Recent posts

#1

Downtown / Re: Rebuilding RISE Doro

Last post by CityLife - Today at 01:16:00 PM

Good point Steve on the condo aspect of Four Seasons. That likely makes it even more viable of a project.

I suspect that in addition to owning some units for himself and family, Khan will use some of the condo units for rentals for coaches and higher paid players. Also imagine he might be using hotel rooms for rookies, practice players, and players that are on the bubble of making/staying on the roster.

If you are a head coach or team owner, you want your players and coaches as close to the training facilities and offices as possible, and the Four Seasons is a great way to keep them closer. It's a great play by Khan, imo.

#2

Downtown / Re: Rebuilding RISE Doro

Last post by Steve - Today at 12:56:39 PM

Fair point - didn't realize that JW is getting into the residential game. You can tell by my answer the kind of hotels my work travel takes me too since I'm disconnected from that market a bit!

Though Shad Khan doesn't already own one of those!

#3

Downtown / Re: Rebuilding RISE Doro

Last post by Ken_FSU - Today at 12:14:45 PM

Remember, the residents. JW doesn't have a residential component. Four Seasons (and Ritz) often does, and there are for sale options in the one in Jax.

I think JW is starting to lean a little more into hotel + residential lately, Steve?

A couple in progress for Florida right now:

This was the proposed Orlando project that is currently stalled: https://www.oftmw.com/post/jw-marriott-hotel-residences-mixed-use-project-to-rise-near-lake-eola-in-downtown-orlando

Clearwater JW has condos as well: https://www.oftmw.com/post/jw-marriott-hotel-residences-mixed-use-project-to-rise-near-lake-eola-in-downtown-orlando

The proposed Hard Rock also includes residential units.

#4

Downtown / Re: Rebuilding RISE Doro

Last post by Steve - Today at 12:00:14 PM

Agreed on Rise getting burned by the Lot J deal.

I think the Four Seasons may still do ok without Lot J because it will be an entirely self contained experience where guests don't ever have to leave the site. They also have such a healthy incentive package, that will presumably let them offer rates on the extreme low end for a Four Seasons. The ability to stay at a Four Seasons property for $300-$350 a night will potentially draw in local and regional guests. It's an affordable location for high-end small corporate retreats or conferences. It's a desirable spot for athletes training or rehabbing. And will be a go to spot for visitors of sporting events and concerts. But DT Jax is not really a $500-$1k a night hotel market, so it will be very interesting to see how they handle the rates.

I personally think a JW would have been a better fit for the DT Jax market and done more for downtown overall, but am more optimistic that Khan can make this succeed than some other projects DT.

Remember, the residents. JW doesn't have a residential component. Four Seasons (and Ritz) often does, and there are for sale options in the one in Jax. Those residents pay condo fees, which I can imagine are really steep.

Meaning....if the hotel is half empty it still has the condo fees coming in to help float the property.

#5

Downtown / Re: Rebuilding RISE Doro

Last post by Jankelope - Today at 11:51:30 AM

I think hotel on Riverfront Plaza would be great. I like the idea though of it being a mix of multi-family, hotel, ground level retail, rooftop restaurant.

#6

Science and Technology / Re: Wordle?

Last post by Charles Hunter - Today at 11:15:02 AM

Wordle 1,720 3/6

🟩⬜⬜⬜🟨  38
🟩🟩⬜🟩⬜   2
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Connections
Puzzle #998
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Purple leftovers


Strands #732
"That's it?"
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PIPS
Pips #200 Easy 🟢
0:20 🍪

Pips #200 Medium 🟡
0:46

#7

Transportation, Mass Transit & Infrastructure / Re: Is U2C serious? Help me ma...

Last post by Jankelope - Today at 11:14:06 AM

Didn't I read that they had like 20 riders a day or something?

It's really quite sad because I feel like basically anybody could have told you this was all a bad decision that has cost us hundreds of millions of dollars that the taxpayers trusted us with.

You cannot expect citizens to feel good about where their tax dollars and local-option gas tax increases are going when you have stuff like this.

It muddies the water around the truly awesome and essential things we are doing with infrastructure projects, emerald trail, Riverfront Parks, etc

We need the average citizen to feel like the money they are investing is not some vanity project or R&D experiment for JTA.

So frustrating.

#8

Downtown / Re: Rebuilding RISE Doro

Last post by Ken_FSU - Today at 10:41:52 AM

Agreed on Rise getting burned by the Lot J deal.

I think the Four Seasons may still do ok without Lot J because it will be an entirely self contained experience where guests don't ever have to leave the site. They also have such a healthy incentive package, that will presumably let them offer rates on the extreme low end for a Four Seasons. The ability to stay at a Four Seasons property for $300-$350 a night will potentially draw in local and regional guests. It's an affordable location for high-end small corporate retreats or conferences. It's a desirable spot for athletes training or rehabbing. And will be a go to spot for visitors of sporting events and concerts. But DT Jax is not really a $500-$1k a night hotel market, so it will be very interesting to see how they handle the rates.

I personally think a JW would have been a better fit for the DT Jax market and done more for downtown overall, but am more optimistic that Khan can make this succeed than some other projects DT.

You're probably right on Four Seasons specifically. I used to do a lot of work with Visit Jax, and it was pretty crazy to see how many bed tax dollars for downtown events ended up at the PVIC and Ritz. Hopefully having a high-end hotel on the river claws some of those dollars back.

On JW, that's actually my prediction for the Gateway Jax hotel flag at Riverfront Plaza.

#9

Politics / Re: Trump Presidency #2

Last post by Jankelope - Today at 10:28:40 AM

Many folks are not anticipating the extent to which this is absolutely radicalizing otherwise calm, hardworking, proud Americans.

I have seen a re-aligning along the basis of class unlike anything I have seen in my entire lifetime.

So much of the two party bickering is distraction from the fact that billionaires, hedge funds, multi-national corporations, and political lobbyists are straight up robbing us all blind.

#10

Downtown / Re: Rebuilding RISE Doro

Last post by Jankelope - Today at 10:25:46 AM

This kind of development is complicated because "If you build it they will come" isn't always immediately true. Someone has to assume more risk on the front end. The real equation is "if you build enough of it close enough they will come" and that's a lot harder to do all at the same time.

Rise DORO will undoubtedly be fine in the long run, as I do believe that it is only a matter of time before we have a new Lot J-esque proposal, + whatever will be the Fairgrounds. I am hoping that the Fairgrounds isn't just more parking.