Jacksonville New Construction & Proposed Multifamily Projects 1Q20
ID PROPERTY UNITS 3 San Marco Promenade 284 63 6 Riverside St. Johns 125 Total Lease Up 409 60 62 23 28 13 Vista Brooklyn 308 31 55 64 17 San Marco Crossing 290 61 30 Total Under Construction 598 57 58 25 23 233 West Duval Street 140 13 24 San Marco Crossing Phase II 196 MOSH 25 Atlantica Isles 285 Temporarily Closed32 26 26 District, The 552 59 54 27 Hendricks Avenue 345 27 56 6 28 Johnson Commons Mixed Use 107 29 29 Kings Avenue Station 90 Ascension St Vincent’s 17 30 Lofts at Cathedral 140 Riverside Hospital 24 65 31 Old Independent Life Building 140 3 32 South Shore 185 66 51 Total Planned 2,180
51 San Marco Promenade Phase II 226 54 District Phase II, The 618 55 District, The 100 56 Edgewood Avenue 101 57 Enclave on the Bay 272 58 Jacksonville Jaguars Lot J 500 59 Kings Avenue Station Phase II 300 60 La Villa 285 61 LaVilla Townhomes 70 62 North Julia Street 200 67 63 Springfield Lofts 78 64 Union Terminal Warehouse Redevelopment 185 65 East San Marco 280 66 Park Place at San Marco 135 67 Roosevelt Square Redevelopment 100 Total Prospective 3,450 2000 ft Source: Yardi Matrix
LEGEND Lease-Up Under Construction Planned Prospective Jacksonville New Construction & Proposed Multifamily Projects 1Q20
Blount Island
ID PROPERTY UNITS 36 2 Bainbridge Town Center East 276 74 4 Oasis at Town Center, The 328 73 5 Volaris West Kernan 301 8 Waters Ridge Phase II 72 Total Lease Up 977 53 33
10 Presidium at Town Center 370 8 14 Fusion 384 15 ETown Parcel E9 332 5 80 16 Satori Town Center 289 52 72 18 Gate Parkway 230 70 2 19 Gateway Village at Town Center 289 Total Under Construction 1,894
4 18 71 33 Terrabella 253 19 36 Fiddler`s Reef 456 16 Total Planned 709 10 68 69 79
52 Baywood Cove 86 14 53 Rivergate Townhomes 191 68 Amare Vita 208 69 Village Center 650 15 70 Beach & Kernan 198 71 Glen Kernan Pkwy & Hodges Blvd 970 72 Harbor Lights Jacksonville 215 73 11635 Tanager Drive 100 74 Deer Run in Buck Business Park 83 79 Shoppes of Ponte Vedra Beach 250 80 1st and 6th 50 Total Prospective 3,001 2 mi Source: Yardi Matrix
LEGEND Lease-Up Under Construction Planned Prospective Jacksonville New Construction & Proposed Multifamily Projects 1Q20
90
12 50 49 ID PROPERTY UNITS 78 43 44 89 1 Brisa at St. Augustine 256 Guana River Total Lease Up 256 Wildlife Management 11 Landing at St. Augustine, 87 Area The Phase II 315 86 47 12 Cue Luxury Living 296 20 Black Creek Village 81 88 Total Under Construction 692 20 Guana 43 Race Track & St. Johns Pkwy 400 85 Tolomato 44 Twin Creeks North Townhomes 206 Matanzas 45 79 Masters Drive 100 National... 46 Arbors at Lightsey Road, The 100 Twelve Mile 47 Silverleaf Plantation 210 Swamp 92 Total Planned 1,016 Conservation Area 49 Olea at Nocatee 175 50 Stanmore Wells Creek 280 94 78 Garden 250 85 RiverTown 500 86 Bridgewater 816 11 87 Greenbriar Downs 818 88 Longleaf Pine Parkway 333 93 89 Pavilion at Durbin Park, The 999 90 Springs at Flagler Center 240 45 91 Benchip 280 96 92 Cordova Palms 750 93 Court Theophelia 50 94 Cross County Plaza 50 95 Epic Village Townhomes 188 46 95 96 Hartshorn Street & West King Street 166 1 97 97 Moultrie Oaks Townhomes 66 91 Total Prospective 5,961 2 mi Source: Yardi Matrix
