Commercial Real Estate, Capital, Insurance, Leasing & Management

Jacksonville Business Journal: Multifamily development breaks ground on Jacksonville’s northside

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A 270-unit multifamily development in Jacksonville’s northside broke ground March 12, according to a press release from the general contractor. 

Summit Contracting Group broke ground on The Avery at River City Marketplace, formerly known as Duval Crossing, just off of Duval Road. Corner Lot Development Group is the developer of the project, while Group 4 Design Architectural Services LLC is the architect. 

Construction is slated to be completed by summer 2022. 

Located west of I-95 and three miles from the Jacksonville International Airport, the project consists of 270 units across nine three-story buildings. The project is situated on a 13.5-acre development, and floorplans consist of one-, two- and three-bedroom units…

Corner Lot and Franklin Street announced at the beginning of February that the two had secured construction financing and equity for the project. 

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