Developer Rise: A Real Estate Company intends to start work next week toward construction of The Julington, a 260-unit apartment development in Mandarin.
“We focused on this part of the community due to a great mix of retail, residential and the lack of modern apartment homes,” said Development Vice President Matthew Marshall.
The city is reviewing four permit applications for site clearing and construction that total an estimated $29 million on 8.98 acres at 12397 San Jose Blvd., south of Marbon Road.
Marshall said the total investment will be $46 million.
Rise General Contractors is the contractor. England-Thims & Milller Inc. is the civil engineer. Charlan Brock Architects of Maitland is the architect. Codes-ABC Inc. is handling code compliance.
The four-story Julington, north of Julington Creek, is designed as 121 one-, 123 two- and 16 three-bedroom plans.
Marshall said one-bedroom plans are 775 to 875 square feet; two-bedroom plans are 1,025 to 1,158 square feet; and three-bedroom plans are 1,300 square feet.
Marshall said Rise is not releasing rental rates yet, but said they will be competitive in the market.
He said the property purchase and financing is projected to close Dec. 4, followed by construction mobilization.
Marshall said the construction timeline will be 18 months with apartments delivered in phases through then.
Amenities include a clubhouse, pool, fitness center and two courtyards.
Rise is based in Valdosta, Georgia, and has a Jacksonville office.
It will own The Julington land through Mandarin Properties I LLC.
“We look forward to becoming a member of the Mandarin neighborhood,” Marshall said.
Rise also is developing The Doro Downtown. Through Jacksonville Properties I LLC, Rise wants to develop the 247-unit, five-story wood-frame project over a two-story podium of development. Rise also will build a seven-level, 284-space parking garage with rooftop amenities.
The site is at 102 A. Philip Randolph Blvd. where the George Doro Fixture Co. operated. The warehouse and other buildings are slated for demolition.