Jacksonville, Florida, December 30, 2025
In recent days, Jacksonville has experienced significant advancements including a $130 million investment for the University of Florida’s graduate campus, the establishment of a new Publix in downtown, the sale of local malls, and a merger involving Rayonier Inc. These developments aim to enhance the city’s economy and infrastructure, providing new opportunities for residents and businesses alike.
Jacksonville’s Major Developments: UF Campus, Downtown Publix, Mall Sales, and Rayonier Merger
Jacksonville, Florida – In the past 48 hours, Jacksonville has witnessed significant business developments, including the advancement of the University of Florida’s (UF) graduate campus, the introduction of a new Publix in downtown, the sale of local malls, and a merger involving Rayonier Inc.
University of Florida’s Graduate Campus Progresses
The Jacksonville City Council has unanimously approved a $130 million deal to support the University of Florida’s new graduate campus in the LaVilla neighborhood. This investment includes a $50 million cash contribution and the transfer of over 20 acres of land to UF. The campus aims to offer graduate-level programs in business, health sciences, engineering, law, and architecture, with plans to launch classes in existing facilities by fall 2026. The project is expected to create approximately 250 permanent jobs and 4,000 construction jobs over its first two phases.
New Publix Store in Downtown Jacksonville
Publix has agreed to open a new grocery store in downtown Jacksonville as part of Gateway Jax’s Pearl Square development. The store will be located in a 14-story mixed-use tower at 119 W. Beaver St., which also includes 259 residential units and integrated parking. This development is part of a broader $2 billion investment by Gateway Jax, aiming to revitalize the downtown area with over 1,250 new residential units and 200,000 square feet of retail space.
Sale of Local Malls
Recent transactions have led to the sale of several local malls, signaling a shift in Jacksonville’s retail landscape. Specific details regarding the buyers and future plans for these properties have not been disclosed, but the sales are expected to impact the local economy and retail environment significantly.
Rayonier Inc. Merger
Rayonier Inc., a leading timberland real estate investment trust, has announced a merger with a private equity firm. The merger is valued at approximately $2.5 billion and is expected to close in the first quarter of 2026. This strategic move aims to enhance Rayonier’s operational efficiency and expand its market presence in the timberland sector.
Background Context
Jacksonville has been actively pursuing initiatives to bolster its economy and infrastructure. The UF graduate campus is part of a broader effort to position the city as a hub for higher education and research. The introduction of Publix in downtown is expected to attract more residents and businesses to the area, contributing to its revitalization. The sale of local malls reflects changing consumer behaviors and the evolving retail market. Rayonier’s merger is a strategic response to industry trends, aiming to strengthen its position in the timberland market.
Key Features
| Development | Details |
|---|---|
| UF Graduate Campus | $130 million investment, 20+ acres of land, programs in business, health sciences, engineering, law, and architecture, classes start fall 2026. |
| New Publix Store | Located in 14-story mixed-use tower at 119 W. Beaver St., includes 259 residential units and parking, part of $2 billion Gateway Jax investment. |
| Sale of Local Malls | Recent transactions have led to the sale of several local malls, signaling a shift in Jacksonville’s retail landscape. Specific details have not been disclosed. |
| Rayonier Inc. Merger | Merger valued at approximately $2.5 billion, expected to close in Q1 2026, aiming to enhance operational efficiency and market presence. |
FAQ
What is the University of Florida’s graduate campus project in Jacksonville?
The University of Florida is establishing a graduate campus in Jacksonville’s LaVilla neighborhood, offering programs in business, health sciences, engineering, law, and architecture, with classes starting in fall 2026.
Where will the new Publix store be located in downtown Jacksonville?
The new Publix store will be part of a 14-story mixed-use tower at 119 W. Beaver St., which also includes residential units and parking.
What does the sale of local malls mean for Jacksonville?
The sale of local malls indicates a shift in Jacksonville’s retail landscape, with potential impacts on the local economy and consumer shopping habits. Specific details about the buyers and future plans for these properties have not been disclosed.
What is the value of Rayonier Inc.’s merger?
Rayonier Inc. has announced a merger valued at approximately $2.5 billion, expected to close in the first quarter of 2026.
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Author: STAFF HERE JACKSONVILLE WRITER
The JACKSONVILLE STAFF WRITER represents the experienced team at HEREJacksonville.com, your go-to source for actionable local news and information in Jacksonville, Duval County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Jacksonville Jazz Festival, Riverside Arts Market, and World of Nations Celebration. Our coverage extends to key organizations like the Jacksonville Chamber of Commerce and JAXUSA Partnership, plus leading businesses in logistics, healthcare, and entertainment that power the local economy such as CSX Corporation, Baptist Health, and VyStar Credit Union. As part of the broader HERE network, including HEREOrlando.com, HEREStPetersburg.com, HERETallahassee.com, and HERETampa.com, we provide comprehensive, credible insights into Florida's dynamic landscape.
