JACKSONVILLE, Fla. (October 5, 2018) – The Vestcor Companies celebrated groundbreaking on Lofts at Jefferson Station in downtown Jacksonville. The new downtown living community will feature 133 units. Construction is expected to take under 13-months, with residents ready to move in by Fall 2019.
The groundbreaking ceremony was attended by a number of local and state leaders, who are excited for the growth and opportunity Vestcor communities have brought to downtown Jacksonville.
“The Lofts at Jefferson Station being developed by Vestcor in LaVilla will provide affordable and workforce housing for folks seeking an urban lifestyle,” said Aundra Wallace, JAXUSA Partnership President, who spoke at the groundbreaking ceremony. “This project keeps Downtown Jacksonville on the cutting edge of addressing the need for quality and attainable housing options for everyone.”
The new downtown community will offer a range of studio, one-, two- and three- bedroom apartments. It will also feature resident perks like a 24-hour fitness center, internet café, activity room with billiards lounge overlooking downtown Jacksonville, outdoor amenity space with large screen projector, dog walk area and monthly resident events.
Lofts at Jefferson Station isthe third of Vestcor’s ‘Lofts’ communities in Jacksonville. The Lofts at LaVilla -was completed in 2017 and the Lofts at Monroe, which opens November 1st, is already nearly 90 percent leased. Both communities offer downtown, affordable-living options for Jacksonville residents. Lofts at Jefferson Station will be a workforce housing community with 80 units reserved for individuals making less than 60% of the area median income and 53 units reserved for individuals making less than 140% of the area median income.
“We are thrilled to be creating a third Lofts community in Jacksonville,” said Steve Moore, President of Vestcor. “We love being a part of the Jacksonville community and believe the Lofts at Jefferson Station will be a unique opportunity to enjoy all the excitement of downtown living.”
A combination of funding through Jacksonville Housing Finance Authority, the Downtown Investment Authority and Florida Housing Finance Corporation made this community possible. Financing is provided by SunTrust.