14 Oct Southerly at Southbank
The second co-GP venture of BCDC with Ventures Development Group (“VDG”), on which construction commenced in the second quarter of 2020, is Southerly at Southbank. 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).
Co-Sponsors: BCDC/Ventures Development Group
Lender: Cadence Bank
Preferred Equity: Nationwide Realty Investors
Architect: Niles Bolton Associates
General Contractor: Summit Contracting Group, Inc.