VENICE, FL – Zilber Residential Group is proud to announce that construction is well underway on the 272 well-appointed rental residences with all buildings and clubhouse in varying stages of completion.  Located near the corner of Laurel Road and Knights Trail Road as part of the Mirasol mixed-use development, the first residents of the Treviso Grand community are expected to go into their new homes around the beginning of April, 2019. 

This pet-friendly community is comprised of one, two and three-bedroom residences that range in size from 574 to 1,252 square feet. Interiors offer modern kitchens complete with stainless steel appliance packages, quartz countertops, and designer cabinetry. Each residence will feature sleek fixtures and finishes including wood-style plank flooring, 9-foot ceilings and a screened-in patio or balcony.

Residents will be provided with a variety of modern amenities including access to a 24-hour state-of-the-art fitness center with on-demand system to access and participate in aerobics, Pilates, yoga and other fitness classes.  A large pool deck with built-in grilling stations will overlook a heated saltwater pool.  A large clubhouse with game table, cyber café computer stations and daily coffee service for residents will be available for community events and will be available to reserve when hosting larger groups of friends or family. This smoke-free community also includes a central lake with walking path, two bocce ball courts, tot-lot, off-leash fenced in dog park, fire pit and outdoor pavilion.

The community is located within a small drive to Historic Downtown Venice with a large variety of shopping and dining options, farmers markets, and a variety of regular neighborhood events. With the perfect location, you are just minutes to work and play – the best of both worlds.

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JACKSONVILLE, FL – The Praedium Group, a New York City-based national real estate investment firm, announced the acquisition of The Point at Town Center in Jacksonville, Florida. Chris Hughes, Principal of The Praedium Group, made the announcement of the investment firm’s most recent acquisition.

Constructed in 2018, The Point consists of eight, three-tale apartment buildings and a clubhouse/leasing center. The property’s unit mix consists of one- and two- bedroom homes ranging from 580 SF to 1,325 SF, with an average unit size of 960 SF.  Unit interiors consist of quartz countertops in the kitchen and bathrooms, large undermount sinks, subway tile backsplash, stainless steel appliances, vinyl plank flooring, modern 42-inch cabinetry, designer LED lighting, framed bathroom mirrors, and full-size washer/dryers. Community amenities include swimming pool and shaded pool pavilion with summer kitchen, fitness center, yoga lawn, modern indoor/outdoor clubhouse with fireplace, dog park with wash station, and package concierge.

“The Point at Town Center presented an opportunity to buy an institutional quality, garden-style multifamily community in a desirable location adjacent to Jacksonville’s largest employment hub (Deerwood Park) and dominant retail center,” said Chris Hughes. “We believe Jacksonville is rapidly growing and this location, surrounded by over nine million SF of office and retail including Jacksonville’s renowned St. John’s Town Center, is ideal to ride the growth.”

Lindsay Schuckman, Associate of The Praedium Group, added: “The Point at Town Center is proximate to many of Jacksonville’s largest employers, including Deutsche Bank, Blue Cross Blue Shield, and Johnson & Johnson Vision. Additionally, there are 2,700 specified high-paying jobs coming in the immediate area over the next year, in addition to other unspecified jobs from nearby expansions such as the Mayo Clinic and Deutsche Bank.” 

The Point at Town Center is centrally located within Jacksonville between the area’s major roadways, Turner Butler Boulevard (SR 202), Interstate 95, and East Beltway 295. This location provides attractive visibility and connectivity to major hubs throughout the city, including University of North Florida (16,000+ students) and St. Vincent’s Medical Center (3,000 employees), each within 10 minutes of the Property, as well as downtown Jacksonville (15 minutes northwest), the beaches (15 minutes east), and Jacksonville airport (30 minutes northwest).

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PHOENIX, AZ – Greystar Real Estate Partners, a global leader in the investment, development, and management of high-quality rental housing properties, announced the acquisition of the 349-unit Crescent Highland on behalf of its real estate funds. The asset, located at 4626 N. 16th Street in the Camelback Corridor, represents an opportunity for Greystar to buy a best-in-class, highly amenitized property in a sought-after urban neighborhood favored by young professionals.

“The acquisition of Crescent Highland complements Greystar’s strategy of acquiring high-quality assets in rapidly growing markets like the Camelback Corridor,” said Kevin Kaberna, Executive Director and leader of Greystar’s U.S. Investment platform. “We were able to buy a groundbreaking new product below right replacement cost, and we believe our plot to leverage Greystar’s operational efficiencies will allow us to maximize the property’s potential and capitalize on the neighborhood’s enduring popularity.”

Completed in 2017, Crescent Highland is well positioned in the Camelback Corridor, which boasts one of the area’s most vibrant dining and entertainment scenes in Midtown/Uptown Phoenix as well as proximity to three major employment hubs representing approximately 192,000 jobs. The property has direct access to State Route 51 and is walking distance from over 30 restaurants and well loved grocery stores.

Residences feature nine-foot ceilings with high-end interior finishes, including vinyl wood-style flooring, quartz countertops, under-mount sinks, vintage-inspired black appliances, and full-size washers and dryers. Crescent Highland’s top-of-the-line amenities include a resort-style pool and spa with a poolside kitchen and lounge, outdoor grills, and a two-tale fitness center, as well as ground-floor retail including a craft beer restaurant.

As the nation’s largest apartment operator with 490,000 units under management, Greystar currently owns approximately 970 units in the Phoenix area and manages 24,560 more. Greystar will continue to leverage its local market expertise and deep industry relationships to identify attractive investments and management opportunities throughout the Phoenix area.

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