The 397 unit Seagrass Apartments just sold for $56.7M, or $143K per unit. The property is located off San Pablo Road, on the Intracoastal waterway. Andrew Thurlow with the Jacksonville Business Journal has the whole story.
Tags » Multifamily
Developers announced that construction on the condominium project “Aphora at San Pablo” will begin construction this year. The project, located at JTB and San Pablo Road will consist of 57 units, and construction is estimated to take 22 to 24 months. 32 more words
The Southbank 28-acre riverfront site has plans to be a mixed-use development with some 1,000 multifamily units and 200,000 SF of retail space. It was up for a vote by the JEA board to keep moving forward with what will be a game-change for the Southbank; UPDATE – that JEA vote approved the sale. 9 more words
Top 5 Predictions for the Multifamily Sector in 2015
Via nreionline.com, written by Susan Piperato
In the year ahead, demand for multifamily properties in urban areas and in the affordable housing sector will continue increasing, while appetite for luxury condos may slow down, predicts Byron Carlock, Jr., U.S real estate practice leader with consulting firm PwC. 184 more words
Andrew Thurlow of the JAX Business Journal reports on the hottest commercial real estate sector, apartments.