Construction is now underway on Pearl Square’s second major development site at 425 W. Beaver St. This 286-unit mixed-use project is poised to reshape the city center with new apartments, retail, and a pedestrian-friendly design. This site is projected to be completed in 2027 and will cost approximately $110 million. Block N4 broke ground in May 2025.

Block N4 received a $14.1 million Recapture Enhanced Value Grant and $6.84 million completion grant from the Downtown Investment Authority for a minimum six-story building to include at least 266 residential units and 19,155 square feet of leasable retail space. The block is bounded by Union, Pearl, Beaver, and Clay streets.