Bainbridge Opens Luxury Jacksonville Community
The developer financed the project's construction with a $48.5 million loan from First Citizens Bank & Trust Co.
Bainbridge Avenues Walk, a 372-unit luxury community in Jacksonville, Fla., has opened its doors to residents. The Bainbridge Cos. developed the Class A property after obtaining the construction permit in April 2021, according to Yardi Matrix information. The same data provider shows the company received a 5-year, $48.5 million construction loan from First Citizens Bank & Trust Co. in 2020.
Located at 10598 Cordgrass Lane, Bainbridge Avenues Walk is near the intersection of interstates 295 and 95. There are many retail spaces, dining and entertainment options in the area, such as The Avenues Commercial Center, Urban Air Trampoline and Adventure Park and Regal Avenues Cinema. Green areas like Losco Regional Park, 94 Mitigation Parcels and Greenland Park are also nearby.
The Class A property encompasses six four-story buildings with one-, two- and three-bedroom units ranging from 790 to 1,473 square feet. All apartments feature washers and dryers, patios or balconies and enclosed garages. Common-area amenities include a fitness center, clubhouse and swimming pool.
The luxury community is located in the Southside submarket of Jacksonville, a metro that witnessed significant population growth and strong economic rebound during the first months of the year. More than 8,300 units were under construction in Jacksonville as of August, according to Yardi Matrix data.