Under Construction

Pearl Square

Pearl Square is a $1 billion mixed-use district spanning nine city blocks and more than two million square feet in Downtown Jacksonville's Urban Core, the largest private investment in the district's history and the city's first purpose-built walkable downtown destination.

Official Website
TMW IntelligenceVerified Oct 7, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
10.29.24
Start
2028
Completion
100
Keys
1250
Units
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Details

441 West Beaver Street, Jacksonville. 1250 residences and 100 hotel keys. Broke ground October 2024, completing 2028.

The story so far
Announced 2024 est.
Broke ground Oct 29, 2024Backfill (empty history): Gateway Jax ceremonially broke ground on Pearl Square's first phase, the $419M Pearl Street District, Oct 29 2024 per Jax Daily Record
jaxdailyrecord.com
Second building starts May 29, 2025Gateway Jax broke ground on 425 Beaver Street, Pearl Square's second building, with 286 apartments over nearly 20,000 sq ft of retail, designed by SK+I Architecture with interiors by Cecconi Simone
jaxdailyrecord.com
Retail corridor breaks ground Jan 2026Gateway Jax began converting the parking garage at 721 N. Pearl Street into 16,000 sq ft of ground-floor retail and dining while keeping about 700 parking spaces
actionnewsjax.com
Publix block demolition permitted Jun 2026city issued a permit (PCL Construction) to demolish the former First Baptist Church auditorium at 119 W. Beaver St for the Publix-anchored N7 block, a ~15-story tower with about 250 apartments over a 31,000 sq ft grocery targeted for 2028
jaxtoday.org
Tenant announced Jul 24, 2026Gateway Jax announced the first retail lineup for Pearl Square — nearly 10,000 sq ft at the Vandeveer building, including Bar Citra, Buchner's Biergarten, PopUp Bagels, Go Greek Yogurt, JETSET Pilates and Pearl Street Nails, joining previously announced Publix and Colletta
floridayimby.com
Phase 1 complete Aug 2026The Vandeveer, Pearl Square's first infill building at 515 N. Pearl Street, began leasing its 205 apartments
oftmw.com
Office block rezoned Sep 22, 2026Jacksonville City Council voted 19-0 to rezone Block N9 at 331 W. Ashley St for a 60,000 sq ft office building over 15,000 sq ft of ground-floor retail (Jax Daily Record)
jaxdailyrecord.com
Under construction
Expected opening 2028
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
Supply pressure 24 · BalancedJacksonville marketMarket →
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About the project

Pearl Square is a $1 billion mixed-use district spanning nine city blocks and more than two million square feet in Downtown Jacksonville's Urban Core, the largest private investment in the district's history and the city's first purpose-built walkable downtown destination. Developed by Gateway Jax, a Jacksonville-based firm founded in 2022 whose leadership previously worked on Water Street Tampa and National Landing in Arlington, Virginia, the master plan calls for more than 1,250 residential units across four buildings, 100,000 square feet of Class A office space, over 200,000 square feet of retail and dining including more than 20 shops and 15 signature restaurants, the 100-room boutique Hotel Merrydelle, and roughly one acre of park and public open space. The district is designed by a roster of national architecture and design firms including Morris Adjmi Architects, SK+I Architecture, Elkus Manfredi Architects, Cecconi Simone, and landscape architects Hoerr Schaudt. Vandeveer, the first mixed-use residential building, holds 205 units, with a ground-floor retail program curated around full-service dining and daily-life uses opening onto pedestrian streetscapes and green space surrounding the historic Thomas V. Porter Mansion. Initial tenants include Bib Gourmand-recognized Bar Citra from St. Augustine, PopUp Bagels, Go Greek Yogurt, JETSET Pilates, Pearl Street Nails, and Buchner's Biergarten on the Porter House Lawn, joining a Publix that will be the area's first new-construction grocery store in more than a decade and Colletta, a from-scratch Italian restaurant within the restored Hotel Merrydelle. Buildout across the nine blocks is ongoing, with additional residential, office, hospitality, and retail phases in development.

The Jacksonville market 24 · Balanced supplyUrban Core 6-project pipeline · 2,621 residences and keys · peak Late ’28 Explore the market →
Common questions

Frequently asked

Where is Pearl Square located?

Pearl Square is located in Jacksonville.

When will Pearl Square be completed?

Pearl Square is under construction, with completion expected in 2028.

Who is developing Pearl Square?

Gateway Jax is the developer behind Pearl Square.

Who designed Pearl Square?

Pearl Square was designed by Morris Adjmi Architects & More.

How big is Pearl Square?

Pearl Square features 1250 residences and 100 hotel keys.