Jacksonville Jaguars owner Shad Khan’s development company applied to the city for a permit to build the foundation for the proposed Four Seasons Hotel & Residences along East Bay Street Downtown.

Iguana Investments Florida LLC and contractor PCL Construction LLC want to build the foundation at a construction cost of $1.2 million at 1406 E. Bay St. along the St. Johns River near TIAA Bank Field.

The building-permit application follows permits issued in November and December to clear the site and demolish a former marine fire station there, remove gantry rails and other work.

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