Jacksonville-based Chance Partners announced Oct. 4 that construction will begin soon on The Note, a 290-unit apartment community in North Jacksonville.
The Note is planned at 14041 Hyatt Road off Max Leggett Parkway west of North Main Street. It is east of the U.S. Department of Veterans Affairs outpatient clinic and domiciliary under construction.
It’s the second North Jacksonville apartment project for Chance Partners. The Sagefield, at 13283 N Main St. about 1 mile south, was its first.
Chance Partners is working with Trei Real Estate, a German-based company, on The Note.
It will have one-, two- and three-bedroom units in three four-story apartment buildings and two-story carriage homes with garages.
Through JAX HR Owner, LP, Chance Partners bought the almost 9-acre site from Hyatt Signature LLC on April 21 for $2.924 million.
Ameris Bank is providing $44 million in construction financing.
The development team includes architecture firm Dynamik Design and civil engineering firm Kimley-Horn and Associates. Fansler Construction is the general contractor and the landscape architect is Pittman Landscape Architects.
Planned amenities include WiFi throughout the development and a clubhouse, coworking space, 24-hour fitness center, bike share, resort-style pool, outdoor kitchen, fire pit, pet spa and a Starbucks Coffee bar.
Pre-leasing is planned to begin in late 2023. Prices will be announced at that time.
The Note is about 10 miles from Downtown Jacksonville and 20 miles from the Georgia border. It is east of River City Markeplace and Jacksonville International Airport.
“We’re continuing to see more people call this thriving part of the region home,” said Jeff Rosen, principal at Chance Partners, in a news release.
“Our newest project represents the company’s eighth residential project in the greater Jacksonville area with other multifamily developments located in Avondale, St. Nicholas and San Marco.”
Chance Partners broke ground in September at The Jack on Beach apartments at the site of the former Southgate Plaza shopping center at 3428 Beach Blvd.
Chance JAX MS LLC, part of Chance Partners LLC, sold The Sagefield on June 16 for almost $45.5 million to Sagefield (Jacksonville) Owner LLC, affiliated with ApexOne, a Houston-based real estate investment firm.