Corner Lot recently marked a milestone in the development of Beachline, a new multi-family community in East Jacksonville, as it closed the development’s senior lender loan with Trustmark Bank and paved the way for construction to begin on the project in December.
“Trustmark Bank has been an exceptional partner for Corner Lot in the past and working with them on this development was no exception,” said Andy Allen, Corner Lot CEO. “With their assistance, we’re going to bring a gated, market-rate multi-family community to an area of Jacksonville that is close to the beaches, employment centers, and major transportation corridors.”
The $60 million, ten-acre development, located at 13301 Beach Boulevard, will include six buildings and 240 units that offer one, two, and three-bedroom options. In addition, the project will include gated access, a pool, an amenity center with a gym, and extensive landscaping. Beachline was developed through a partnership with Eastside Community Church. Summit Contracting Group has been selected to construct the project.
“Beachline’s idyllic location made it an attractive investment for both us and Trustmark Bank,” said Allen. “Our partnership with the church allowed us to access a rare infill property on Jacksonville’s eastside that will be a great place to call home, and our residents will be great patrons of the church and nearby library.”