New Offering: 19-Acre Multi-Family Development Site in St. Augustine, FL

Download Offering Materials: Silver Chase Development Site

Capstone Apartment Partners is proud to present the Silver Chase Multi-Family Development Site: a ±19.68-acre land site conveniently located on Highway 16 in St. Augustine, FL. Its location provides connectivity to I-95, as well as to the rest of the St. Johns County submarket. A developer will have the ability to rezone this property to PUD/Non-Agricultural Use, which will allow for a density of up to 13 units per acre after entitlements are awarded. The site is ideal for a 256-unit, luxury Class A multi-family development catering to new families moving to the area.

Investment Highlights
Proximity to Silver Leaf Master Planned Community and High-End Retail
Home Value Growth Creates Ideal Opportunity for Class-A Multi-Family Product in the Area
St. Johns County Boasts the Highest Household Income in Florida
Submarket Unemployment Rate of 3.4% is One of the Lowest in Florida
Ease of Access and Connectivity to the Fast-Growing Jacksonville MSA