Developer set to start building 400-unit Jacksonville apartment complex

WRH Properties got a $39.2 million loan from State Farm Life Insurance to build the complex, called Ciel

Jul.July 16, 2017 04:00 PM

Rendering of the Ciel apartment complex in Jacksonville (Source: Jacksonville Daily Record)

A developer expects to start construction within 30 days for a 400-unit apartment complex in the Southside area of Jacksonville.

Permit applications show that the cost of the construction work is $38 million, and developer WRH Properties Inc. expects to finish building the rental project in 20 months.

An affiliate of WRH paid $9.2 million for the 16.6-acre development site at 4929 Skyway Drive, next to the campus of health insurer Florida Blue.

The sellers were Guidewell Group Inc. and Blue Cross and Blue Shield of Florida Inc.

The WRH affiliate also obtained a $39.2 million loan from State Farm Life Insurance Co. secured by the 16.6-acre site.

The rental housing development, called Ciel, will have six apartment buildings, each four stories tall, plus a two-story, 8,500-square-foot clubhouse and two parking garages, each one story tall.

Ciel will have one-, two- and three-bedroom apartments with monthly rents starting at $1,150.

The size of the apartments will range from 654 square feet for a one-bedroom unit to $1,900 for three-bedrooms.

In addition to the clubhouse, the common-area amenities at Ciel will include a swimming pool, spas for people and pets, a fitness center, business center, dog park, bicycle shop for storage and repairs, and electric-car charging stations.

The city of Jacksonville approved site-clearing work for Ciel on June 23 and is now reviewing applications for permits to construct the apartment complex.

The general contractor is Summit Contracting Group and the architect is Humphreys & Partners Architects. [Jacksonville Daily Record]Mike Seemuth

Related Articles


Construction of downtown Hollywood high-rise may start soon

Jeffrey Epstein commits suicide by hanging himself in his Manhattan jail cell

Miami developer Dan Kodsi plans large St. Petersburg project that could cost $2B

South Florida firm buys Sunrise apartment complex for $20.2M

Home owned by late Miami Marlins pitcher Jose Fernandez is in foreclosure

Tim Tebow and his home in South Jacksonville's Glen Kernan Golf & Country Club (Credit: Getty Images, Estately)

Take 2: Tim Tebow pays $3M for second house in gated community in Florida

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

PB Gardens condo community seeks yet another contractor to repair its buildings