The Village At Town Center | Multi Family Development Opportunity

Highlights:

• STRATEGIC LOCATION
• BEST PERFORMING SUBMARKET FOR MULTI-FAMILY: SOUTHSIDE
• MAJOR EMPLOYMENT HUB
• SPEEDY ACCESS TO ALL PARTS OF JACKSONVILLE
• STRONGEST MARKET RENTS

Description:

Matthews Real Estate Investment Services proudly presents the exclusive listing of the Village at Town Center, a ±40-acre shovel-ready multi-family development opportunity in Jacksonville, FL, that will be sold in multiple tranches. The first phase will focus on a ±350 Unit, ±5-acre parcel within this master mixed-use development that includes the ability to build ±950 units, retail centers, and a hotel. The property is in one of the most sought-after areas for development due to unmatched proximity to The St. Johns Town Center, Jacksonville’s premier 51-acre outdoor mall. Within a 3-minute drive, residents have access to over 60 restaurants, 160 stores, high-end services, and countless other amenities. The site also provides immediate access to Jacksonville’s highest ranking college, The University of North Florida, which has a current enrollment of more than 16,000 students. Along with strong submarket fundamentals, Florida continues to experience substantial population growth, with an annual influx of approximately 300,000 new residents. Among the favored destinations for these newcomers is Jacksonville, which has demonstrated remarkable economic vitality. From November 2022 to November 2023, Jacksonville saw a notable increase in job creation, with nonfarm businesses adding 30,200 jobs, representing a 3.8% growth rate. This surpasses Florida’s overall job growth rate of 2.8% during the same period. Jacksonville’s robust job market, characterized by high labor force participation and significant wage increases, ranks it as the second-best job market in the United States. This site offers investors a unique opportunity to capitalize on the rising demand for multi-family housing in one of Florida’s most sought-after and economically dynamic regions

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