LEGEND Lease-Up Under Construction Planned Prospective Jacksonville New Construction & Proposed Multifamily Projects 1Q20
98 7 21 48 99 Amelia Island
ID PROPERTY UNITS Black 7 Vintage Amelia Island 224 Hammock 39 Total Lease Up 224 Island 38 81 9 Tapestry Westland Viilage 266 Timucuan 21 Wildlight 276 Ecological 22 Le Montage 50 and Historical 37 Total Under Construction 592 Preserve 40 Cary State 34 Lane Avenue 120 Forest 35 Collins Road Multi Residential 438 37 Calebs Cove 60 38 Eagle Landings 85 39 Parkway Shops North 300 40 Preserve at Island Pointe, The 192 41 4040 Ricker Road 60 34 42 Reserve at Oakleaf, The 270 41 48 Mills Creek Preserve 300 Total Planned 1,825 75 82 9 75 Cedar Station 120 77 35 76 Waypoint 339 42 76 77 Beauclerc Bay Redevelopment 106 81 Main Street North PUD 238 22 82 Saddle Brook Landings Phase II 216 83 Harmony at Baxley 86 Jennings 84 Landing, The 84 State Forest 84 98 Wildlight Phase II 721 83 99 William Burgess Blvd. & Harts Road 450 Total Prospective 2,360 5 mi Source: Yardi Matrix
LEGEND Lease-Up Under Construction Planned Prospective Jacksonville New Construction & Proposed Multifamily Projects
PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP
1 Brisa at St. Augustine 40 Brisa Avenue St. Augustine FL 32084 Lease-Up 256 St. Augustine 09/02/2019 10/31/2021 03/12/2020
2 Bainbridge Town Center East 5000 Kernan Blvd South Jacksonville FL 32224 Lease-Up 276 San Pablo 03/22/2019 12/31/2020 02/25/2020
3 San Marco Promenade 2600 Philips Hwy Jacksonville FL 32207 Lease-Up 284 South Jacksonville 07/23/2018 08/31/2020 12/06/2019
4 Oasis at Town Center, The 10667 Brightman Blvd Jacksonville FL 32246 Lease-Up 328 Pineland Gardens 11/01/2018 07/31/2020 06/25/2019
5 Volaris West Kernan 12517 Beach Blvd Jacksonville FL 32246 Lease-Up 301 Southridge 03/22/2019 06/30/2020 09/16/2019
6 Riverside St. Johns 555 Bishopgate Lane Jacksonville FL 32204 Lease-Up 125 College Park / Springfield 12/31/2017 06/30/2020 08/27/2019
7 Vintage Amelia Island 111 Vintage Way Fernandina Beach FL 32034 Lease-Up 224 Fernandina Beach 04/01/2019 05/31/2020 06/17/2019
8 Waters Ridge Phase II 2304 St. Johns Bluff Road South Jacksonville FL 32246 Lease-Up 72 Oakwood Villa 04/30/2018 04/30/2020 01/01/2019 Total Lease-Up 1,866
9 Tapestry Westland Viilage 6505 Collins Road Jacksonville FL 32244 Under Construction 266 Ortega Hills 08/26/2019 08/31/2021 10 Presidium at Town Center 7200 A C Skinner Pkwy Jacksonville FL 32256 Under Construction 370 Deerwood Club - West 02/03/2020 06/30/2021 Landing at St. Augustine, 11 The Phase II 100 Lasa Drive St. Augustine FL 32084 Under Construction 315 St. Augustine 12/16/2019 06/30/2021 12 Cue Luxury Living 13504 Citicards Way Jacksonville FL 32258 Under Construction 296 Bayard 05/20/2019 05/31/2021 13 Vista Brooklyn 200 Riverside Avenue Jacksonville FL 32202 Under Construction 308 College Park / Springfield 06/30/2019 02/28/2021 14 Fusion 8283 East Baymeadows Road Jacksonville FL 32256 Under Construction 384 Deerwood Club - East 02/08/2019 02/28/2021 15 ETown Parcel E9 9735 R G Skinner Pkwy Jacksonville FL 32256 Under Construction 332 Deerwood Club - East 07/01/2019 01/31/2021 16 Satori Town Center 10640 Satori Lane Jacksonville FL 32256 