Developer Scores Construction Loan for Jacksonville 227 Unit Multifamily

Ceiba Groupe affiliate secures a $40.2 million construction loan for a new 227-unit multifamily and built-to-rent project along Main Street in Jacksonville, representing significant investment in the city's growing residential market. Source: costar.com

Aviation Firm Announces New Jax Manufacturing Facility, HQ

Otto Aviation has announced plans to establish a new manufacturing facility and corporate headquarters in Jacksonville, representing a significant aerospace industry investment in the region. The project will bring advanced aviation manufacturing capabilities to Jacksonville while consolidating the company's operations in Florida. This development strengthens Jacksonville's position as a growing aerospace and advanced manufacturing hub, creating high-skilled jobs and supporting the region's diversified industrial base. Source: globenewswire.com

Gateway Jax Starts Second Apartment Project

Gateway Jax has begun construction on its second apartment project within the $750 million mixed-use district development. This multifamily construction represents continued progress on one of Jacksonville's largest urban redevelopment initiatives, adding residential density to the downtown area. The project contributes to Jacksonville's goal of increasing downtown residential options while creating a walkable, mixed-use community that combines housing, retail, and office space. Source: multifamilydive.com

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