Vestcor and Group 4 Design have received approvals from Jacksonville to begin construction on two affordable apartment complexes, in different parts of town.
The Vestcor Cos. received a $13.1 million permit for the construction of the Gavin Point Apartments on the town’s Southside at 4025 Salisbury Road. The 105-unit affordable complex will be four stories and 102,800 square feet. Vestcor has a handful of developments up and going in and around Jacksonville.
Group 4 Design, received three permits totaling $13.2 million on behalf of Ability Housing. The nonprofit will construct three buildings, each with 30 units, at 5051 Harlow Blvd., called Village at Cedar Hills (photo).
Each apartment building is 32,568 square feet and three stories. Ability Housing purchased 7.2 acres of land for the project in 2021 for $950,000. The company plans to convert a vacant Northside elementary school into apartments beginning this summer.
The post Two Jax Affordable Housing Projects Moving Forward appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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