Madison Capital Group, LLC has purchased approximately 19 acres in St. Johns County Submarket.
The Charlotte-based multifamily company will seek to develop up to 230 units. Amenities will include a two-story clubhouse, fitness facility, swimming pool and clubroom. Construction on the project could commence in late 2022.
This will be Madison’s second apartment development in the Jacksonville market. Madison also has plans to start several other Florida projects in 2022 located in Tampa, Jacksonville, Orlando, Ruskin, Bonita Springs. The company currently has similar projects under construction throughout The Carolinas, Georgia, and Tennessee.
Madison Capital Group, LLC is based in Charlotte, NC and focuses on the development of suburban garden mutli family projects throughout the Southeast with a focus on Nashville, Charlotte, Raleigh, Richmond, Atlanta, and Florida.