LandSouth Construction has begun construction of Integra River Run on behalf of the multifamily communities developer, Integra Land Co. The $30 million, 300-unit luxury apartment community in Jacksonville’s Northside will be situated on a 23 acre site within the 65 acre Shands Crossing master-planned community at 14050 Integra Dr. The scheme will boast 7 four-story buildings with one-, two- and three-bedroom apartments averaging 979 sqf. The gated community will include a state-of-the-art fitness center, game room with billiards, swimming pool, as well as attached and detached garages. Construction for the project is being funded by a $26.2 million loan with Miami-based Capital Bank sourced through Holliday Fenoglio Fowler. Completion of the development is slated for December 2017.
“Integra River Run is perfectly positioned to capture the increasing residential demand coming to the immediate area with UF Health North’s opening,” said HFF Managing Director Elliott Throne in a prepared statement. “Capital Bank provided great loan terms on a luxury multi-housing property that is also poised to benefit from Amazon’s arrival to the expanding Northside Jacksonville submarket.”
