CHARLOTTE, NC, April 20, 2021 / PRNewswire / – Madison Capital Group, LLC bought approximately 11 acres in St. Johns, FL. The project is located next to Ascension St. Vincent’s $ 115 million newest hospital. The CR 210 corridor is the gateway to the award-winning Nocatee Master Planned Community and Beachwalk that have combined to deliver thousands of luxury homes, over a million SFs in new retail stores, a 14 acre crystal lagoon and many other attractive uses. The sub-market is characterized by strong demographics, exceptional immigration patterns (accelerated by COVID) and convenient access to the city center Jacksonville.
The CharlotteThe multi-family business will develop a 280-unit apartment complex called Madison Nocatee. The project will include four-story buildings and a clubhouse. Amenities include a two story clubhouse, fitness center, swimming pool and club room.
Construction on the project is expected to start in 2021.
This is the first development in the Jacksonville Area for MCG. The company currently has similar projects under construction in The Carolinas. Virginia, Tennessee and Florida. Madison currently has 5 other active deals in Florida, located in Orlando, Tampa, and Bonita Springs.
Madison Capital Group, LLC is based in Charlotte, NC and is focused on developing suburban garden mutli family projects throughout the southeast with a focus on Nashville, Charlotte, Raleigh, and Florida.
SOURCE Madison Capital Group