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Gateway Jax Development Work to Begin
Gateway Jax received the go-ahead on the first of five blocks for its $419 million Pearl Street District development, which promises 1,000 residential units and thousands of square feet of retail . The city approved a permit for the first phase, called Block 11. Avant Construction is building the $45 million project, which will include 205 residential units and 24,086 square feet of retail in a seven-story building. The Gateway Jax developers are a joint venture between JWB Real Estate and DLP Capital.
The Downtown Development Review Board approved future plans which includes a 22-story, mixed-use building with about 530 units, 400 of them being multifamily and 140 as short-term stays. The ground and second floors will house about 62,000 square feet of retail space, while the rest of the second and third floor will be parking.
The Jacksonville City Council approved a $98.58 million incentive package for the district.
