Pearl Square looking at the building in Block N4, now called 425 Beaver St. The building will include 286 multifamily units, nearly 20,000 square feet of retail space and on-site parking. Gateway Jax broke ground on the project May 29. | Jacksonville Daily Record
Published on June 9, 2025 at 11:18 am
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As the Pearl Square development in Downtown Jacksonville comes out of the ground, it’s also growing in acreage and size of investment.
Gateway Jax, which held a groundbreaking May 29 for its second Pearl Square building, reports that the development has grown to nine properties and a cost of $750 million. The original plan was for five properties and a $419 million investment.
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As construction begins on Gateway’s $110 million mixed-use project at 425 Beaver St., the properties now involved in Pearl Square also include:
- 515 Pearl St., which broke ground in October 2024 as Pearl Square’s first project.
- The “lighthouse” parking garage bounded by Union, Julia, Beaver and Pearl streets.
- A parking garage to the east of the lighthouse garage.
- The former First Baptist Church auditorium at 712 N. Hogan St.
- A vacant block bounded by Beaver, Pearl, Ashley and Clay streets.
- The block containing the vacant Ambassador Hotel and Central National Bank buildings.
- A warehouse immediately north of 515 Pearl St.
- An additional site yet to be announced.
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Read the rest of this story at the Jacksonville Daily Record, a Jacksonville Today news partner.
Ric Anderson got his first job in a newsroom as a teenager in the 1980s, and he's been in the news business virtually ever since as a news and sports reporter, news editor and opinion editor. A native Kansan, he came to Jacksonville Today after 11 years as an editor at the Las Vegas Sun.
