A $500 million project in one downtown corridor could lead to a $2 billion buildout in the next decade, Gateway Jax developers announced Wednesday.
The initial phase includes over 1,000 multi-family housing units, at least one grocery store, dining, retail and greenspace in what developers call the “Pearl Street District” between East Church and West Union streets. The goal is to eventually expand to cover over 20 city blocks.
Bryan Moll, chief executive officer of Gateway Jax, hosted an event to announce the plans and lead a walking tour to show virtual renderings of the new district with his development partners and city leadership.
“We’ll continue revitalizing the city’s core with mixed-use development that creates 18 hour-a-day vibrancy so residents can find everything they need to work, live and play all within one interconnected community,” Moll said Wednesday.
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