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Plans for 2nd phase of Lot J development are already being made

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JACKSONVILLE, Fla. – The Jaguars’ president and Mayor Lenny Curry’s office haven’t yet announced a development deal for Lot J in Downtown Jacksonville, but plans are already underway for a second phase.

According to a report by the Jacksonville Daily Record, Jaguars President Mark Lamping outlined the Phase II concept during an interview. It would include two high-rise towers and a connecting parking garage. He said the price tag could could be an additional $200 million, bringing the total investment to about $700 million.

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One tower would be residential and the other would be corporate office space, Lamping told the Daily Record.

The mayor told News4Jax earlier this month that his team are nearing a deal on the first phase of the Lot J development, which sits next to TIAA Bank Field.

“My team’s been negotiating with the Jaguars and their partners. They’re close,” Curry said.

Curry has said Phase I will be a mixed-use development with a live entertainment complex, a hotel and restaurant, plus residential space and an office building.