Madison Palms is an affordable housing complex slated for Jacksonville, Florida. The Jacksonville Daily Record reports that the residential community will comprise 240 units on a 12.16-acre lot.
Site plans reveal that the homes will be spread across eight three-story buildings, centered around a pond. Units will comprise one-bedroom to three-bedroom units. There are 96 one-bedroom units, 96 two-bedroom units, and 48 three-bedroom units.
The venture will rest on a 12.16-acre plot.
Eligibility depends on a household’s income level and how many people reside in the household. Sources note that 132 units are reserved for those making at or below 100 percent of the area median income (AMI), while 97 are for those making 60 percent of the AMI.
Finally, 11 of the units are for those making 33 percent of the AMI. Communal amenities are mostly located on the west side of the property, offering a children’s playground, swimming pool, clubhouse, and dog park.
Madison Palms will cost $56.3 million to complete. The Jacksonville City Council approved a $5 million construction loan. The Vestcor Companies, Inc. is the developer. Bold Line Design LLC is one of the venture’s consultants. As of November 2022, Madison Palms was in its conceptual design phase.
Construction could start in Fall 2023 and take anywhere from 12 to 18 months to complete. Madison Palms’ address is 8300 Merrill Road, Jacksonville, Florida, 32277, in Duval County.
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I was hoping that this would a nice residential area going in the spot where a church had been. I’m excited to see the completed process this is a great area for the complex and much needed. I know that it will be a nice and welcoming place for the residence around especially the subdivision next to it Sunrise Ridge next to 295. Great Investment Investors Welcome to the Arlington community 😀
How can I get on waiting list for Madison palms
Hello, how can I apply?
Please please tell me how Merrill road will be able to handle this extra traffic!! It just can’t it can’t handle it now! How will these people be able to exit and enter left hand turns how? Merrill is already dangerous and soo crowded all times of day this is crazy and was not well planned out there is no light there don’t know if it’s even possible to put one there accidents waiting to happen unless there is a new driveway going into
The property I don’t see. Not future but now someone will be hurt totally irresponsible and not caring
Merrill rd is congeste, I hope thought was put into traffic
How can I get on the list for an affordable apartment?