NFL’s Jacksonville Jaguars has joined hands with the Cordish Cos. to co-develop a $2.5 billion mixed-use district along with Iguana Investments at a site near Jacksonville NFL stadium. This development, along with the Oakland Raiders $1.8 billion stadium coming up in Las Vegas, underlines the scale of investments in sports venues across the United States.
Developed in partnership with globally renowned architecture firm Beyer Blinder Belle, the master development plan could eventually span 4.25 million square feet of top-notch dining, entertainment, retail, office, hotels and luxury living experience.
The Cordish Cos. has earned a name in sports-anchored, mixed-use developments, partnering with several professional sports franchises and media companies, of the likes of the Comcast-Spectacor, NBC Sports, Professional Bull Riders, St. Louis Cardinals, FOX Sports, Philadelphia Flyers, and Sporting KC.
No timeline has been announced for the project, but the full buildout may take decades. The site, previously used by shipyards and oil tank farms, will require cleanup of petroleum-contaminated soil along with approval from environmental regulators.
