DENVER, Aug. 12,
2022 /PRNewswire/ -- Avanta Residential today
announced that the firm closed on approximately 20 acres on two
adjacent land sites in Jacksonville,
Florida to develop a built-for-rent community.
The community, called Avendale at Westgate, marks Avanta's
first project in Florida.
The single-family rental community will consist of 157 two and
three-bedroom luxury townhomes with an average square footage of
1,516. Community amenities will include a leasing center,
clubhouse, and resort-style pool, and will offer connectivity to an
adjacent city park with a playground, soccer fields, and open
areas.
"We are thrilled to expand our footprint in Florida," said Terence
Johnson, Senior Vice President of Development. "The
location of Avendale at Westgate is ideal, with its proximity to
national retailers as well as major employers."
Avendale at Westgate is located in a rapidly growing area of
Jacksonville just south of Beach
Boulevard and only 3.5 miles from St. Johns Town Center, a large
retail and dining destination featuring numerous national retailers
including Apple, Nordstrom, Target, TopGolf and Publix Grocery
store. Major employers located near Avendale at Westgate
include Johnson and Johnson, CEVA Logistics, St. Vincent's
healthcare, Web.com and Deutsche bank.
Avanta, headquartered in Denver, was formed in 2020 to respond to the
increasingly popular purpose-built single-family rental
industry. Avanta is continuing to add to its already
experienced team to execute on its development pipeline.
Avanta plans to deliver homes at Avendale at Westgate in
2023.
About Avanta
Avanta is setting the standard in the build-for-rent
communities' industry. Avanta was created out of the deep
experience of Hunt Companies Inc., a diversified, family-owned
holding company with more than $8.5
billion in completed real estate developments, including the
development of over 70,000 single-family rental homes across
the United States, 50,000 of which
are still own and operated today. Avanta is committed to
developing thoughtful, well-designed, amenity-rich single-family
homes for lease throughout the U.S. Avanta is active in
Texas, Florida, Georgia, and Colorado and is expanding its footprint.
For more information, www.avantaresidential.com.
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SOURCE Avanta Residential