Jacksonville
REAL ESTATE
FBI and Offshore Power Systems Buildings Could Be Redeveloped into Housing in Jacksonville, FL
A developer has submitted plans to replace former FBI and Offshore Power Systems buildings with a mixed-income housing complex. Plans call the project “the 7820 Arlington Residential Development,” although it’s uncertain whether this will be the community’s official name. Baker Design Build hopes to move forward with the construction of about 800 apartments, with 285 in the first three buildings.
Luxury 324-Unit Multifamily Community near Jacksonville to be Developed
Terrassa, a luxury 324-unit multifamily community near Jacksonville, is set to be developed in the growing market of St. Augustine in St. Johns County. Thompson Thrift, a full-service real estate company and a multifamily developer, expects to begin construction in July, with completion expected in fall 2026. “St. Johns County...
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