Pearl Square Groundbreaking Marks a New Chapter for Downtown Jacksonville

The recent groundbreaking of Pearl Square represents a significant step forward in Downtown Jacksonville’s growth and redevelopment, setting the stage for new life and opportunities in the heart of downtown Jacksonville. This $750 million development is the start of a larger $2 billion mixed-use development over the next 10 years, and was celebrated with city leaders, including Mayor Donna Deegan, Congressman Aaron Bean, City Council President Randy White, and Council Member Jimmy Peluso. When completed, Pearl Square will bring over 1,250 residential units, 200,000 square feet of expansive retail spaces, and inviting public parks, offering a vibrant community in Jacksonville’s urban core.

A Vision for a Revitalized Downtown

Pearl Square is a public-private partnership, backed by JWB Real Estate Companies, DLP Capital, and Bryan Moll of Gateway Jax. This collective effort, alongside key city leaders, is set to transform Jacksonville’s downtown by creating a community-centered environment. The project aims to attract more residents, businesses, and visitors, fostering economic growth and enhancing the quality of life for everyone who lives, works, and plays downtown.

Located centrally, Pearl Square will be built in phases over the next few years. With over 1,250 residential units and 200,000 square feet of retail space, this development will bring density, energy, and diversity to Jacksonville. The project is designed to provide a live-work-play environment that draws new and long-time residents alike, building a sense of community and connection.

Key Leaders and Partners Shaping Pearl Square

This project highlights Jacksonville’s dedication to revitalizing downtown through collaboration and shared vision. Mayor Donna Deegan spoke on the city’s commitment to expanding housing options and creating spaces where people can gather and thrive. The project also received support from Congressman Aaron Bean, City Council President Randy White, and Council Member Jimmy Peluso, all of whom recognize Pearl Square’s impact on Jacksonville’s long-term growth. Their involvement reinforces a commitment to enhancing infrastructure, encouraging local business growth, and nurturing a sense of community in the city center.

Economic Impact and Future Growth

Pearl Square will make a significant economic impact on Jacksonville, generating new jobs and attracting businesses ready to establish roots in a growing downtown. With its retail spaces, the development will support local and national businesses alike, drawing visitors, encouraging residents to spend more time downtown, and adding value to the area.

This investment in Jacksonville’s urban core is expected to spur further development, raising property values and fostering an environment ripe for business and residential expansion.

The Gateway to Jacksonville’s Future

Pearl Square stands as more than a development—it represents a bold commitment to creating a dynamic, inclusive, and sustainable urban hub. Through a thoughtful blend of residential, retail, and recreational spaces, Pearl Square will serve as a catalyst for further growth and opportunity in Jacksonville. This ambitious project, led by JWB Real Estate Companies, DLP Capital, and Gateway Jax, reflects a unified vision for a vibrant, accessible downtown that serves residents and visitors alike.

As Pearl Square takes shape, it embodies the collective drive to honor Jacksonville’s roots while advancing a vision for the future. Stay tuned to Develop Jacksonville for updates on Pearl Square and the other exciting projects transforming our city’s landscape.

Photos by Fun To Watch

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