Twin Creeks Multifamily Site

IPA is pleased to present Twin Creeks (the “Property”), a fully-approved and entitled ±15.1-acre site within the Class “A” master-planned community of Twin Creeks / Beachwalk, in St. Johns County, Florida (Jacksonville MSA). This site is situated at the NW corner of CR 210 W. and Philips highway provides visibility and access to over 26K vehicles passing per day. The approved site plan includes 192 multifamily units comprised of seven (7) three-story buildings, with a development agreement condition including that rental rates are to be at no greater than 120% of AMI. The site represents a unique opportunity for an entitled multifamily development site in St. Johns County, with increasing difficulty in seeking multifamily approvals, and represents the #1 school district in Florida.