The city approved three permits Dec. 7 for Rise: A Real Estate Company to build The Julington, a 260-unit apartment development in Mandarin, at a construction cost of almost $27.2 million.
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 on 8.98 acres at 12397 San Jose Blvd.
Rental rates have not been released.
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.
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 the construction timeline will be 18 months with apartments delivered in phases through then.
Amenities include a clubhouse, pool, fitness center and two courtyards.