The Four Seasons hotel development project in Jacksonville, Florida has secured a record-breaking $360m loan from Goldman Sachs. Shahid Khan, the billionaire owner of the Jacksonville Jaguars, secured the construction loan from Goldman Sachs Group Inc.’s private bank. The approved loan has ensured advancement of his planned Four Seasons development in downtown Jacksonville. It is an ambitious project with Miami-style asking prices.

The property will consist of a 170-room hotel with 26 condos along the St. Johns River. Moreover, it is slated for completion in 2027. The loan is the largest on record in Jacksonville, a fast-growing city on the Florida’s northern coast. Furthermore, the loan is also the largest in Jacksonville for a single development. The town is growing as it has already garnered a population that surpassed 1 million in 2024. The move is expected to have a significant economic impact in transforming and boosting the local real estate market. Other real estate development project making headwinds across Florida is the FAT Village Mixed-Use development project in Fort Lauderdale.

Outlook on the Four Seasons Hotel Development in Jacksonville

The Four Seasons hotel development in Jacksonville has gradually increased in cost from $301 million in 2024 to $360 million in 2026. Nonetheless, Shahid Khan is positive that the project will advance as prospects are still set for completion on June, 2027. The project even launched residential sales Jan. 21 with the New York City-based Douglas Elliman independent residential real estate brokerage.

Dubbed the South’s Next Breakout Market, the Downtown project at 1406 E. Bay St., near EverBank Stadium along the St. Johns River will be monumental. Those interested in owning a residential villa with atleast $4 million as prices start at $4.7 million for the 26 private residences. Furthermore, they range from two to five bedrooms spanning 1,930 to 7,936 square feet of space.

“The vision for Four Seasons Private Residences Jacksonville was to create a true sanctuary. One that reflects the vibrancy of our city and honors the emerging spirit of a new era of waterfront living,” said Shanna Khan, founder and CEO of Shanna Collective. The development project will also include a frontage on a 78-slip marina that can accommodate vessels of all sizes.

Project Factsheet.

• Project: Four Seasons Hotel and Privates Residences.
• Location: in downtown Jacksonville on the St. Johns River.
• Developer: Shahid Khan (Jacksonville Jaguars Owner)

Financing

• Loan secured: $360 million
• Lender: Goldman Sachs Group Inc. (Private Bank)
• Record: Largest construction loan ever issued in Jacksonville

Development Scope

• Hotel: 170 rooms
• Residences: 26 luxury condos
• Marina: 78 slip waterfront marina.
• Design Luxury, Miami-style pricing.

Timeline

• Sales of residential began: January 21, 2026.
• Target completion: June 2027

Investment & Market Impact

• Project cost escalation: Between $301m (2024) and 360m (2026).
• Prices of residence: Beginning at approximately 4.7 million.
• Unit sizes: 1,930-7,936 sq ft (2-5 bedrooms)
• City context: In 2024, Jacksonville surpassed a population of over 1 million.