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Joint Venture plans 70-acre community in Southside

Original article by Alex Wilson for Jacksonville Business Journal >

A joint venture between a Los Angeles-based capital group and a Boston-based real estate investment firm announced it will develop a 180-unit townhome community in Southside.

PCCP LLC and 360 Communities – an affiliate of Freehold Capital Management – announced the two companies will develop Avenues by 360 Communities. The 70-acre community is expected to include 180 single-family, for-rent townhomes adjacent to the I-95/U.S. 1/I-295 interchange.

“This is PCCP’s third joint venture with Freehold Capital Management, a developer of master-planned communities and built-for-rent communities,” said Brian Haber, vice president with PCCP, in a press release. “Avenues by 360 Communities is in a strong, infill location and will be poised to attract young couples and families seeking proximity to major Jacksonville employment nodes and the nearby entertainment, dining, retail and cultural amenities.”

The 180 units will include a mix of two- and three-bedroom townhomes that range from 1,200 to 1,500 square feet. Homes will feature customized interior finishes, while community amenities will include a resort-style pool, entertainment cabana building, fitness center, outdoor playgrounds and neighborhood trails.

Read the full article at Jacksonville Business Journal >