Master plan in the works for PARC Group project off Florida 9B.
Luxury homebuilder Toll Brothers is the second single-family residential developer to buy property at E-Town, the undeveloped Southside property along Florida 9B in southern Duval County.
Toll Brothers will build on 113 acres along R.G. Skinner Parkway. The builder has not announced how many homes it will build, although David Weekley Homes, the first builder to buy in E-Town, bought 111 acres and plans 143 homes.
Roger O’Steen with The PARC Group, which is developing E-Town on property owned by the Davis family, said Toll Brothers planned a single-family community.
On Jan. 31, David Weekley Homes bought 111.28 acres from Eastland Timber LLC. Keith Donnelly, land acquisition manager with David Weekley Homes, said the parcel will be a gated community of 143 homesites that are 50 feet wide and 79 that will be 60 feet wide.
He said the land will be developed as a joint venture between David Weekley Homes and ICI Homes. He said he expected to have David Weekley model homes under construction before the end of the year.
Donnelly said 36 acres of the parcel will be preserved as conservation area and parks will be included in the community development.
O’Steen is chairman and founder of The PARC Group, which develops Davis family property. He said previously that several builders are working on preliminary plans and permits for neighborhoods within E-Town. E-Town comprises land east and west of Florida 9B.
O’Steen said a master community plan is under development to include parks, amenities, golf cart paths, walking trails, neighborhood shops, restaurants and job centers.
Wildlight moving forward with more Phase 1 sites
The developer of Wildlight applied to the St. Johns River Water Management District for a new portion of the first phase of the new “town” it is building in Nassau County.
Raydient Places + Properties has submitted plans for Phases 1C-1 and IC-2 of the master-planned community to build 257 homes, 44 of them townhomes. Connelly & Wicker is the engineer.
Phase 1 of Wildlight includes 1,000 homes and 500,000 square feet of restaurants and shopping on about 261 acres plus nearly 350 acres of preserve.
In all, Wildlight is planned for 3,000 homes and millions of square feet of commercial development on 2,900 acres.
“Phases 1C-1 and 1C-2 are still part of Phase 1 of Wildlight,” said Charles Adams, vice president of community development for Raydient Places + Properties.
“The first lots we built were around Wildlight Village. As development progresses, we are starting to build lots on Phases 1C-1 and 1C-2, which is essentially the area around Wildlight Elementary School,” he said.
“Phase I of Wildlight is projected to offer a variety of homes ranging in price from $195,000-$400,000. To date, Dream Finders Homes and D.S. Ware are the residential builders for Wildlight,” Adams said.
Anticipated home prices in Phase 1 will be $175,000 to $400,000.
Xcellence Realty moves into market
Miami-based real estate brokerage Xcellence Realty is expanding into Northeast Florida to focus on the upper-mid and luxury property markets.
Xcellence Realty has been expanding throughout Florida, establishing branch offices in Jacksonville, Orlando, Palm Harbor, Lakeland, Naples and Pensacola.
Xcellence was founded in the early 2000s and employs more than 450 agents.
Michael Turwitt will lead the Jacksonville office at 822 Florida A1A N., Suite 310, in Ponte Vedra Beach.
Turwitt, a Northeast Florida resident, has more than 30 years of commercial and residential real estate experience.
In 2017 the group added Xcellence Mortgage Inc.
The company reports that foreign investment in residential and commercial properties is growing in Florida.
According to Xcellence Realty, investment in Florida residential properties increased nearly $5 billion in 2017 to $24.2 billion, accounting for 21 percent of the state’s residential sales volume.
Last year, foreign investors bought 61,300 residential properties in Florida, the company said.
Most of those acquisitions were in South and Central Florida.
“One of our objectives is to attract more foreign investments to the area,” Turwitt said.
“The First Coast is still a hidden secret and most international buyers purchasing vacation homes or investment properties in Florida are looking southward simply because they don’t know the Northeast coastal region,” he said.
