A major milestone in downtown Jacksonville’s transformation is set for May 29, when Gateway Jax will officially break ground on its second Pearl Square development at 425 Beaver St.
The mixed-use building — part of the $2 billion Pearl Square vision spanning nine city blocks — will bring 286 apartments, nearly 20,000 square feet of retail, and on-site parking to the urban core. It follows the October 2024 groundbreaking of 515 Pearl and marks a broader wave of construction activity that will eventually deliver more than 1,250 residences, a boutique hotel and extensive public space enhancements aimed at turning the area into a vibrant, walkable destination.
The groundbreaking will usher in an active construction present with over 500 residential units and 40,000 square feet of retail space. This major development, however, is only the start. Gateway has several additional buildings slated to start construction later in 2025 and throughout 2026.
Upon completion, Pearl Square will deliver more than 1,250 new residential units, approximately 200,000 square feet of retail space and a 100 key boutique hotel that will stand above vibrant new public spaces — widened and shaded sidewalks, lush public park spaces and a signature curbless festival street with abundant outdoor dining possibilities.
The full buildout of Gateway Jax’s holdings will total an estimated $2 billion in capital investment over the next decade.
“Jacksonville is one of the most unique and special places in the country and downtown is the key to taking our city to the next level,” Gateway Jax CEO Bryan Moll said in a press release. “It brings together history, culture, sports, entertainment, the waterfront –– everything that makes our home so special.”
The 425 Beaver Street team includes SK+I Architecture, with Elks Manfredi Architects, Ltd. serving as the design architect and interior design by Cecconi Simone.
England-Thims & Miller is the civil engineer and Jacksonville-based Faver Gray the General Contractor.
The new parks and public spaces will be designed by Hoerr Schaudt.
By Matt Denis, Reporter
Jacksonville Business Journal