Tellus Partners, along with its partner, Varden Capital, have identified an outstanding master planned project in Jacksonville, FL. The first phase of the project will consist of 320 units, with future multifamily, townhome and commercial development opportunities.
The Sponsorship team believes this is an excellent opportunity to capitalize on developing a premier Class-A property in one of the hottest submarkets in the Southeast.
Oakleaf will immediately enter the top of a Jacksonville market that is both very strong and growing at a rapid pace. With over 12,000 jobs created in Jacksonville since 2015 coupled with an over 14% population increase since the 2010 census, there is a clear demand for new luxury apartments and townhomes in the Jacksonville area to accommodate the area’s new employees, as well as needed retail and commercial to support the demand associated with this economic growth.