Miami-based Sefira Capital LLC and a partner began construction of a $49 million apartment development in Jacksonville.
Sefira and Atlanta-based Tribridge Residential broke ground for the not-yet-named, 247-unit apartment project on a 9.06-acre site opposite a regional open-air mall called St. John’s Town Center.
“The site is located in absolutely prime real estate. Within a few steps, there’s access to the most exciting retail and entertainment in Jacksonville,” Sefira partner Mijael Attias said in a prepared statement.
The Jacksonville apartment project is located in a mixed-use development called Town Center Promenade, which also is near eight million square feet of office space, the University of North Florid and interstates.
The project team includes Dwell Design Studio LLC of Atlanta, the architect and interior designer, and Prosser Inc. of Jacksonville, the civil engineer.
Attias and Aby Galsky formed Sefira Capital in September 2015 to establish a Miami-based investment boutique platform to acquire and develop commercial real estate.
Atlanta-based TriBridge Residential is a multifamily property owner, operator and developer with more than 10,000 units under management.