Under Construction 289 Deerwood Club - East 01/01/2019 01/31/2021 17 San Marco Crossing 2118 Kings Avenue Jacksonville FL 32207 Under Construction 290 South Jacksonville 02/03/2020 12/31/2020 18 Gate Parkway Deerwood Park Blvd & Gate Pkwy Jacksonville FL 32256 Under Construction 230 Deerwood Club - East 05/25/2019 12/31/2020 19 Gateway Village at Town Center SWC Deerwood Park Blvd & Gate Pkwy Jacksonville FL 32256 Under Construction 289 Deerwood Club - East 04/01/2019 12/31/2020 20 Black Creek Village 3103 Creek Village Lane Green Cove Springs FL 32043 Under Construction 81 Green Cove Springs 06/30/2018 06/30/2020 21 Wildlight Harper Chapel Road & State Road 200 Yulee FL 32097 Under Construction 276 Fernandina Beach 05/20/2019 05/31/2020 22 Le Montage 3050 East Old River Road Jacksonville FL 32223 Under Construction 50 Greenland 05/31/2016 04/30/2020 Total Under Construction 3,776
23 233 West Duval Street 233 West Duval Street Jacksonville FL 32202 Planned 140 24 San Marco Crossing Phase II 2118 Kings Avenue Jacksonville FL 32207 Planned 196 South Jacksonville 25 Atlantica Isles 1430 East Adams Street Jacksonville FL 32202 Planned 285 College Park / Springfield 26 District, The 801 Broadcast Place Jacksonville FL 32207 Planned 552 College Park / Springfield 27 Hendricks Avenue 1230 Hendricks Avenue Jacksonville FL 32207 Planned 345 College Park / Springfield 28 Johnson Commons Mixed Use Lee Street & Forsyth Street Jacksonville FL 32202 Planned 107 College Park / Springfield 29 Kings Avenue Station 1201 Kings Avenue Jacksonville FL 32207 Planned 90 College Park / Springfield 30 Lofts at Cathedral 325 East Duval Street Jacksonville FL 32202 Planned 140 College Park / Springfield 31 Old Independent Life Building 233 West Duval Street Jacksonville FL 32202 Planned 140 College Park / Springfield 32 South Shore NWC Palm Avenue & Prudential Drive Jacksonville FL 32207 Planned 185 College Park / Springfield 33 Terrabella 13723 Atlantic Blvd Jacksonville FL 32225 Planned 253 Beacon Hills Source: Yardi Matrix Yardi Source: Jacksonville New Construction & Proposed Multifamily Projects
PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP
34 Lane Avenue 1839 Lane Avenue South Jacksonville FL 32210 Planned 120 Cedar Hills 35 Collins Road Multi Residential Collins Road & Plantation Bay Drive Jacksonville FL 32244 Planned 438 Ortega Hills 36 Fiddler`s Reef 2781 Mayport Road Jacksonville FL 32233 Planned 456 Mayport 37 Calebs Cove 10325 Lem Turner Road Jacksonville FL 32218 Planned 60 Highlands 38 Eagle Landings 14670 Duval Road Jacksonville FL 32218 Planned 85 Highlands 39 Parkway Shops North Max Leggett Pkwy & Skymarks Drive Jacksonville FL 32218 Planned 300 Highlands 40 Preserve at Island Pointe, The 1000-1 Broward Ap & Broward Road Jacksonville FL 32218 Planned 192 Highlands 41 4040 Ricker Road 4040 Ricker Road Jacksonville FL 32210 Planned 60 Jacksonville Heights 42 Reserve at Oakleaf, The Argyle Forest Blvd & Merchants Way Jacksonville FL 32222 Planned 270 Jacksonville Heights 43 Race Track & St. Johns Pkwy Race Track Road & St. Johns Pkwy St. Augustine TX 32259 Planned 400 Bayard 44 Twin Creeks North Townhomes Country Road 210 & Interstate 95 St. Augustine Beach FL 32259 Planned 206 Bayard 45 79 Masters Drive 79 Masters Drive St. Augustine FL 32084 Planned 100 St. Augustine 46 Arbors at Lightsey Road, The Lightsey Road & Timberwood Drive St. Augustine FL 32084 Planned 100 St. Augustine 47 Silverleaf Plantation County Road 210 & St. Johns Pkwy St. Johns FL 32259 Planned 210 St. Augustine 48 Mills Creek Preserve Semper Fi Drive & Hwy A1A Yulee FL 32097 Planned 300 Fernandina Beach Total Planned 5,730
