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Jax Daily Record Wednesday, Sep. 18, 201905:30 AM EST

Construction starts on $60 million Presidium at Town Center apartments

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The city issued permits Tuesday for the 370-unit project off Butler Boulevard.

Construction is starting on the 370-unit Presidium at Town Center apartments off Butler Boulevard at 7200 AC Skinner Parkway.

The city issued permits Tuesday for LandSouth Construction LLC to build the project at a cost of $35.55 million.

Texas-based Presidium announced last week it intended to start development immediately on the $60 million community after it bought 17.51 acres from the Jacksonville Transportation Authority on Aug. 28 for $6.73 million.

Completion of the apartments is expected in mid-2021.

BB&T issued a $40.8 million mortgage to the group for the project.

Mark Farrell, Presidium president of development, expects completion in mid-2021 and the clubhouse and first building to be ready in 13 to 14 months.

The 470,000-square-foot development will comprise studio, one-, two- and three-bedroom units. Plans submitted to the city show five four-story apartment buildings and five two-story carriage-house buildings along with a leasing and amenities building.

The apartment buildings are along AC Skinner Parkway with the carriage houses, with two units each, closer to Butler Boulevard.

Farrell said monthly rents will range from $1,100 to $2,100.

Amenities include a club room, game room, demonstration kitchen, rooftop terrace, pool, business center, dog park, pet spa, car wash, walking trails and a two-level fitness center.

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