N4 at Pearl Square | May 2026 Construction Update

https://www.youtube.com/watch?v=2ETe96QXjyQ 5/19/26 Construction continues to advance at N4 at Pearl Square in downtown Jacksonville, Florida, as FaverGray progresses work on this luxury mixed-use multifamily community within the city’s rapidly evolving urban core. Captured in the latest drone update video, the development continues to transform the skyline along Clay Street while showcasing the growing scale and presence of the project within the larger Pearl Square district. Located at 715 Clay Street, N4 will deliver 286 apartment homes alongside approximately 19,000–20,000 square feet of ground-floor retail space designed to support a more connected, walkable, and activated downtown living experience. Progress Across the Site Recent construction activity reflects continued momentum throughout multiple portions of the development as the residential, retail, parking, and infrastructure components continue advancing together. From aerial views, the overall layout and architectural scale of the project are becoming increasingly visible. The drone footage highlights how the building integrates into the surrounding Pearl Square neighborhood while also revealing the relationship between the residential structures, retail frontage, streetscape improvements, and future pedestrian connectivity throughout the district. As work progresses, the project continues to contribute to the ongoing transformation taking place throughout downtown Jacksonville. Designed for Modern Urban Living N4 is designed to provide a modern multifamily living experience centered around connectivity, convenience, and activated community spaces. Planned amenities include: Fitness Center Club Room Theater & Lounge Space Integrated Venue Space Two-Level Structured Parking Garage Walkable Retail Environment Pedestrian-Friendly Streetscape Connections The development is positioned within the larger Pearl Square vision, which emphasizes vibrant public spaces, enhanced walkability, bike connectivity, and integrated mixed-use experiences throughout the downtown core. Construction & Building Systems FaverGray’s scope for N4 includes residential construction, retail integration, structured parking, infrastructure improvements, and public realm enhancements across the site. The building incorporates a flood-resilient structural design consisting of two concrete podium levels transitioning into wood-frame residential construction above. The project also includes post-tensioned concrete slabs on grade along with exterior materials such as fiber cement siding and stone accents designed to support long-term durability and a cohesive urban architectural character. In addition to the vertical construction, ongoing infrastructure and site improvements include utility connections, hardscape features, landscaping, irrigation, paving, sidewalks, and pedestrian-oriented public realm enhancements that will support the long-term functionality of the community and surrounding district. Supporting Downtown Jacksonville’s Growth N4 represents more than a multifamily development — it reflects the continued investment, growth, and momentum shaping downtown Jacksonville’s future. FaverGray is proud to partner with Gateway Jax on a project that contributes to the revitalization of the urban core while helping create a more connected and experience-driven downtown environment. Watch the latest drone construction update video to see the continued progress taking place at N4 at Pearl Square.

Ambassador Garage

The Enclave at Deer Moss Creek will be a luxury multifamily community. Located at 1000 Deer Moss Loop in Niceville, the 303-unit community will be available to residents in 2024.

April Construction Update: N4 Project Advancing in Downtown Jacksonville

4/13/26 Downtown Jacksonville continues to experience a meaningful transformation—driven by renewed investment, thoughtful development, and a shared vision for a more connected, vibrant urban core. The N4 Project is a reflection of that momentum, and as April progress continues, the impact of this development is becoming increasingly visible. In partnership with Gateway Jax, this project represents a strategic step forward in shaping the next chapter of downtown’s growth. A Mixed-Use Vision Taking Shape Rising on a 1.27-acre site in the heart of Downtown Jacksonville, the N4 Project is a seven-story mixed-use development designed to bring lasting energy and connectivity to the urban core. The project will deliver 286 apartment homes along with approximately 19,000 to 20,000 square feet of street-level retail across five distinct bays. This blend of residential and commercial space is intentionally designed to activate the streetscape, support walkability, and contribute to a more dynamic downtown experience. As vertical construction continues, the scale and presence of N4 are beginning to define its role within the evolving cityscape. Designed for Urban Living At its core, N4 is about creating a place where people can live, connect, and engage with the city around them. The community will feature thoughtfully integrated amenities, including: A fully equipped fitness center A club room with theater, lounge, and flexible event space A two-level integrated parking garage seamlessly built into the structure Each element is designed to enhance the daily living experience while fostering connection—both within the building and throughout the surrounding neighborhood. April Progress: Building Momentum Recent progress highlights the steady advancement of the structure, with each phase bringing greater clarity to the project’s overall vision. From the ground level activation to the rising residential floors, N4 is quickly taking shape as a key component of Downtown Jacksonville’s revitalization. Drone views and on-site activity underscore the pace and precision of construction—marking another strong month of forward movement. A Broader Impact More than just a multifamily development, N4 represents a commitment to thoughtful urban growth. Projects like this play a critical role in strengthening downtown environments—bringing residential density, supporting local businesses, and creating spaces where community can thrive. We’re proud to partner with Gateway Jax on a development that aligns with a shared vision for a stronger, more connected Downtown Jacksonville. As construction continues, N4 stands as a visible reminder that downtown’s story is still being written—one defined by progress, opportunity, and long-term investment in the city’s future. Stay tuned for continued updates as this vision continues to rise.

