JUNE 5 TO JUNE 11, 2025 | JAXDAILYRECORD.COM
BUSINESS & LEGAL NEWS IN BAKER, CLAY, DUVAL, NASSAU AND ST. JOHNS COUNTIES
PEARL SQUARE EVOLVES, EXPANDS
INSIDE
MATHIS REPORT
End comes for the inside of Regency Square Mall PAGE 6
CITY GOVERNMENT
3 candidates selected to interview for DIA CEO job PAGE 3 Provided by Gateway Jax
Pearl Square looking at the building in Block N4, now called 425 Beaver St. The building will include 286 multifamily units, nearly 20,000 square feet
of retail space and on-site parking. Gateway Jax broke ground on the project May 29.
Gateway Jax says the development, now encompassing nine properties, will provide “everything an individual may need on a daily basis.” BY RIC ANDERSON ASSOCIATE EDITOR
A
s 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
Bryan Moll, principal of Gateway Jax, speaks at the groundbreaking May 29 for the second building of its Pearl Square development in Downtown Jacksonville. Previously known as Block N4, the site is bordered by Beaver, Clay, Pearl and Union streets.
Gateway’s $110 million mixeduse 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 N. Hogan St. A vacant block bounded by
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Costco gas station rejected Costco wanted to add 12 fuel pumps with 24 fueling stations, a fuel kiosk enclosure, curbing and landscape islands to its store in Town Center. PAGE 10 WHAT’S TRENDING
City gains fourth Fortune 500 firm Jacksonville’s largest company had been excluded from the Fortune 500 in past years. PAGE 2
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CITY GOVERNMENT
THE BASCH REPORT
REAL ESTATE
Fidelity wants to make another move to Nevada
Top 10 home sales of the week
A decade after Fidelity Chairman Bill Foley moved to Las Vegas to run his National Hockey League team, the city is becoming the center of much of the title insurance company’s activities. PAGE 11
Oceanfront condo in Fernandina Beach features three bedrooms, three baths, wraparound balcony and more. PAGE 12
VOLUME 112, NO. 30 | TWO SECTIONS | PUBLISHED SINCE 1912