Shanna Collective and Iguana Investments Secure Record $360 Million for Jacksonville Four Seasons

Shanna Collective and Iguana Investments land a record $360M loan from Goldman Sachs for the Four Seasons Hotel and Residences Jacksonville, due for 2027 delivery.

By: AXL Media

Published: Mar 14, 2026, 10:45 AM EDT

Source: https://www.multihousingnews.com/

Historic Financing and Development Milestones

The $360 million senior loan provided by Goldman Sachs is a defining financial milestone for the development, which reached its topping-off point in August 2025. Founded by Shanna Khan, Shanna Collective is managing day-to-day operations, while Iguana Investments—owned by Jacksonville Jaguars owner Shahid Khan—serves as the primary financial backer. This capital injection ensures the completion of both the 170-key luxury hotel and the exclusive residential component, with a projected delivery date in 2027.

Residential Specifications and Market Entry

The development features a limited collection of 26 ultra-luxury residences, with sales exclusively handled by Douglas Elliman. Units range from two to five bedrooms, spanning between 1,930 and 7,936 square feet. Prices for these waterfront homes start at $4.7 million, setting a new benchmark for the Jacksonville market. The high-floor residences are designed to offer panoramic views of the St. Johns River and the city's growing downtown skyline, catering to a demographic of ultra-high-net-worth individuals previously underserved in the North Florida region.

Hospitality Branded Amenities and Lifestyle Integration

As a branded Four Seasons property, the development integrates elite hotel services with private residential living. Residents will have access to an 11,000-square-foot spa featuring 12 treatment rooms, a state-of-the-art fitness center, and a private lounge equipped with a golf putting simulator. The project also includes three restaurants led by Michelin-starred culinary talent. Outside, a 78-slip marina developed for the City of Jacksonville will offer direct river frontage and accommodate large-scale vessels, further enhancing the project's appeal as a premier maritime destination.