April Construction Update: N11 at Pearl Square Continues to Rise in Downtown Jacksonville

https://www.youtube.com/watch?v=HtRBB7jCZ20 4/13/26 Location: Jacksonville, FloridaProject Type: MultifamilyUnits: 205 Construction continues to gain momentum at N11 at Pearl Square in Jacksonville, Florida, as this transformative multifamily development takes shape in the heart of Downtown. As the first vertical project within the reimagined Pearl Square district—formerly known as the Pearl Street District—N11 is more than just a building; it represents the beginning of a new era for Jacksonville’s urban core. A Defining Moment for Downtown Jacksonville Positioned at the forefront of one of the city’s most ambitious redevelopment efforts, N11 is helping set the tone for what’s to come. The Pearl Square district is envisioned as a vibrant, walkable environment where residential, retail, and community spaces come together—bringing renewed energy, connectivity, and opportunity to Downtown Jacksonville. As the first building to rise within the district, N11 is laying the foundation—both physically and symbolically—for the future of this evolving neighborhood. Project Overview: Scale, Design, and Purpose Spanning 191,032 gross square feet, N11 is a seven-story multifamily community that will deliver 205 apartment units alongside 24,008 square feet of retail, commercial, and storage space. This intentional mix of uses is designed to activate the streetscape and contribute to a more dynamic, connected downtown experience. The residential portion includes 136,093 rentable square feet and features a mix of studio, one-bedroom, and two-bedroom floorplans. Each unit is thoughtfully designed to support modern urban living, offering efficient layouts and elevated finishes tailored to today’s renter. Designed for the Way People Live Today N11 at Pearl Square is centered around a lifestyle-driven approach, offering 5,625 square feet of amenity space designed to support both productivity and relaxation. Residents will have access to: A modern clubhouse and resident lounge A fully equipped fitness center Dedicated Zoom rooms for remote work A second-floor pool deck for outdoor living and social connection These amenities reflect the evolving expectations of renters, where flexibility, convenience, and community are key components of everyday living. Building Momentum With each passing month, visible progress continues to reinforce the scale and significance of this project. From early sitework through vertical construction, N11 is steadily advancing toward becoming a cornerstone of the Pearl Square district. More than just a multifamily development, N11 represents a broader commitment to thoughtful urban growth and high-quality construction. As work continues, the project will play a key role in shaping a more vibrant, connected, and livable Downtown Jacksonville. April’s progress marks another important step forward—bringing this vision closer to reality and setting the stage for what’s next at Pearl Square.

Ellison Nona Construction Update: February Progress from Above

https://www.youtube.com/watch?v=TJFA9xoUnxo 2/16/26 Construction activity at Ellison Nona continues to advance steadily as we move further into the new year. February’s progress reflects the coordinated effort of our teams on site, with multiple buildings showing significant structural advancement and the overall community layout becoming increasingly defined. Recent aerial footage highlights continued vertical construction across the property, with framing and exterior progress clearly visible on several residential buildings. Sitework operations remain active as infrastructure installation and grading continue to support upcoming construction phases. Early amenity areas are also beginning to take more recognizable form, offering a preview of the lifestyle-focused spaces that will ultimately serve future residents. As the project evolves, the scale of the 377-unit community is becoming more apparent from above. The drone perspective captures not only the physical progress, but also the sequencing and organization required to maintain efficiency across a development of this size. Located in the rapidly growing Lake Nona submarket, Ellison Nona continues to benefit from its position within one of Central Florida’s most sought-after corridors for residential growth. The surrounding area’s continued expansion in healthcare, technology, and employment hubs reinforces the long-term value and demand for thoughtfully designed multifamily housing in this region. Our team remains focused on maintaining momentum, quality, and safety as construction progresses into the coming months. We look forward to sharing additional milestones as Ellison Nona continues to rise. 🎥 Watch the latest drone video below to see February’s progress from above. https://youtu.be/TJFA9xoUnxo

