JACKSONVILLE, FL – EJF Capital LLC and Chance Partners LLC plan to develop a three-building, 295-unit multifamily community situated in an Opportunity Zone in Jacksonville, FL's St. Nicholas neighborhood.

The partnership will construct the project, titled Southgate, on two land parcels that total 9.5 acres. The companies plan for delivery in Q4 2023.

Southgate will feature amenities including co-working spaces, indoor and outdoor social spaces, a resort-style pool and sundeck, a 24/7 fitness center, walking trails and a dog park and pet spa. The community will integrate smart home technology for keyless entry and it will be surrounded by a more than 400-space parking lot.

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Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.