Southbank Urban

Jacksonville, FL

The second co-GP venture of BCDC with Ventures Development Group (“VDG”), on which construction commenced in the second quarter of 2020, is Southbank Urban Residences. This project is a 185 unit Class-A multifamily development located on the St. Johns River overlooking the skyline of downtown Jacksonville. The project is comprised of studio, one and two bedroom units with high-end interior finishes as well as top of the market amenity package including outdoor swimming pool and entertaining deck overlooking the river, fitness center, business center and pet play areas. The property provides 236 parking spaces (178 inside a secure structured parking deck).

Location

Jacksonville, Florida

Team

Co-Sponsors: BCDC/Ventures Development Group
Lender: Cadence Bank
Preferred Equity: Nationwide Realty Investors
Architect: Niles Bolton Associates
General Contractor: Summit Contracting Group, Inc.

Project Type

Multifamily

Status

Under Development