JACKSONVILLE, FL–EJF Capital LLC and Chance Partners haveannounced a joint development of a two-building multifamily housingcommunity in Jacksonville, FL. The 486-unit complex in the historicSan Marco neighborhood will transform nearly nine acres of land.The $86 million development, known as the San Marco CrossingProject, is expected to break ground in Q3 2019, with plans to openin Q4 2020.

Three parcels of the project's currently underused property arelocated in an Opportunity Zone.

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Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.