Hey Jacksonville residents, big news on the horizon! Two South Florida developers, MAS Development and Agador Spartacus, are joining forces to bring a brand-new community to our neck of the woods. If you’re curious about what’s coming near Cecil Commerce Center, here’s the detail.
What’s Happening?
MAS Development and Agador Spartacus are gearing up to break ground on their first project in Northeast Florida, and it’s set to be a game-changer. The project, named Magnolia Villas at Jacksonville, will feature a 100-unit build-to-rent community. Think of it as a mix of two-story townhomes and walk-up flats that’ll cater to long-term renters, specifically those earning between 100% and 120% of the Area Median Income.
But don’t worry—this isn’t just another development with sky-high rents. According to Nico Chami, MAS’s Director of Acquisitions, they’re not looking to maximize rents. Instead, they’re focused on providing quality housing that’s accessible to the workforce in our area. It’s a refreshing approach, especially in a market where affordability can sometimes feel like a distant dream.