JACKSONVILLE | Gateway Jax | FT | FLOORS (Multiple Towers)

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Gateway unveils project that could be start of $2 billion investment in urban core
https://www.bizjournals.com/jacksonv...s-project.html

Work on the first phase of the project could begin in mid-2024, transforming a four-block area on the edge of downtown.
That phase will consist of five buildings centered on Pearl Street, with the project stretching between Union and Church streets, near Florida State College at Jacksonville's downtown campus.
The rest of the project would extend throughout the urban core, with Gateway saying it owns almost two dozen acres of properties in North Core, the center of downtown, LaVilla and Cathedral Hill.

"We have the great benefit that we don't need to go out there and raise the equity or go out there and find a lender to do this project," he said. "We're able to be the lender and be the primary equity with the capital we already have."
DLP is joined in the project by JWB Real Estate Capital — another of Jacksonville's fast-growing companies, and one that has been investing millions in the urban core.

Gateway Jax launches plans for Downtown development that could reach $2 billion
https://www.bizjournals.com/jacksonv...s-project.html

The company said its near-term plans include the development of three buildings along Pearl Street that will offer more than 1,000 multifamily units, 120,000 square feet of grocery-anchored retail and new public spaces that encourage community interaction.

Conceptual project renderings show several new multistory buildings surrounded by green space. One building will be 22 stories tall.

Gateway Jax said its development “will create dynamic and interconnected, walkable neighborhoods that will invigorate downtown Jacksonville.”
It said its streetscape designs will encourage connectivity including public spaces, courtyards and sidewalk cafes. Future development phases are expected to include office, hotel and other mixed-uses.

The photos shown only encompass 4 of the 20+ blocks the development team will hopefully construct.

This will be one of the largest downtown revitalization in Floridian history, as well as US history, if realized.

Likewise, the developers have a solid history along with funding under control according to these articles.

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First chunk of towers revealed:

https://www.jacksonville.com/picture...s/71173273007/

A 22-story building with 530 residential units and 62,000 square feet of residential would be built on a block bounded by Pearl, Beaver, Clay and Ashley streets for the Pearl Street District in downtown Jacksonville.

A seven-story building with 205 residential units and 21,000 square feet of street-level retail would be on a block bounded by Ashley, Church, Pearl and Julia streets for Pearl Street District. The block includes the existing Porter House, which would remain.

A rendering shows a seven-story building for 270 residences plus 16,000 square feet of ground-floor retail as part of the Pearl Street District on the Northbank side of downtown. The block for his building is bounded by Union, Beaver, Clay and Peral Streets.

https://www.bizjournals.com/jacksonv...ee-blocks.html