Land bought at Town Center for 305 unit apartment development
Stanmore Partners reportedly paid $7M to Preferred Growth Properties for about 6 acres of land near the St. Johns Town Center to construct a 306-unit apartment building. The apartments are being referred to as “Ravella at Town Center” and will include 6 buildings and a 7-level parking garage. The total cost of the development was reported at $32M.
Posted on October 19, 2016, in Development, JAX Daily Record, Multifamily, Uncategorized and tagged preferred growth properties, Ravella at Town Center, St. Johns Town Center, Stanmore Partners. Bookmark the permalink. Leave a comment.