Rising in Pearl Square: N11 Construction Progress in Downtown Jacksonville

https://youtu.be/tkunwVfz8bw 2/16/26 In the heart of downtown Jacksonville, progress is becoming visible. Our latest construction update video highlights the continued momentum at N11 — the first residential building within the emerging Pearl Square district developed by Gateway Jax. As the structure rises, the project is beginning to define the future streetscape and energy of this transforming neighborhood. The seven-story mixed-use community will include 205 residential units along with retail and commercial space, helping establish a vibrant live-work-connect environment in the urban core. What makes N11 especially meaningful is its role as an early catalyst. As the first building to break ground within the broader Pearl Square vision, it represents the starting point of a much larger transformation planned across multiple downtown blocks. In the field, our team remains focused on coordination, sequencing, and maintaining forward momentum. Every phase — from structural progress to exterior detailing — moves the project closer to becoming a place where residents will live, gather, and experience downtown Jacksonville in a new way. There’s something powerful about watching a project transition from plans on paper to a physical presence in the skyline. With each milestone, N11 reinforces the confidence and investment shaping Jacksonville’s urban core. We’re proud to be part of a development that contributes to the long-term growth of downtown and excited to continue sharing progress along the way. Stay tuned for more updates as construction advances.

Building Momentum in Downtown Jacksonville: A Look at the N4 Project

https://www.youtube.com/watch?v=DeUKjtJrZV8 2/10/26 Downtown Jacksonville is in the midst of a meaningful transformation—one defined by renewed investment, thoughtful urban development, and a shared commitment to building a more connected, vibrant city. The N4 Project is a reflection of that momentum, and we’re proud to play a role in shaping the next chapter of downtown’s growth alongside Gateway Jax. Rising on a 1.27-acre site in the heart of the urban core, the N4 Project is a seven-story mixed-use development designed to bring life, energy, and long-term value to Downtown Jacksonville. With 286 apartment units and 19,000–20,000 square feet of street-level retail across five bays, the project is intentionally designed to support walkability, activate the streetscape, and encourage a stronger sense of community. From the earliest stages, this project has been about more than constructing a building—it’s about contributing to the broader revitalization of Downtown Jacksonville. Mixed-use developments like N4 play a critical role in urban renewal, creating places where people can live, work, gather, and invest in the city’s future. Inside, the building will offer amenities that enhance everyday downtown living, including a fitness center, a club room with a theater, lounge, and flexible event space, and a two-level integrated parking garage seamlessly incorporated into the structure. These spaces are designed to foster connection—between residents, neighbors, and the surrounding city. Seeing the project from above through recent drone footage highlights just how much progress has been made—and how impactful this development will be once complete. Each floor, each detail, and each phase of construction represents another step forward for Downtown Jacksonville. As builders, we believe construction has the power to shape communities in lasting ways. Being part of projects like N4—projects that support smart growth, urban density, and long-term investment—is something we don’t take lightly. We’re proud to collaborate with Gateway Jax on a development that aligns with a shared vision for a stronger, more vibrant downtown. Downtown Jacksonville’s story is still being written. The N4 Project is one chapter in a much larger narrative—one rooted in progress, possibility, and pride in the city we’re helping to build. Stay tuned for continued updates as construction moves forward and this vision becomes reality.

The Trey (Windermere Cay)

The Enclave at Deer Moss Creek will be a luxury multifamily community. Located at 1000 Deer Moss Loop in Niceville, the 303-unit community will be available to residents in 2024.

Vandeveer (N11)

The Enclave at Deer Moss Creek will be a luxury multifamily community. Located at 1000 Deer Moss Loop in Niceville, the 303-unit community will be available to residents in 2024.

FaverGray Wins ABC Excellence in Construction Eagle Award for The Station at San Marco

8/21/24 We are excited to announce that FaverGray has been honored with an ABC Excellence in Construction Eagle Award for our work on The Station at San Marco. This 345-unit apartment complex, located on Hendricks Avenue, is a prime example of urban, infill mixed-use development that blends modern living with the rich history of San Marco. The project features a five-story building with 5,000 square feet of ground-level retail space and a parking garage. Top-notch amenities include rooftop pool and a sky lounge overlooking the vibrant San Marco district and downtown Jacksonville. The apartments, ranging from studio to two-bedroom units, provide a variety of living options, with floor plans from 557 to 1,414 square feet. This award recognizes FaverGray’s commitment to excellence in construction and innovation, as well as our dedication to enhancing urban communities like San Marco. We are proud to have contributed to this exciting development and look forward to seeing The Station at San Marco become a vibrant part of the neighborhood.  

CEO |

James a. Gray

Gray co-founded FaverGray in 2005 and has more than 45 years of experience in design and construction management in the residential, commercial and industrial market sectors. As CEO, Gray is responsible for leading the development of FaverGray’s short and long term strategy, creating and implementing FaverGray’s vision and mission, maintaining awareness of the competitive market landscape, evaluating expansion opportunities and industry developments, maintaining social awareness and responsibility within FaverGray’s market sectors, assessing and managing corporate risks and management of banking and surety relationships.