Gateway Jax launches plans for Downtown development that could reach $2B

Published on September 20, 2023 at 11:07 am

Gateway Jax announced plans Sept. 20 for a $500 million mixed-used development in the North Core area of Downtown Jacksonville that includes apartments, a grocery and retail space, the first phase of a project that could grow to 22 acres and a more than $2 billion investment over the next decade.

Gateway Jax is a commercial real estate company backed by DLP Capital and sponsored by JWB Real Estate Capital. The Downtown North Core area is north of the Duval County Courthouse and west of First Baptist Church, where the developers have been acquiring property.

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DLP Capital said in a news release it is providing the majority of funding for the project, planned to break ground in mid-2024, “through its private evergreen funds that invest in building thriving communities.”

Read the rest of the story from Jacksonville Today news partner the Jacksonville Daily Record.

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