The first site to break ground in Pearl Square, Block N11 is a seven-story mixed-use building at 515 N. Pearl St. Construction began in October 2024, marking the official launch of Gateway Jax’s five-block Pearl Street District in Downtown’s NorthCore.
The project will deliver 205 apartment homes above approximately 21,000 square feet of ground-floor retail, activating the streetscape and establishing the first wave of neighborhood-serving amenities within the district. Block N11 received a $9.06 million REV grant and a $4.63 million completion grant from the DIA, supporting a minimum six-story building with at least 194 residential units and 21,333 square feet of leasable retail space.
Bounded by Ashley, Pearl, and Church streets and adjacent to the historic Porter Mansion, N11 sets the tone for a walkable, mixed-use neighborhood that blends new residential density with preserved architectural character.
Construction is now underway on Pearl Square’s second major development site at 425 W. Beaver St. This 286-unit mixed-use project is poised to reshape the city center with new apartments, retail, and a pedestrian-friendly design. This site is projected to be completed in 2027 and will cost approximately $110 million. Block N4 broke ground in May 2025.
Block N4 received a $14.1 million Recapture Enhanced Value Grant and $6.84 million completion grant from the Downtown Investment Authority for a minimum six-story building to include at least 266 residential units and 19,155 square feet of leasable retail space. The block is bounded by Union, Pearl, Beaver, and Clay streets.
In October 2021, the Jacksonville City Council approved plans for a 176-room Four Seasons hotel with 25 private residences, a 137,000-square-foot Class A office tower, and City-owned marina. One Shipyards Place is a six-story office building under construction by Iguana Investments across Gator Bowl Boulevard from EverBank Stadium. Office space is available and currently leasing on the building’s fifth and sixth floors.
Total Project Investment $387.6 Million
Expected Completion: April 2026
In October 2021, the Jacksonville City Council approved plans for a 176-room Four Seasons hotel with 25 private residences, a 156,000-square-foot Class A office tower, and City-owned marina. The five-star hotel will tout resort amenities including a pool, spa, ballroom, meeting spaces, signature roof-top restaurant, and other dining options. The marina will feature a marina support building that contains a ship store, public restaurant, restrooms, and shower facilities.
Plans include a $4 million investment over 20 years to neighboring Metropolitan Park.
Investment $387.6 Million
Expected Completion: February 2027
Preston Hollow Capital LLC has begun work on this healthy-living-inspired mixed-use project on 30-acres along the riverfront. The development is slated to bring 950 residential units, 147 hotel rooms, 200,000 SF of office space, 134,000 SF of retail, and a 125-slip marina. The project will include more than four acres of public park space and active water access.
The public space will include more than four acres of public park spaces, including a large central riverfront Park, and will tell the story of Jacksonville’s extraordinary medical facilities through art, exercise, gardens and interactive features. Active water access abounds with a marsh boardwalk and an extension of the Southbank Riverwalk, as well as transient boater slips and a kayak launch site.
With scenic views of both the river and the Downtown skyline, this unique setting will be a place that empowers residents and visitors to pursue and achieve wellness in their everyday lives.
Investment: $693 million
Status: Under construction
In June 2024, the City of Jacksonville and Jacksonville Jaguars reached an agreement on an historic deal for a new stadium. The Stadium of the Future is a $1.4 billion renovation of EverBank Stadium into a state-of-the-art facility that serves as a hub for sports, entertainment, and community engagement. Plans call for a modern design inclusive of a protective canopy, wider concourses, new communal spaces, scenic lookout decks, new seating types, special event capacity, immersive in-bowl tech, and a nature park. The project will keep the Jacksonville Jaguars in Jacksonville for at least 30 years.
A significant component of the project is the Community Benefits Agreement, which outlines investments aimed at uplifting the surrounding communities and ensuring long-term benefits for Jacksonville residents. Both the City of Jacksonville and the Jaguars have pledged $150 million each, totaling $300 million, dedicated to community initiatives such as improvements to parks, affordable housing, workforce development and homelessness initiatives throughout the city.
The renovation commenced in early 2025, with an expected completion by the 2028 NFL season. Fans will experience changes to parking and stadium entry during the 2025 season. The most visible changes will begin in 2026, with major construction milestones set to take place through 2027. The Jaguars will play 2027 season in Gainesville or Orlando.
The June Social Club will occupy the entire historic Federal Reserve Building at 424 N. Hogan St. in the Downtown NorthCore. It is part of the Gateway Jax project to redevelop more than 20 blocks Downtown primarily assembled by Jacksonville-based JWB Real Estate Capital.
Flamingo Wine and Coffee Bar is expanding to the Southbank of Downtown. Located in the newly renamed Hanania Building, this location will be open from 7am to 10pm during the week and until midnight on Fridays and Saturdays. Much like the original in Murray Hill, this location will have a light food menu, full coffee bar, and offer beer and wine.
The Downtown Investment Authority board approved a $53,430 Retail Enhancement Program grant in August 2024. The grant is structured as a three-year forgivable loan payable upon substantial completion of the build-out.
Preston Hollow Capital LLC has contracted with Toll Brothers for 39 town houses as part of the major Southbank development dubbed RiversEdge: Life on the St. Johns. The townhomes model home opened in January 2025.
Learn more about the the RiversEdge townhomes at: https://www.tollbrothers.com/luxury-homes-for-sale/Florida/Toll-Brothers-at-RiversEdge
Walk along the Northbank Riverwalk for an amazing view of the St. John’s River. Many city events take place here including the Light Boat Parade, New Year’s Eye Fireworks and many races.
The Northbank Riverwalk is undergoing repairs including: bulkhead repairs, wayfinding signage and the addition of a performing arts activation node.
