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SouthEast Development Group is expanding its Laura Street Trio (Jacksonville, FL) development plan add a 166-unit multifamily with 20% reserved for workforce housing.

SouthEast Development Group Adds Multifamily to $165M Jacksonville Project

SouthEast Development Group is expanding its Laura Street Trio development plan to include 166 units of mixed-income multifamily housing. The addition brings the project’s total square footage to 250,000, at an estimated cost of $165 million.

Twenty percent of the units will be offered as workforce housing for tenants earning up to 80% of the area median income. SouthEast Development Group will partner with the Jacksonville Housing Authority to support this critical community-building program.

“When developers recognize the benefits of mixed-income housing, our entire community benefits,” said Dwayne Alexander, CEO of the Jacksonville Housing Authority.

The residential apartments will be housed within an 11-story, 160,000-square-foot building to be built adjacent to the Historic Florida Life Building as a second phase of the development.

Construction will be concurrent with the rehabilitation and adaptive reuse of the Laura Street Trio buildings, which will feature a 142-room Autograph Collection Hotel by Marriott.


Inside The Story

SouthEast Development Group

About Lisa McDuffie

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.

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