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Developer Acquires Affluent Jax Site for Multifamily Project

JACKSONVILLE, FL-The average household income within a one mile radius of the site is $101,093, nearly double the average household income for the city of Jacksonville.

By Jennifer LeClaire | Updated on October 31, 2011

JACKSONVILLE, FL-In a sign of life for multifamily development in North Florida, the 23-acre Seagrass Development site has traded hands. TriBridge Residential, a multifamily investment, acquisitions, property management, development and construction firm, sold the property to a private investor for $6.1 million.

ARA Jacksonville-based vice president Matt Wilcox served as lead broker on the deal. He worked with ARA Orlando-based principal, Kevin Judd and ARA Tampa-based vice president Patrick Dufour to represent the seller.

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