Origin Investments and RISE Launch $85M, 331-Unit Multifam in Jacksonville
Origin Investments and RISE have acquired a 13-acre parcel for a $85 million, 331-unit ground-up development in the Jacksonville, FL submarket of Baymeadows.
The partners now have three active FL projects, including Linden House, a $60.1 million, 295-unit development in Jacksonville, and Horizon at Sereno, a $84 million, 320-unit development near Tampa.
The Class A Baymeadows project will have a four-story, double donut garden-style structure with one-bedroom (49%), two-bedroom (43%) and three-bedroom (8%) units. Community amenities may include pool, indoor fitness area, flexible workspace area and club room.
The Baymeadows submarket is nine miles, or 15 minutes, southeast of downtown Jacksonville.
The development team for Baymeadows also includes RISE Construction as the general contractor, Charlan Brock Architects as architects and England-Thims & Miller as civil engineer.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.