Rise: A Real Estate Company President Greg Blais says the company’s construction of The Julington apartment community is just the first of many developments it envisions in Northeast Florida.
“We are here to take advantage of the growth that Jacksonville has enjoyed and is projected to continue to enjoy,” Blais said at the project’s Jan. 26 groundbreaking ceremony.
“You’re going to see a lot of banners that say Rise on them in the coming years because we are really focused on the Jacksonville area.”
Construction on the 260-unit project at 12397 San Jose Blvd. is expected to take 18 months, with apartments delivered in phases up to that point.
Amenities are slated to include a clubhouse, pool, fitness center and courtyards.
The four-story Julington, south of Marbon Road and north of Julington Creek, is designed as 121 one-, 123 two- and 16 three-bedroom plans.
Rise bought the properties for The Julington, totaling 8.67 acres, from separate owners.
American Momentum Bank of Tampa is financing the project with a $29.7 million mortgage.
The city approved three permits Dec. 7 for Rise to build The Julington at a construction cost of almost $27.2 million.
The city issued a permit Dec. 3 for the $1.7 million site-clearing and horizontal development for the apartments.
The four permit applications total almost $29 million.
Rise Development Vice President Matthew Marshall said previously the total investment will be $46 million.
Rise General Contractors is the contractor. England-Thims & Miller Inc. is the civil engineer. Charlan Brock Architects of Maitland is the architect. Codes-ABC Inc. handled code compliance.
Rise General Contractors is based in the San Pablo area.
Valdosta-based Rise has one other Jacksonville development with The Doro apartments and retail project Downtown.
Rise intends to develop the 247-unit, five-story wood-frame project over a two-story podium of development. The project is 177,200 square feet.
The city issued a permit Dec. 8 for Rise to build The Doro apartments at 960 E. Adams St. at a cost of almost $35.56 million.
“We’ve made a commitment to Jacksonville and we’re going to be a long-term, thoughtful partner with the greater Jacksonville community,” Blais said.