49 Olea at Nocatee Cross Town & Preservation Trail Jacksonville FL 32256 Prospective 175 50 Stanmore Wells Creek 11723 Wells Creek Pkwy Jacksonville FL 32256 Prospective 280 51 San Marco Promenade Phase II 2600 Philips Hwy Jacksonville FL 32207 Prospective 226 South Jacksonville 52 Baywood Cove Beach Blvd & US-19 Hwy Jacksonville FL 32216 Prospective 86 Pineland Gardens 53 Rivergate Townhomes 8159 Arlington Expwy Jacksonville FL 32211 Prospective 191 Oakwood Villa 54 District Phase II, The 801 Broadcast Place Jacksonville FL 32207 Prospective 618 College Park / Springfield 55 District, The 21 West Church Street Jacksonville FL 32202 Prospective 100 College Park / Springfield 56 Edgewood Avenue 840 Edgewood Avenue South Jacksonville FL 32205 Prospective 101 College Park / Springfield 57 Enclave on the Bay 300 East Bay Street Jacksonville FL 32202 Prospective 272 College Park / Springfield 58 Jacksonville Jaguars Lot J NEC Gator Bowl Blvd & North Georgia Street Jacksonville FL 32202 Prospective 500 College Park / Springfield 59 Kings Avenue Station Phase II 1202 Kings Avenue Jacksonville FL 32207 Prospective 300 College Park / Springfield 60 La Villa North Jefferson Street & West Beaver Street Jacksonville FL 32202 Prospective 285 College Park / Springfield 61 LaVilla Townhomes West Forsyth Street & Johnson Street Jacksonville FL 32204 Prospective 70 College Park / Springfield 62 North Julia Street 404 North Julia Street Jacksonville FL 32202 Prospective 200 College Park / Springfield 63 Springfield Lofts 204 West 3rd Street Jacksonville FL 32206 Prospective 78 College Park / Springfield Union Terminal Warehouse 64 Redevelopment 700 East Union Street Jacksonville FL 32206 Prospective 185 College Park / Springfield 65 East San Marco Atlantic Blvd & Hendricks Avenue Jacksonville FL 32207 Prospective 280 San Jose 66 Park Place at San Marco 2137 Hendricks Avenue Jacksonville FL 32207 Prospective 135 San Jose 67 Roosevelt Square Redevelopment 4529 Roosevelt Blvd Jacksonville FL 32210 Prospective 100 San Jose 68 Amare Vita Burnt Mill Road & Gate Pkwy Jacksonville FL 32256 Prospective 208 Deerwood Club - East Source: Yardi Matrix Yardi Source: Jacksonville New Construction & Proposed Multifamily Projects
PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP
69 Village Center SEC Interstate 295 & J Turner Butler Blvd Jacksonville FL 32224 Prospective 650 Deerwood Club - East 70 Beach & Kernan Beach Blvd & Kernan Blvd South Jacksonville FL 32246 Prospective 198 San Pablo 71 Glen Kernan Pkwy & Hodges Blvd Glen Kernan Parkway & Hodges Blvd Jacksonville FL 32202 Prospective 970 San Pablo 72 Harbor Lights Jacksonville 14549 Beach Blvd Jacksonville FL 32250 Prospective 215 San Pablo 73 11635 Tanager Drive 11635 Tanager Drive Jacksonville FL 32225 Prospective 100 Beacon Hills 