Presidium Breaks Ground on Resort-Style Apartment Development in Jacksonville

Located in the St. Johns Town Center area, Presidium at Town Center will neighbor JTB Luxury Apartments, the developer’s premier project in Jacksonville

September 10, 2019 – Diversified real estate investment and management firm Presidium has broken ground on Presidium at Town Center, a luxury residential community in one of Jacksonville, Florida’s most sought-after entertainment districts. Expected to be complete in mid-2021, the four-story, 470,000-square foot development will offer private resort-style living with the modern conveniences of its central location in St. Johns Town Center.

“Following the success of our first Jacksonville development, the neighboring JTB Luxury Apartments, Presidium at Town Center will give residents the same remarkable views of the surrounding nature conservation area,” said John Griggs, Co-CEO and Co-Founder of Presidium. “The convenient access to shops, restaurants, offices and entertainment make this community the best in living experiences.”

Constructed on a 17.51-acre site, Presidium at Town Center will feature 370 units with upscale finishes, energy efficient stainless steel appliances, and 9-10’ ceilings. The community will enjoy a resort-style pool, and a 10,000-square foot leasing/amenity building containing a club room, game room, fitness center and more. Residents of this gated community will have exclusive access to a rooftop terrace and lounge overlooking the pool.

“The Jacksonville real estate market is booming as we continue to see more residents and visitors making their way to this prominent North Florida metropolis,” said Presidium’s President of Development Mark T. Farrell. “As first-class developers, it is our job to ensure that every community adds value to Jacksonville, and will continue to fuel the real estate market growth in the area.”

Wade Powers and Bob Selton with Colliers International Northeast Florida represented the Jacksonville Transportation Authority (the seller) in this transaction. Presidium selected Dwell Design Studio to be the architect, Connolly and Wicker as the civil engineering firm and Dix.Hite + Partners as the landscape architect.

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