Development Updates

Current Status: Under Construction

Gateway Jax LLC is planning a multiphase, mixed-use development across 20 blocks in the NorthCore to include 1,160 apartments, office, 120,000 of grocery-anchored retail space, and parking. The first block to break ground, known as N11 (located at 515 N. Pearl St.), kicked off the project's construction of Phase 1A in October 2024. Block N4 broke ground in May 2025. Investment: $500 million Status: Phase 1A is under construction; subsequent phases are in review

Current Status: Under Construction

The first site to break ground in Pearl Square, Block N11 will be a seven-story building at 515 N. Pearl St. to emerge as a 21,000-square-foot mixed-use project with ground-floor retail and 205 apartment units. It broke ground in October 2024. This first parcel marks the start of construction of Gateway Jax's Pearl Street District, which covers five blocks in Downtown’s NorthCore. Block N11 received a $9.06 million REV grant and $4.63 million completion grant from the Downtown Investment Authority for a minimum six-story building with at least 194 residential units and 21,333 square feet of leasable retail space. The block is bounded by Ashley, Pearl, and Church streets, as well as the historic Porter Mansion.

Current Status: Under Construction

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.

Current Status: Recently Completed

Pizza Dynamo is a spinoff of Pizza Jean in Atlanta's Ponce City Market. With its own menu and vibe, Pizza Dynamo opened June 2025 adjacent to Pour Taproom in the new VyStar parking garage retail bay.

Current Status: Recently Completed

Opening June 2025, Pour Taproom boasts 80 beers on tap as well as an awesome pub fare. Locally owned, Pour has prioritized Duval and Florida craft brews, featuring plenty of sours, innovative flavors, and mixed drinks too. A mezzanine, small stage, and plentiful seating even make Pour Taproom an excellent event venue. And with tons of TVs, if you're not at the game, this is where you'll be watching it! A partnership between Atlanta-based Pour Taproom and VyStar, this first Florida franchise, in the ground floor of the newly constructed parking garage on Laura Street (adjacent to Pizza Dynamo), will be open for lunch and dinner seven days a week.

Current Status: Partially Complete

Prudential Club Garden, Lounge & Liquors is a new concept from the team behind the Player's Grille. Located in the heart of Jacksonville, Florida, The Prudential Club is a beacon of sophistication and elegance, catering to casual patrons and event hosts alike. With its modern yet inviting atmosphere, The Prudential Club has become the go-to destination for those seeking an upscale bar experience and a versatile event center. Bar Experience At The Prudential Club, the bar experience is nothing short of exceptional. Offering a curated selection of premium drinks, the club prides itself on its extensive menu of craft cocktails, fine wines, and top-shelf spirits. Whether you’re in the mood for a classic martini, an artisanal cocktail, or a glass of aged whiskey, the skilled bartenders at The Prudential Club are ready to craft the perfect drink to suit your taste. Event Center The Prudential Club excels as an event center, making it the ideal venue for weddings, corporate parties, and a range of other special occasions. The club boasts a versatile space that can be customized to meet the specific needs of any event, whether it’s an intimate gathering or a grand celebration. Stop By Sometime Whether you’re looking to enjoy a night out with friends, celebrate a wedding, or host a corporate event, The Prudential Club in Jacksonville, Florida, offers an unparalleled experience. With its premium drinks, delectable light food offerings, and exceptional event hosting capabilities, The Prudential Club has established itself as a premier destination in the Jacksonville nightlife and event scene.

Current Status: Recently Completed

This property was originally constructed in 1909 following the Great Fire of 1901 and is considered one of the most historic properties in downtown Jacksonville for its contribution to the resurgence of the city following the fire, as well as its architecture and continuing structural integrity. This project includes the use of DIA’s Downtown Preservation and Revitalization Program (DPRP) to bring the property back to more historic standards and other improvements needed to preserve and maintain the integrity of the structure for their continuing operating needs. Improvements begin with window replacement and exterior renovations to better seal the historic structure against weather and elements using techniques approved by the Secretary of the Interior that meet established rehabilitation standards. Future phases will focus on other needs related to Code Compliance requirements to make the property more accessible and functional as part of its growth strategy in the Jacksonville market.

Current Status: Approved

Related Group is planning a new 25-story riverfront tower with no less than 390 luxury units, a minimum 4,000 SF restaurant space, and a 9-story parking garage. The development will also include a 1,000 SF Ship's Store that will serve the future restored marina. The City will finance the restoration of a 29-slip marina and boat ramp at the site. Investment: $202 million Status: Approved by DIA Board, Incentives Package Approved by City Council

Current Status: Under Construction

Georgia-based Rise Properties LLC is constructing a 247-unit building with first floor retail, rooftop amenities, and a 284-space garage. It will be the first major multifamily residential property in the Sports & Entertainment District.  A feature wall will incorporate materials and architectural features that were found on the original Doro building. The former Forsyth Street right-of-way adjacent to the site is expected to create a destination for outdoor social activities including markets, culture, and entertainment all year around. While the nearly-completed Rise Doro apartments tragically burned down in January 2024, the project is under construction and on track for a first-phase opening in March 2026. Investment: $67 million Status: Under construction

Current Status: Recently Completed

This six-story, 264 unit apartment complex offering studio, one-, two- and three-bedroom units. The complex consists of two residential buildings, one fronting the St. Johns River and another fronting Prudential Drive. Community amenities include a pool, courtyard, game areas, a social clubroom, billiards lounge, pet-grooming spa, and a health club that will feature yoga and spin studios as well as top-grade fitness equipment.