Rendering of the West Terrace view at the Four Seasons Private Residences Jacksonville, overlooking the St. Johns River and adjacent marina as part of the riverfront redevelopment.<\/p>\n
Four Seasons Private Residences Jacksonville<\/p>\n
Fans of the Four Seasons brand can expect a degree of opulence and service wherever a new property hangs its sign, from Anguilla to Bahrain to Tanzania. The cost of a room, however exorbitant, buys a degree of familiarity that grows more valuable the farther one travels from home.<\/p>\n
The Four Seasons Private Residences chain offers further proof of the substance behind the price. OpenEvidence founder Daniel Nadler reportedly paid $38.2 million<\/a> for a triplex penthouse at the Surfside, Florida, location. The Washington D.C. installment, located on the site of a former Georgetown heating plant, was reportedly selling residences<\/a> for an average of $5.4 million last summer. In 2004, a penthouse at the Four Seasons Private Residences in Miami was listed for sale at $16.9 million<\/a> \u2014 approximately $32.4 million in today\u2019s dollars.<\/p>\n Each of these locations carries a connective thread. The value of owning a part-time residence in coastal Florida is obvious; renting a room to snowbirds on the winter weekends you plan to stay at home is a relatively light lift. Washington, D.C., where the seat of government operations offers highly paid seasonal work, is similar. Whether they\u2019re in or near popular vacation spots (Cabo San Lucas, the Bahamas, Telluride, etc.), the reason why each Four Seasons Private Residences exists is fairly obvious.<\/p>\n Less obvious is the genesis of the latest installment, announced this week: a 26-unit Four Seasons Private Residences at the chain\u2019s newest hotel<\/a> in Jacksonville. The property will anchor a downtown development project that includes a $1.4 billion renovation of EverBank Stadium (home of the NFL\u2019s Jacksonville Jaguars), a new 150,000-square-foot Class A office building, and additional mixed-use elements in the city\u2019s Sports & Entertainment District. It\u2019s the first luxury hospitality development of any kind in Jacksonville\u2019s downtown.<\/p>\n Four Seasons Jacksonville And Developers: Shahid Khan And Iguana Investments<\/p>\n Rendering of the pool and cabana area at the Four Seasons Private ResidencesJacksonville, part of the riverfront development overlooking the St. Johns River.<\/p>\n Four Seasons Private Residences Jacksonville<\/p>\n The idea behind a 170-key Four Seasons hotel in proximity to an NFL venue is nothing new. The private residences, however, are the first in the Four Seasons chain to be so closely connected to a North American sporting venue. Shanna Khan, the daughter of Jaguars owner Shahid Khan (whose $15 billion net worth ranks 180th in the world<\/a>), is the Founder and Chief Executive Officer of Shanna Collective, the developer of the project along with Iguana Investments.<\/p>\n \u201cAs one of the fast-growing cities in the United States, Jacksonville presents an exciting destination for us to introduce Four Seasons Private Residences,\u201d Chris Meredith, Group Head of Residential at Four Seasons, said in an email. \u201cWith every new project, we look for opportunities in the best locations, where we can elevate the lifestyle offerings through Four Seasons legendary service, and with partners who share our vision for excellence.<\/p>\n \u201cWith the tremendous development happening at the Jacksonville Shipyards and the Stadium of the Future, we will do exactly that alongside Shanna Khan and Iguana Investments. The sports and entertainment experiences that will be deeply tied to this project will make it a standout within our portfolio, and we are proud and excited to contribute to the city\u2019s bright future ahead.\u201d<\/p>\n The newest edition of the Four Seasons Private Residences, in effect, represents a big bet on an aspiring city. Jacksonville <\/a>recently cracked 1 million residents, as well as the Top 10 most populous cities in the United States, according to the most recent Census data<\/a>. Only nine U.S. cities saw a larger increase<\/a> in residents between July 2023 and July 2024.<\/p>\n