Article by: Karen Brune Mathis | Jax Daily Record | To view full article, click HERE.
The city issued 15 permits Sept. 15 for construction of the 300-unit Seven Pines apartment and townhouse project at the southeast quadrant of Butler Boulevard and Interstate 295.
Elkins Construction LLC is the contractor of the project, comprising apartment, clubhouse, garage and maintenance buildings, at a cost of $55.91 million.
The address is 11830 Buckfield Circle.
The Spectrum Companies and FCA Partners announced Jan. 18 they bought 13 acres in the master-planned Seven Pines community in Jacksonville and planned 280 apartments and 20 town houses.
Charlotte, North Carolina-based Spectrum expected construction would begin in the second quarter of 2022.
Carly Hawkins, marketing director of The Spectrum Companies, said Sept. 16 the apartments should open at the end of 2023.
Hawkins said there was not a name yet. Additional information, including a website, should be available next year.
Spectrum, a Southeast commercial real estate development and management company, said in January it planned four four-story buildings for the apartments, which include elevators.
Permits show two 80-unit and two 60-unit structures.
Spectrum said finishes include granite/quartz countertops, high-end cabinets, subway tile backsplashes, stainless appliances and up to 10-foot ceilings.
The three-story carriage-style town houses will feature direct-access, tuck-under garages.
Permits show five buildings of three to five units.
Amenities include a stand-alone clubhouse, saltwater pool, fitness center, sun deck, walking trail network, pet park and grilling stations.
“The Spectrum Companies and FCA Partners are grateful to the Skinner family for selecting us to help expand the housing options in Seven Pines,” said Spectrum Managing Director for Florida Craig Miller in the January news release.
“From the first day we walked onto the property, we knew how important our task was to design a community that celebrates the property’s history as a family gathering place and also sets the tone for future development of the Seven Pines village center,” he said.
The Skinner family sold land Dec. 21 to Stillwood Associates LLC for apartment development.
Through Sawmill Timber LLC, the Skinners sold the property to Stillwood, which is affiliated with The Spectrum Companies for almost $4.58 million.
The Skinner family owns the more than 1,000-acre Seven Pines land at southeast I-295 and Butler Boulevard near St. Johns Town Center. The family has been using the property for family gatherings.
When built-out, Seven Pines will include more than 1,500 single-family homes and a village center.
“Seven Pines is an important part of the Skinner family’s legacy and our vision is to make it a gathering place for families as it has been for ours for many generations,” said family representative A.C. Chester “Chip” Skinner III in the January news release.
“With The Spectrum Companies, we have found a partner that shares this vision.”
Spectrum owns, develops, leases and manages commercial and multifamily properties across the Southeast, with a portfolio valued at more than $2 billion.
Spectrumcompanies.com says the companies have developed 49 commercial projects including more than 4,400 apartment units and 3.7 million square feet of office and mixed-use space.
The companies have properties under management or leasing and apartments in a portfolio valued at $2 billion.
Its primary markets are in North Carolina, South Carolina, Florida and Tennessee.
“Seven Pines is a perfect fit with our strategy of delivering best-in-class apartment homes in high-growth Southeast markets,” said Spectrum CEO Steve McClure in the release.
Win Kelly, principal and director of acquisitions for FCA Partners, said the group has invested with Spectrum on several multifamily communities.
“We look forward to working together again and view Seven Pines as an excellent opportunity to create value for our investors in a dynamic, high-growth market,” Kelly said.
FCA Partners is based in Charlotte.
The news release said Tyler Nilsson and Erik Bjornson of Newmark brokered the land sale.
BB+M Architecture is providing architecture and interior design services for the project. England, Thims & Miller, Inc. is the civil engineer, and Land Design is the landscape architect.