Construction has concluded on a multi-family housing development in Jacksonville, Florida. Madison Fountains is an at-market-rate community featuring 276 homes. They are spread across multiple three- to four-story buildings, with homes ranging from one-bedroom to three-bedroom floorplans.
Per the community’s website, homes span 708 to 1,363 square feet, with rent starting at $1,351 a month. That’s on par with rent in the region, with RentCafé reporting that the average cost of a 974-square-foot apartment at $1,489 a month.
The smallest unit (pictured) starts at around 700 square feet. Image from the venture’s website
In-unit features include stainless steel appliances, granite countertops, and other high-quality finishings. Communal amenities include (but aren’t limited to) a swimming pool, dog park, and fitness center.
Benco Construction started sitework on Madison Fountains in 2022. The venture was made possible thanks to the acquisition of a $50.3 million construction loan. Madison Company was the developer; the firm recently opened a similar community to Madison Fountains, Madison Grove, in Central Florida.
Developers have been bullish on the Jacksonville area, with many residential ventures unfolding. Last year, Florida YIMBY reported on Avion Apartments, a 320-unit development that has since finished construction. Another project was Exchange at Cedar Creek, which secured much-needed permits in March.
Madison Fountains is located at 75 Teigan Trl., St Johns, FL, 32259, in Duval County.
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
Be the first to comment on "Construction Ends on At-Market-Rate Community at 75 Teigan Trl., St Johns, FL, 32259"