<body><div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=4KVUD0_13pr4WHX00" alt="https://img.particlenews.com/image.php?url=4KVUD0_13pr4WHX00" width="820" height="509" >A hybrid multifamily, build-to-rent development is moving forward in Jacksonville. Commercial Edge reports Ceiba Groupe secured a $40.2 million construction loan for Royal Palms Main Street, a 227-unit project located at 15275 N. Main St. Crestline Investors provided the debt in a deal arranged by JLL Capital Markets. Completion is slated for early 2027.The community will consist of 168 one— and two-bedroom multifamily apartments and 59 townhome BTR units with three— and four-bedroom layouts. Amenities will include a clubhouse, a swimming pool, a gym, a clubroom, a dog park, a pet spa, a children’s playground and climate-controlled storage units. Ceiba Groupe was represented by JLL’s Chris Drew, Brian Gaswirth, Kenny Cutler and Justin Ratcliffe in the debt acquisition.The mixed-configuration project is not totally unique. Greystar started construction on Old Ivy Residences in Albemarle County, Va. It will deliver 336 garden-style multifamily apartments and 189 three-bedroom townhomes and detached houses. ConnectInside The StoryMike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.</div></body>

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A hybrid multifamily, build-to-rent development is moving forward in Jacksonville. Commercial Edge reports Ceiba Groupe secured a $40.2 million construction loan for Royal Palms Main Street, a 227-unit project located at 15275 N. Main St. Crestline Investors provided the debt in a deal arranged by JLL Capital Markets. Completion is slated for early 2027.

Developer Combining Apartments/BTR Homes in Jax Project

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A hybrid multifamily, build-to-rent development is moving forward in Jacksonville. Commercial Edge reports Ceiba Groupe secured a $40.2 million constructio

Developer Combining Apartments/BTR Homes in Jax Project

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