Currently undergoing a substantial rehabilitation to update mechanical systems and retain historic architectural features that make this building one of the finest in the downtown Historic District, The Greenleaf will provide 44,000 square feet total of leasable space. The building received local landmark status in October 2023.
The Oak Steakhouse intends to open on the first floor in the former Jacobs Jewelers space. Indigo Road Hospitality Group announced that the steakhouse will open in early 2026. Regus coworking currently leases space on the eighth and ninth floors.
JWB Real Estate Capital anticipates using the second, fourth, fifth, 11th, and 12th floors for its headquarters. The project cost for four of the company’s targeted five floors is almost $2.53 million. Interior build-out permits were issued June 2025.
The building was completed in 1927 and is one of the few remaining examples of the mixed-use commercial buildings constructed in Downtown soon after the Great Fire of 1901. It was designed by Marsh & Saxelbye, a prominent local architecture firm during the Florida land boom.
The Downtown Investment Authority approved a $4.97 million forgivable loan package in August 2023 for JWB to finance improvements at the building at an estimated cost of $16.88 million.
Located in a beautifully restored 100-year-old building with striking art-deco character, Oak Steakhouse will offer an elevated dining experience rooted in tradition. Guests will enjoy Prime Certified Angus Beef®, a seasonally driven menu featuring local and regional ingredients, a world-class wine list, and gracious, attentive service in a space that’s both sophisticated and welcoming. The Oak Steakhouse intends to open on the first floor in the former Jacobs Jewelers space in early 2026.
Charleston, S.C.-based Indigo Road Hospitality Group, which operates the steakhouse concept and Japanese cuisine restaurants O-Ku, including one in Jacksonville Beach, announced the project in November 2024.
The newest dining concept coming to The Elbow: a modern European-style bakery by day and elevated dessert and cocktail lounge by night, with a refined, full-display bakery counter and cozy tea room speakeasy, a standalone offering in Downtown Jax. The establishment will occupy a 3,590-square-foot space on the ground floor of the Churchwell Lofts building, named for the proprietor who used it to sell dry goods, shoes, and notions beginning in the 1920s. The building was constructed in 1905.
Total bakery build-out costs are listed at $550,000 in a DIA term sheet on the project. Besa is receiving $215,000 in public funding through the Downtown Investment Authority, composed of a Retail Enhancement Program Targeted Retail Activation: Food and Beverage Establishments Grant (FAB-REP), and a $15,000 forgivable loan under the Sidewalk Enhancement Grant Program.
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
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.
A companion to the adjacent Four Seasons development, the development includes a mixed-use marina support building with a dockmaster office, restrooms, storage, retail space, a laundry room, a manager’s office, other office area, and a restaurant. It will be a roughly 6,000-square-foot building that included a 1,847-square-foot restaurant space with 72 indoor seats and 40 outdoor seats. An event lawn, located in between the office tower and support building, and adjacent Riverwalk improvements are also included. Access to the marina will be via the Riverwalk, hotel, event lawn, and office tower.
