Redevelopment Opportunity

Prime Redevelopment Opportunity Across from Jaguars Stadium

Available for sale: a prime redevelopment property located directly across from the Jacksonville Jaguars’ EverBank Stadium, which is undergoing a major $1.4 billion renovation. This is a once-in-a-lifetime chance to capitalize on the transformation of the Stadium and surrounding Sports & Entertainment District.

Rare Downtown Jacksonville Redevelopment Opportunity

● Current Use: Established restaurant (30+ years) and parking lot near TIAA Bank Field

● Flexible Development: Minimal restrictions on height, density, or setbacks; potential for stadium, downtown, and river views

● Prime Location: Excellent highway access with connections to US-1, I-95, Mathews Bridge, and Hart Bridge

● Growing Market: Downtown Jacksonville’s population and household growth at 6.3%-6.6% (CoStar Analytics)

● Urban Core: Within the Northbank CBD, regulated by the Downtown Investment Authority (DIA)

● Proximity to Attractions: Walking distance to the NFL stadium, new practice facility, Daily’s Place, Metropolitan Park, and more

● Retail Growth: Submarket rents up 11.8% YoY, outpacing the national average (CoStar Analytics)

● Not in Flood Zone: Outside FEMA Special Flood Hazard Area

● Incentives Available: DIA offers partnerships, grants, credits, and revitalization programs

Area Transformation:

● The stadium anchors the new Sports & Entertainment District in downtown Jacksonville, making the surrounding area a hotbed for commercial, residential, and entertainment developments.

● The property offers an exceptional opportunity for businesses and investors looking to take advantage of the area’s revitalization, with future foot traffic from game days and year-round events.

Project Highlights:

● $1.4 Billion Stadium Overhaul: The Jaguars are revamping EverBank Stadium, directly across from the property, with features like a partial roof, expanded concourses, park-like entrance, corner openings for airflow, and a reflective outer coating to reduce interior heat. The renovation is funded by $775 million in public funds from Jacksonville and $625 million from the Jaguars, with a 30-year lease agreement in place.

● Timeline: Construction begins in February 2025, with the completed, modernized stadium expected to open in 2028.

Why Invest?

● Strategic Location: Prime property directly across from a $1.4 billion redevelopment.

● Growing Demand: The expansion of the district is set to drive economic growth and increase the area’s value.

● Long-Term Potential: As the new stadium opens in 2028, this location will be at the center of major events, sports, and entertainment activities.