12 Jan Vesta Gets Involved in Major Jacksonville Development
“Vesta is happy to formally announce its new consulting engagement with the developers of ‘The District’ in Jacksonville,” said Roy Deary, President of Vesta’s Amenities & Lifestyle Division. “The relationship began informally this past fall as members of our executive team assisted in the initial refinement of their vision and development plans in order to help create a unique place to live, work, and enjoy life to the fullest,” he said.
Through the intentional design for people’s optimal health and well-being, and other aspects of smart, cutting-edge planning, management, and programming, The District in Jacksonville will fulfill its theme of “Life Well Lived.” With the mixed-use project expected to break ground later this year, Vesta’s team, lead by David Surface, Vice President of Business Development, is currently providing its expertise in the areas of modeling various financial and ownership structures, offering concepts for amenities design and
programming, and coordinating the specific contributions of other potential technology, health and wellness, and programming partners for the developers. “We are extremely pleased to be a strong part of the planning and startup of The District,” said David Surface. “The developers are creating a one-of-a-kind community and lifestyle, and we are very excited to have this opportunity to help them bring their vision to life.”
“Located on the banks of the St. Johns River overlooking downtown Jacksonville, The District should feature at completion approximately 1,200 residential units, 225,000 square feet of retail space, 200,000 square feet of office space, an upscale hotel and a marina. Beyond our strategic consulting role, Vesta expects to continue on with the development by serving as the manager of both its master association and amenity facilities and programs, thereby helping to ensure a smooth, cohesive operation of the master planned community (although this part has yet to be formalized). In addition, the developers hope to eventually replicate their vision via joint ventures at other potential regional, national, and international locations, which Vesta would love to be a part of as well!”
About Vesta Property Services
Vesta Property Services provides financing, management and ancillary services to developers of planned unit communities and resident associations in connection with clubhouses, golf courses and other amenity and infrastructure facilities and commercial real estate management. Vesta’s goal is to provide communities with exceptional lifestyle services, a superior community management experience, and strong ﬁnancial support. Vesta Property Services was named “Top Residential property Management Firm” of 2015 by the Jacksonville Business Journal. To learn more about the company’s community management solutions, visit www.vestapropertyservices.com.
Vesta Property Services
904-355-1831 ext. 408