Tellus Partners, along with its partner, Varden Capital, are developing a new multifamily project St. Augustine, FL. The total project will consist of 312 units.
Partnership views this as an excellent opportunity to deliver a market rate apartment community in an area that has seen strong demand for housing and has kept vacancies well below the metro average. The community is strategically located in a prime St. Augustine location with immediate access to the heavily travelled I-95 and Route 1/Dixie highways. The property is near great schools, shopping, restaurants, banking and medical offices.