clark

15.48 acres which are proposed for development with 11, three-story (walk-up) apartment buildings and one clubhouse/leasing/activities building. The proposed development will contain 264 dwelling units (278,850 square feet NRA) and feature one, two and three-bedroom units. The subject site is part of a larger mixed-use development, that has frontage on Dixie Avenue and extends south to Clark Street. The larger development comprises 49.49 acres and will be developed with a 163-unit senior living facility, 105 room Marriott Town Place Suites hotel, 93,000 SF of medical office space, 20,000 SF of retail space, a 40,000 SF UF Health facility, and the subject’s 264-unit, Class A apartment complex. Much of the internal roads and infrastructure for the overall development is in place and the subject is essentially a pad-ready site. Sellers have decided to leave the construction and management to a seasoned expert and simply take an equity portion of the project. They are not looking for a cash sale.