As of 2024[update], the first phase has been built, linking Interstate 10 (I-10) near Whitehouse with SR 21 (Blanding Boulevard) in the Middleburg area.

The highway continues through the suburban outskirts of Jacksonville before crossing into Clay County following the interchange with Argyle Forest Boulevard/Oakleaf Plantation Parkway.

The highway continues for roughly a mile (1.6 km), passing by St. Vincent's Hospital, until it reaches its current southern terminus at SR 21 (Blanding Boulevard) near Middleburg.

[2] Funding for the $1.8 billion project will be competitively bid as a public-private partnership (PPP) opportunity for private sector businesses.

The awarded contractor(s) will serve as the concessionaire to design, build, finance, operate and maintain the beltway.

The Florida Department of Transportation (FDOT) is currently engaging private contractors in a competitive bidding process.

[4] In August 2011, FDOT announced that the Florida's Turnpike Enterprise will be taking on the $291 million project of turning the 15-mile (24 km) stretch into a tollway.

Construction on the second phase of the expressway, from SR 21 (Blanding Boulevard) to Green Cove Springs started in October 2019 and is expected to be completed in the second half of 2025.