TriBridge brings more Town Center apartments
Atlanta-based TriBridge Residential LLC, in partnership with Miami-based Sefira Capital, will open The Jaxon, a 287-unit apartment community in Town Center Promenade, this summer.
The Jaxon, at 4450 Tropea Way, is across from St. Johns Town Center. Tri-
Bridge said The Jaxon will comprise studio, one-, two- and three-bedroom apartments with amenities including granite countertops, built-in Bluetooth speakers and custom finishes.
Outdoor amenities include a pool with cabanas and rain curtain, a party porch, dog park, dog wash station and 24-hour package system including refrigerated storage.
TriBridge Residential developed several area projects, including Uptown in St. Johns Town Center and BluWater Apartments, Seagrass Apartments and Cottage at North Beach.
Chance Partners bringing apartments to San Marco
Chance Partners LLC has begun construction on the first of two apartment communities that could total more than 600 units — and an investment topping $100 million — on the edge of San Marco.
Underway is the estimated $42 million San Marco Promenade along Philips Highway between Mitchell Avenue and River Oaks Road.
Work on the up to $60 million San Marco Crossing, just a few blocks north, could start early next year.
Partners Jeffrey Rosen and Judd Bobilin said San Marco Promenade will have 284 apartment units on the northern half of the 17.3-acre site with completion in summer 2019. The apartments will be a mix of one-, two- and three-bedroom units among three buildings.
Sizes will average 770 square feet for one-bedroom units; 1,200 for two-bedrooms; and 1,400 square feet for three-bedrooms. Rental rates have not been determined.
Amenities will include a pool, fire pit, walking trails, fitness center, co-working business center for residents and a two-story clubroom.
Chance said it has not completed its plan for the southern part of the site. While the current approved Planned Unit Development allows up to 650 units, Chance will apply to modify the PUD when the final number of units is determined. An earlier plan indicated a total of up to 510 units.
David Weekley Homes building high-density housing near Town Center
Construction has begun on Tidal Pointe at Southside Quarter, the Central Living brand of David Weekley Homes that features high-density residential projects. Tidal Pointe will be David Weekley’s Jacksonville introduction of the Central Living brand, which focuses on developing luxury housing in prime locations.
Construction soon will begin on three model homes, including The Woodsmoke, a single-family detached home, and townhomes The Hester and The Latitude. Model homes are scheduled to open for sales in late spring.
At Tidal Pointe, David Weekley Homes will build 89 townhomes and 46 single-family, detached courtyard homes. Floor plans for the single-family, detached homes will range from 2,000 to 2,100 square feet, with townhomes from 1,500 to 2,000 square feet.
The company has not released a price range.
Houston-based Hines is developing the 105-acre Southside Quarter at southwest Interstate 295 and Butler Boulevard, along Gate Parkway. The development is south of St. Johns Town Center.
Plans show the 46 single-family homes along Park Village Drive and the townhouses along I-295 and around the single-family development. An amenity center is in the middle.
Amenities will include a pool and cabana. The neighborhood is within walking distance of shopping, dining and entertainment.
Construction begins on Luxor Club apartments
Summit Contracting Group is building Luxor Club, a luxury apartment community in the Flagler Center area of south Jacksonville.
Luxor Club, owned by Jacksonville-based Fort Family Investments, will comprise 464 apartments in 17 three-story buildings and eight two-story carriage houses with garages and a net 528,055 square feet of space.
The site is next to Palm Bay Club apartments, also a Fort Family property.
Luxor Club apartments will offer one-, two- and three-bedroom units.
Amenities will include a clubhouse, resort-style swimming pool, two-story pool pavilion with elevator access, tennis court, playground, lawn, dog park with pool, pet spa, bike storage facility, car care center, hammock garden and landscaping.
Flagler Center is south of Old St. Augustine Road between Philips Highway and Interstate 95. It is just north of St. Johns County.
Construction is planned to be complete in January 2019.