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Blue Ridge sold the Reserve at Jacksonville Commons apartment complex in Jacksonville for $54 million. The buyer was Southwood Realty. The Reserve at Jacksonville Commons, which has 384 units, was built in the early 2000s and features one-, two- and three-bedroom apartments. Monthly rents range from $1,215 to $1,595, with sizes from 840 to 1,340 ...
The post Blue Ridge Offloads 384-Unit Jax Apartment Community appeared first on Connect CRE.

Related Group has broken ground on the Southbank Residences, a 25-story mixed-use development along Jacksonville’s St. Johns River. This $200 million project marks the first new luxury high-rise along the Downtown riverfront in over a decade. Southbank Residences will deliver 395 luxury rental residences across two towers, anchored by a 4,500-square-foot waterfront restaurant and rooftop ...
The post Related Group Building 25-Story Jax Luxury Rental Community appeared first on Connect CRE.

Madison Realty Capital originated a $91.8 million construction loan to Alta Developers for the development of Alta Sunset, a 314-unit multifamily project located at 6075 Sunset Drive in South Miami, Florida. Upon completion, the property will rise ten-stories featuring 314 one- and two-bedroom homes, complemented by 5,444 square feet of ground-floor retail. Amenities include a ...
The post Alta Developers Lands $91.8M Construction Loan for Miami Apartments appeared first on Connect CRE.

Floridays Development is heading up a team to bring a four-story, 120-key Compass Hotel by Margaritaville to Tampa. The Tampa Bay Business Journal reports that the project, at 120 Bayview Drive, will adopt Evie’s at Spanish Point restaurant and tiki bar to be part of the waterfront hotel. Construction is expected to start within the ...
The post Sarasota Lands Margaritaville-Branded Hotel appeared first on Connect CRE.
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