It’s set to be one of the largest-ever urban core revitalizations in the United States — costing over $2 billion.
JACKSONVILLE, Fla. — A proposed two billion dollar project for Downtown Jacksonville is being called one of the largest urban core revitalizations in the entire country. It could cost over $2 billion.
The first phase of the development has been approved by the Downtown Development Review Board.
Wednesday, the city of Jacksonville announced Florida development team Gateway Jax bought 20 blocks of property.
The company’s short term plans include remodeling three buildings on Pearl Street. The plan for these buildings includes 1000 multi-family units, a grocery store and a “variety of new public spaces,” according to a release from Gateway Jax.
Longterm plans include creating “interconnected, walkable neighborhoods.”
Gateway Jax hopes to break ground in 2024.
Renderings of the project can be seen below.
