Following the success of the firm’s two other Jacksonville developments, Presidium Park will offer top-tier amenities built for modern living and convenient access to one of North Florida’s most thriving areas
Presidium, a diversified real estate development, investment and management firm, has broken ground on Presidium Park, a 400,000-square-foot modern community nestled in Jacksonville, Florida’s St. Johns Town Center area. Expected to be fully complete in Fall 2023, the 356-unit development will boast four five-story apartment buildings, three two-story carriage house buildings and an abundance of high-end community amenities. Presidium Park marks Presidium’s third multifamily development in Jacksonville.
“Our first two communities in the highly desirable Jacksonville area, paired with its state-of-the-art resort-inspired amenities, have made both projects prime for this market and have proven popular with residents,” said Mark T. Farrell, President of Development for Presidium. “Presidium Park will serve as another high-tech, amenity-rich residence that will undoubtedly attract even more families and young professionals to this bustling neighborhood.”
Designed by Atlanta-based Dwell Design Studio, the 14.51-acre community will feature a variety of vacation-like amenities including outdoor pavilions surrounded by lush landscaping, a 11,000-square foot leasing office including amenity space for a club room, game lounge, golf simulator and theatre room, state-of-the-art fitness center, co-working lounge with micro-offices and podcast rooms. Residents of the gated community will also have exclusive access to a rooftop terrace and lounge overlooking a captivating resort-style pool.
Presidium Park will encompass studio, one-, two- and three-bedroom apartment homes, ranging from 616 to 1,703-square feet. Each of the luxury apartment homes will offer modern features including keyless entry, Ecobee thermostats with built-in Alexa, smart light switches, energy-efficient appliances and user-friendly USB ports. The spacious community is designed to offer residents an open environment, and a prime location – nestled adjacent to City Park and one of Florida’s most sought-after entertainment districts, St. Johns Town Center, which provides residents with a plethora of shopping, entertainment, restaurants and office spaces.
The firm’s first delivery in this area was JTB Luxury Apartments, a 350-unit, 435,000-square-foot community, which was sold in 2020. Completed earlier this year, Presidium Town Center, a five-story, 370 unit, 470,000-square foot community is Presidium’s second development in the St. John’s Center area.
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Founded in 2003, Presidium is a Texas-based real estate developer, owner, and operator with an 18-year operating history and an existing real estate portfolio totaling approximately $2.5 billion AUM. We represent a spectrum of disciplines including acquisitions, development, property management, asset management, construction, law, finance, accounting, special servicing, and public-private partnerships. Presidium is committed to providing best-in-class housing for individuals of all income levels and creating great spaces that enhance people’s lives. For more information about Presidium, visit www.presidiumre.com.