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Jax Daily Record Wednesday, Jun. 15, 201612:00 PM EST

$50M JTB apartments joining Southside

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Developers intend to heat up what they already consider a hot apartment market with the 350-unit JTB project near the Deerwood Park office development.

Partner Mark Farrell with Killashee Investments LLC said Tuesday construction could start on the estimated $50 million luxury community by year-end and be completed 18 months later.

The almost 13-acre site is along A.C. Skinner Parkway, west of Southside Boulevard. It is south of J. Turner Butler Boulevard, commonly called JTB.

“It’s a great location,” said Jim Efstathion, a partner in JTB of Jax LLC with Kent Schmidt. Farrell will be a partner in the ownership entity.

The address is 8680 A.C. Skinner Parkway, across from an office center anchored by Johnson & Johnson Vision Care Inc. and other blue-chip names. It’s also near St. Johns Town Center.

“The market is very active and it’s very strong,” Farrell said.

Preliminary engineering plans show JTB will comprise four five-story apartment buildings and seven two-story carriage buildings. The carriage structures have parking on the ground floor and the living units on the second floor.

Farrell said the gated community will feature luxury apartments. Plans show an amenity center and recreation area.

Monthly rental rates on the 150 one-bedroom units will range from $1,100 to $1,400, while the 160 two-bedroom apartments will be $1,400 to $1,600 and the 40 three-bedrooms will be $1,800 to $2,000.

The apartments will feature 9- to 10-foot ceilings, 42-inch European-style cabinets, Nest Thermostats and keyless door entries.

The clubhouse will include a fireplace, bar, demonstration kitchen, game room and a café lounge with a coffee and tea station and large-screen TVs.

The business center will include computers, printers and internet access, and the fitness center will offer exercise machines, free weights and a yoga room.

Residents with dogs will find a pet salon and a swimming area for their canines.

Outdoor amenities will include a resort-style swimming pool with a walk-in entry, a lap pool, fire pits, outdoor bar area, a rooftop terrace adjacent to the pool area, grills and cabanas.

SWQ LLC, comprising Efstathion and Schmidt, own the property now. In January, they formed JTB of Jax LLC, which is listed as the developer on the engineering plans and a mobility fee calculation application.

Farrell said the mix of retail, office and other uses in the area are driving demand for the apartments.

“The development energy around the Town Center is tremendous. We believe we have the best location in the submarket and will appeal to the young professionals working in the area,” Farrell said.

Dwell Design Studio is the architect and Connelly & Wicker Inc. is the project engineer

 

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@MathisKb

(904) 356-2466

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