As the Pearl Square development in Downtown Jacksonville comes out of the ground, it’s also growing in acreage and size of investment.

Gateway Jax, which held a groundbreaking May 29 for its second Pearl Square building, reports that the development has grown to nine properties and a cost of $750 million. The original plan was for five properties and a $419 million investment.

As construction begins on Gateway’s $110 million mixed-use project at 425 Beaver St., the properties now involved in Pearl Square also include:

515 Pearl St., which broke ground in October 2024 as Pearl Square’s first project.

The “lighthouse” parking garage bounded by Union, Julia, Beaver and Pearl streets.

A parking garage to the east of the lighthouse garage.

The former First Baptist Church auditorium at 712

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