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Condos Condos Condos

What Else is Being Built?

High end condos are making a strong comeback in Jacksonville.  As the city becomes more and more built out and attracts more and more affluence, it is becoming increasingly common to build UP.  Only two other high-end, high-rise condo projects are currently under way in this sprawling metro of nearly 2 million people: one at the beach and one downtown.  However, the area with the highest need for new condos is in Ortega/Avondale.  Only 8 new units have been constructed along the waterfront here in the last 40 years, yet the area has the city's highest concentration of wealth and the most extensive waterfront.

 

Check out the only two other projects below.

Azure Jax Beach.jpg

Azure (Jacksonville Beach)

  • 26 ocean-facing units

    • Developed by Related Group (Miami)

    • Designed by Architectonica (Miami)

    • Built by Craft Construction (South Florida)

  • Sold out before breaking ground

    • Greater than $850psf sellout​

    • $3.3 million average sellout price

    • Penthouses went for $7 million and up

    • Mostly local buyers

  • 1.5 acre site sold for $9.9 million​

  • Last high-rise condo site at the beach with grandfathered height limit above 35 feet

Four Seasons Residences Downtown

  • 25 grand residences alongside 174 luxury hotel rooms, each residing in a twelve story tower designed to a nautical theme

    • Developed by Shad Khan (owner of NFL's Jacksonville Jaguars)

    • Designed by HKS (Dallas)

    • To be built by PCL​ (Edmonton, Alberta, Canada)

  • Part of the "Shipyards" redevelopment​

  • 4.77 acre site appraised at $12.5 million, adjacent 1 acre site sold for $3.2 million to Khan for related office project

  • Underwriting to $1,000+psf sellout

  • Breaking ground by the end of 2022

  • Lots of local enthusiastic support and excitement for this project

Four Seasons DT Jax 2.jpeg
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