Article by Lisa McDuffie | ConnectCRE | To view the full article, click HERE.
Origin Investments and RISE have acquired a 13-acre parcel for a $85 million, 331-unit ground-up development in the Jacksonville, FL submarket of Baymeadows.
The partners now have three active FL projects, including Linden House, a $60.1 million, 295-unit development in Jacksonville, and Horizon at Sereno, a $84 million, 320-unit development near Tampa.
The Class A Baymeadows project will have a four-story, double donut garden-style structure with one-bedroom (49%), two-bedroom (43%) and three-bedroom (8%) units. Community amenities may include pool, indoor fitness area, flexible workspace area and club room.
The Baymeadows submarket is nine miles, or 15 minutes, southeast of downtown Jacksonville.
The development team for Baymeadows also includes RISE Construction as the general contractor, Charlan Brock Architects as architects and England-Thims & Miller as civil engineer.