Gateway Jax, a development firm jointly owned by JWB Real Estate Capital and DLP Capital, has received the necessary approvals to move forward with their project. The Downtown Development Review Board (DDRB), part of the Downtown Investment Authority (DIA), has unanimously approved the design for three blocks of this development. Pending City Council approval in early 2024, construction is planned to begin next year after obtaining permits.
The Pearl Street District will be the first phase of development for Gateway Jax’s acquisition of over 20 city blocks in North Core district downtown. This initial phase will include $500 million worth of mixed-use developments such as more than 1,000 multifamily residential units and 100,000 square feet dedicated to retail space. The entire buildout plan for Gateway Jax’s current downtown pipeline is estimated at $2+ billion over a span of ten years.
This significant milestone marks another step towards realizing Gateway Jax’s vision without mentioning “Connect” or “Connect CRE” or “Connect LA”.