74 Deer Run in Buck Business Park Fort Caroline Road & Merrill Road Jacksonville FL 32225 Prospective 83 Beacon Hills 75 Cedar Station 103rd Street & Harlow Blvd Jacksonville FL 32210 Prospective 120 Cedar Hills 76 Waypoint 4915 Collins Road Jacksonville FL 32244 Prospective 339 Ortega Hills 77 Beauclerc Bay Redevelopment 9047 San Jose Blvd Jacksonville FL 32257 Prospective 106 Goodbye 78 Garden SEC Cross Town & Valley Ridge Blvd Ponte Vedra Beach FL 32081 Prospective 250 Ponte Vedra Beach 79 Shoppes of Ponte Vedra Beach 330 Highway A1A North Ponte Vedra Beach FL 32082 Prospective 250 Ponte Vedra Beach 80 1st and 6th 1st Street North & 6th Avenue North Jacksonville Beach FL 32250 Prospective 50 Neptune Beach 81 Main Street North PUD Drury Lane & North Main Street Jacksonville FL 32218 Prospective 238 Highlands 82 Saddle Brook Landings Phase II 3037 John Hancock Court Jacksonville FL 32221 Prospective 216 Jacksonville Heights 83 Harmony at Baxley Baxley Road & Country Pines Drive Middleburg FL 32068 Prospective 86 Orange Park 84 Landing, The SEC Blanding Blvd & Old Jennings Road Middleburg FL 32068 Prospective 84 Orange Park 85 RiverTown 39 Riverwalk Blvd St. Johns FL 32259 Prospective 500 Orange Park 86 Bridgewater County Road 210 & Interstate 95 St. Augustine FL 32092 Prospective 816 Bayard 87 Greenbriar Downs Old County Road 210 & Veterans Pkwy St. Johns FL 32259 Prospective 818 Bayard 88 Longleaf Pine Parkway Greenbriar Road & Longleaf Pine Pkwy Saint Johns FL 32259 Prospective 333 Bayard 89 Pavilion at Durbin Park, The Interstate 95 & Race Track Road Jacksonville FL 32259 Prospective 999 Bayard 90 Springs at Flagler Center Old St. Augustine Road & Philips Hwy Jacksonville FL 32258 Prospective 240 Bayard 91 Benchip Wildwood Drive & State Route 207 St. Augustine FL 32086 Prospective 280 St. Augustine 92 Cordova Palms US Route 1 & Venetian Blvd St. Augustine FL 32095 Prospective 750 St. Augustine 93 Court Theophelia 6 Court Theophelia St. Augustine FL 32084 Prospective 50 St. Augustine 94 Cross County Plaza NWC South Francis Road & State Route 16 St. Augustine FL 32092 Prospective 50 St. Augustine 95 Epic Village Townhomes SEC Rolling Hills Drive & Theatre Drive St. Augustine FL 32086 Prospective 188 St. Augustine 96 Hartshorn Street & West King Street Hartshorn Street & West King Street St. Augustine Beach FL 32084 Prospective 166 St. Augustine 97 Moultrie Oaks Townhomes Moultrie Oaks Drive & Old Moultrie Road St. Augustine FL 32086 Prospective 66 St. Augustine 98 Wildlight Phase II Harper Chapel Road & State Road 200 Yulee FL 32097 Prospective 721 Fernandina Beach 99 William Burgess Blvd. & Harts Road William Burgess Blvd & Harts Road Yulee FL 32097 Prospective 450 Fernandina Beach Total Prospective 14,772
TOTAL JACKSONVILLE 26,144 Source: Yardi Matrix Yardi Source: © 2020 Berkadia Real Estate Advisors LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #01931050; Vincent B. Norris, CA BRE Lic. # 843890. Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx. The information and details contained within this report have been obtained from a third-party and believed to be accurate; however, Berkadia has not independently verified its accuracy. Date of survey: January 2020