Jacksonville, FL –WRH Realty Services, Inc., a full-service real estate investment, property management, construction and consulting firm has been awarded the management contract for the Lofts at LaVilla, a 130-unit affordable housing apartment building in Jacksonville, FL.
Groundbreaking for Lofts at LaVilla was held on Wednesday, October 26th on Water Street near the Prime Osborn Convention Center in the heart of downtown Jacksonville. Upon completion, the five-story building will be limited to residents at 60 percent of the median income for the area. Rents will start at $634. The downtown lofts offer a wide array of studio, one, two and three bedroom lofts. The community will feature impressive floor plans, spectacular views, a fitness center, resident lounge and dog park.
The $22 million project was financed with a combination of funding from Florida Housing Finance Corporation tax-credits, the Downtown Investment Authority and Jacksonville Housing Finance Authority. Lofts at LaVilla is being developed by TVC Development, part of The Vestcor Companies, and is expected to be completed in fall of 2017.