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Pulte plans 240 apartments at Flagler Center.","categories":[],"allCategories":[{"sectionName":"","channelName":"GlobeSt Market"},{"sectionName":"","channelName":"Globest Topics"},{"sectionName":"Miami","channelName":"GlobeSt Market"},{"sectionName":"Orlando","channelName":"GlobeSt Market"}],"bodyArray":["(To read more on the multifamily market, <a href=\"http://www.remnewsletters.com\">click here</a>.) JACKSONVILLE, FL-Pulte Home Corp. has purchased 48 acres at Flagler Center for $11.4 million or $237,500 per acre ($5.45 per sf). However, only 41 acres are developable, bringing the effective land cost to $278,049 per acre or $6.38 per sf. Pulte plans 240 apartments on the site. Flagler can also develop an additional 260 apartments if it chooses to do so, says J.J. Conners, Flagler's vice president and market officer. \"In response to a very strong residential and office market, Flagler modified the existing development rights at Flagler Center in 2004,\" Conners says. The change added 500 apartment units to the development. \"We enhanced the value [of Flagler Center] through the entitlements process a year ago.\" Pulte joins other national owners at Flagler Center, such as Baptist Medical, Citicorp, Nuvell and Baker Distributing."],"slides":[],"video":null},"articlePackages":[],"youmightlike":null,"readnext":{"contents":[{"uri":"/2025/07/10/florida-ends-tax-on-commercial-rent-bringing-relief-to-tenants/","title":"Florida Ends Tax on Commercial Rent, Bringing Relief to Tenants","byline":"Anthony Russo","summary":"The removal of the tax will increase the state's competitive advantage and lure more folks to Florida. 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