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JV to Develop 180-Unit For-Rent Townhome Project in Jacksonville
PCCP LLC has announced that it has formed a joint venture with 360 Communities to develop Avenues by 360 Communities, a 180-unit, single-family for-rent townhome community situated on a 70-acre site located in Jacksonville. 360 Communities is an affiliate of Freehold Capital Management.
The project is located approximately 13 miles southeast of downtown Jacksonville, within Jacksonville’s Southside neighborhood. The unit mix at the development will include two-and three-bedroom townhomes ranging from 1,200 to 1,500 square feet. Interior finishes will quartz countertops, stainless steel appliances, vinyl plank flooring in the common areas, nine-foot ceilings, USB charge-ports and private backyards. Community amenities will consist of a resort style pool, entertainment cabana building, fitness center, outdoor playgrounds and neighborhood trails.
“This is PCCP’s third joint venture with Freehold Capital Management, a developer of master-planned communities and built-for-rent communities,” said Brian Haber, vice president at PCCP. “Avenues by 360 Communities is in a strong, infill location and will be poised to attract young couples and families seeking proximity to major Jacksonville employment nodes and the nearby entertainment, dining, retail and cultural amenities.”
- ◦Development
