Jacksonville’s Largest New Rental Developments
Jacksonville’s Largest Rental Developments Completed in 2015 from rentcafe.com
Published April 4, 2016 in Development - MetroJacksonville.com
Jacksonville's real estate market has seen a 31% increase in 2015 over the previous year in the multi-family large developments segment -- those with 50 or more units --, based on Yardi Matrix data. The top 8 largest apartment developments delivered just over 2,000 new units to the market last year, compared to 1,531 new units in 2014.
The Northeast Florida city continues to be a hot market for renters. Demand is up along with monthly rental rates. The 2016 Yardi Matrix Multi-Family Outlook report projects a 5.6% rent growth in the next year for Jacksonville, which ranks as the 12th highest in the nation and above the national average of 4.6% expected rent increase.
Luxury amenities seem to be in high-demand among renters. Saltwater pools, sun decks, gaming rooms, yoga studios and pet grooming stations are just a few of the bragging points in these new communities. Units are boasting high-quality finishes and chic contemporary designs.
See what's new in Jacksonville's 8 largest rental developments of 2015:
#8. Caroline Oaks: 82 rental units - Check availability
Address: 5175 Main Street North, Jacksonville, FL 32208
Rental types: 42 one-bed apartments, 40 two-bed apartments
Property size: 61,462 sq.ft., three-story building
Short description: Fully affordable. Age restricted - senior community. 100 parking spaces. Controlled access. Fitness center. Business center. Game room. Outdoor garden. Courtyard pavilion with grills. Theater room. Smoke-free building. Washer/dryer/microwave ovens in all units.
Photo credits: RENTCafe
#7. BluWater Apartments on Beach: 170 rental units
Completed: 03/05/2015
Address: 711 Beach Blvd, Jacksonville Beach, FL 32250
Property size: 151,623 sq.ft., five 2- and 3-story buildings
Rental types: 97 one-bed apartments, 64 two-bed apartments, 9 three-bed apartments
Short description: 365 parking spaces. Swimming pool with cabanas. Cyber lounge. Fitness center. Rooftop terrace. Upgraded plumbing fixtures and lighting package. Tile backsplash. Stacked washer/dryer in all units. Patio/balcony. Walk-in closets. Parking deck. Dog park. Granite countertops. Views of the Atlantic Ocean.
Photo credits: BluWater Apartments on Beach Facebook Page and Website
#6. Spyglass: 252 rental units - Check availability
Completed: 09/03/2015
Address: 8540 Homeplace Drive, Jacksonville, FL 32256
Property size: 238,046 sq.ft., 14 two-, three-, and four-story buildings (first floor includes parking)
Rental types: 32 studios, 35 one-bed apartments, 162 two-bed apartments, 23 three-bed apartments
Short description: 350 parking spaces. Yoga room with ballet barre. Pool with sun lounges. Poolside pavilion complete with flat screen TV, summer kitchen and serving bar. Health club. Hospitality bar complete with snacks and coffee. Chic recycled glass counters or quartz counters. Island-style gourmet kitchens. Espresso cabinetry with brushed nickel finishes.
Photo credits: Spyglass Apartments Facebook Page
#5. Sorrel Luxury Apartments: 290 rental units
Completed: 04/15/2015
Address: 12001 Abess Blvd, Jacksonville, FL 32225
Rental types: 117 one-bed apartments, 132 two-bed apartments, 41 three-bed apartments
Property size: 303,933 sq.ft., eight 3-story buildings (first floor includes parking)
Short description: 638 parking spaces. Saltwater pool with Wi-Fi sun deck. Athletic club: cardio, resistance & free weights. California outdoor kitchen. Courtyards for outdoor grilling and dining. Media, gaming, and cyber/business areas. Gourmet kitchens. Power saving digital programmable thermostats. Two-tone paint color scheme.
Photo credits: Sorrel Luxury Apartments Facebook Page
#4. 220 Riverside: 294 rental units
Completed: 12/09/2015
Address: 220 Riverside Avenue, Jacksonville, FL 32202
Rental types: 187 one-bed apartments, 107 two-bed apartments
Property size: 251,898 sq.ft., six-story building (includes 18,000 sq.ft. of retail and parking)
Short description: 380 parking spaces. Salt water pool with outdoor grilling areas. Fitness studio. Pet-grooming station. Lounge and social gathering areas. Granite countertops. Stainless steel appliances. Upscale cabinetry with brushed nickel hardware. Faux hardwood flooring. Washer/dryer sets in each unit.
Photo credits: 220 Riverside Apartments Facebook Page
#3. The Views at Harbortown: 300 rental units
Completed: 08/20/2015
Address: 14030 Atlantic Blvd, Jacksonville, FL 32225
Rental types: 174 one-bed apartments, 105 two-bed apartments, 21 three-bed apartments
Property size: 288,445 sq.ft., 3 four-story buildings
Short description: 650 parking spaces. 3 miles west of beaches. Direct access to marina. Picnic areas with gas barbecue grills. Athletic club with separate spin & yoga room. Clubroom with kitchen, dining room, multiple lounge areas, billiards and flat-screen televisions. Two resort-style swimming pools with cabanas.
Photo credits: The Views at Harbortown Facebook Page
#2. Gran Bay at Flagler Center: 308 rental units
Completed: 06/04/2015
Address: 13444 Gran Bay Pkwy, Jacksonville, FL 32256
Rental types: 1 guest suite, 121 one-bed apartments, 156 two-bed apartments, 30 three-bed apartments
Property size: 307,620 sq.ft., 14 two- and three-story buildings
Short description: 662 parking spaces. Espresso kitchen cabinets. Sleek stainless steel appliances. Fitness center with children's activity room. BBQ and picnic area. Saltwater swimming pool. Full-size washer & dryer included in each home. Patios or terraces. Clubroom with internet café and resident lounge with Mac technology. Pet-friendly.
Photo credits: Gran Bay at Flagler Center Website
#1. The Brooklyn Riverside: 310 rental units
Completed: 09/16/2015
Address: 100 Magnolia Street, Jacksonville, FL 32204
Rental types: 188 one-bed apartments, 122 two-bed apartments
Property size: 259,683 sq.ft., 7 three- and four-story buildings (first floor includes parking and 53,000 sq.ft. of retail)
Short description: 430 parking spaces. Private balconies. Walk-in closets. Stainless steel appliances. Waterwave granite or white quartz countertops. Three designer-finish packages. Pool with dual aqua decks, fire pit and gas grilling stations. City skyline and river views. Two-story fitness club with cardio. Yoga space. Bocce court. Bar lounge. Conference room.
Photo credits: The Brooklyn Riverside Facebook Page
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