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Jax Daily Record Wednesday, Mar. 7, 201806:50 AM EST

Plans in review for Oasis at Town Center

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328-unit apartment community is south of Topgolf.

The St. Johns River Water Management District is reviewing plans for the 328-unit Oasis at Town Center on 15.49 acres at 10667 Brightman Blvd, south of Topgolf, iFly and Floor & Décor. 

Picerne Real Estate Group of Altamonte Springs is developing the project through The Oasis at Town Center LLC. England-Thims & Miller Inc. is the civil engineer.

Plans show eight apartment buildings as well as a clubhouse, pool, cabana, recreation areas, dog park, five garages and a 2.9-acre proposed stormwater pond.

Plans show a proposed connector to St. Johns Town Center.

Stephen Novacki, vice president of acquisitions and real estate, said in November that he expected construction would start in April or May and be completed by the end of 2019.

“It’s probably one of the best locations in Jacksonville,” Novacki said.

The 15-acre site is visible from Interstate 295 and close to St. Johns Town Center, “which is an amenity in and of itself to our residents.”

Novacki said Picerne wants to permit a pedestrian bridge across a stormwater pond owned by St. Johns Town Center to provide a direct connection to the shopping center.

The eight four-story apartment buildings will comprise one-, two- and three-bedroom units.

Novacki said each building will contain an elevator. 

Novacki said rents will average $1.30 a square foot, which he said is commensurate with area rates.  Units will average 1,075 square feet, equaling average rents of $1,400 a month.

There will be surface parking for tenants. There also will be ground-floor parking in the buildings and detached garages for separate lease, he said.

“That’s our competitive advantage,” he said, explaining that the Oasis will provide a direct connection to the Town Center without having to build a parking garage for tenants.

Picerne Construction Corp. will be the contractor and Picerne Management Corp. will handle leasing and management.

Novacki declined to provide an investment estimate. He expects Picerne will buy the land from the Skinner family and close on the construction loan in April or May and break ground immediately after that, he said.

Plans filed with the city show five 38-unit buildings and three 46-unit buildings. A total of 572 bedrooms are listed.

The 45.2-acre Skinner property along Brightman Boulevard, next to I-295, was rezoned for apartments and commercial and retail development in February 2017.

The Picerne project is proposed on the southernmost 15 acres, a survey shows. The second phase, immediately south of Topgolf, will consist of up to 150,000 square feet of retail commercial development on about 12.2 acres.

That property contains the proposed iFly indoor skydiving, Floor & Décor retail store and 99-room Holiday Inn Express & Suites.

The remaining acreage is for roads, drainage and a JEA easement.

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