In recent years, Florida has seen a massive increase in people moving to the state and North Central Florida is no exception to this. On Thursday, a ground-breaking ceremony was held for a new $186 million luxury condominium complex in Gainesville.
BAI Capital, an investment firm based out of Aventura in Miami-Dade County, seized the opportunity to build Archer Place. The plot of land the firm chose is nestled between several student housing complexes, is two miles away from the center of UF’s campus and in proximity to Butler Plaza.
The company has been eyeing and surveying the piece of land for nearly two years, and announced its plan to commit to the construction project on Thursday at a networking event in collaboration with the Greater Gainesville Chamber of Commerce. The event also introduced a model unit of the condo complex…