APRIL 9 TO APRIL 15, 2026 | JAXDAILYRECORD.COM
BUSINESS & LEGAL NEWS IN BAKER, CLAY, DUVAL, NASSAU AND ST. JOHNS COUNTIES
GATEWAY JAX
INSIDE
ON THE RISE GOVERNMENT
Landing transatlantic service could exceed $13M PAGE 12
PEOPLE IN THE NEWS
Moody joins Gateway Jax; Cardona shifts to PHXJAX PAGE 6 Photo by Ric Anderson
Bryan Moll, principal of the Gateway Jax development, said workers have topped out the 286-unit multifamily development at 425 W. Beaver St., which also will include 17,500 square feet of retail space. Completion is expected in the second quarter of 2027, Moll said.
An agreement with Marriott and the launch of new projects are among the signs of progress in Pearl Square. BY RIC ANDERSON EDITOR
A
new name and hospitality partner for Gateway Jax’s proposed renovation of the Ambassador Hotel in Downtown Jacksonville is among the latest signs of progress in the Pearl Square district. Gateway Jax principal Bryan Moll recently provided a status report on the $750 million Pearl Square development, including an announcement that the Ambassador has been renamed Hotel
Merrydelle and will open as a Marriott Tribute Portfolio boutique hotel under a new agreement with the hospitality chain. The six-story hotel, which opened in 1924, Moll is at Church and Julia streets. It has been vacant and exposed to the elements for years, with unprotected window openings and boarded-up entrances. Moll also provided new details on the property, including that restaurant
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partner Indigo Road Hospitality Group plans an Italian restaurant on the ground floor of the renovated building. As for the new name, Moll said it was a tribute to Merrydelle Hoyt, a pioneering advocate in what became the Museum of Contemporary Art. It is the second Pearl Square property to be named for a historical figure in Jacksonville, following the Vandeveer mixed-use development at 515 N. Pearl St. That name refers to Thomas Vandeveer Porter, whose historic Porter House SEE GATEWAY JAX, PAGE 8
THE BASCH REPORT
Six years later, Stein Mart bankruptcy case set to close Stein Mart Inc., previously a large and profitable fashion retailer, filed for Chapter 11 bankruptcy and closed its stores in 2020. PAGE 10
REAL ESTATE
EverRange debuts its first neighborhood A grand opening is scheduled April 25 for the first neighborhood in the new EverRange master-planned community. PAGE 3
THE MATHIS REPORT
The June plans its soft opening The June membersonly club expects a soft opening this summer and a grand opening in September. PAGE 4
VOLUME 113, NO. 22 | TWO SECTIONS | PUBLISHED SINCE 1912