A prominent development group, Gateway Jax, has strategically acquired multiple parcels in downtown Jacksonville to ensure the necessary scale for their upcoming project. This ambitious venture aims to add a significant number of apartment units and retail space.
According to the Jacksonville Business Journal, Gateway Jax is led by a team of experienced investors including DLB Capital and JWB Real Estate. The North Core location has been selected as the site for this project with an estimated value of $2 billion over the next decade.
The first phase is expected to commence in mid-2024 and will involve transforming four blocks on the outskirts of downtown. This initial stage will feature five buildings along Pearl Street spanning from Union Street to Church Street near Florida State College at Jacksonville’s downtown campus.
Gateway plans for further expansion throughout the urban core with nearly 24 acres already under their ownership in areas such as North Core, LaVilla, and Cathedral Hill.
