David Weekley Homes announced Wednesday it will introduce its “Central Living” brand in Jacksonville on property it bought June 27 at Southside Quarter south of St. Johns Town Center.
The company plans to develop 135 attached townhouses and detached single-family homes that include open designs, a low-maintenance lifestyle and private outdoor living areas.
Central Living is the company’s high-density division that offers luxury housing in prime locations. It was launched in 2008 in Houston, where David Weekley Homes is based.
The company said site development will start this month and the first home plans are expected to be released early next year, with availability in mid-2018.
It bought 11 acres from Hines, an international real estate investment firm, for $6.05 million. First Continental Investment Co. Ltd. issued a $7 million mortgage.
Hines is developing the 105-acre Southside Quarter at southwest Interstate 295 and Butler Boulevard, along Gate Parkway.
The development includes retail stores, restaurants, office space, a hotel, residences and other uses.
Jon Morris, David Weekley Homes division president for Jacksonville and Panama City, said the company has been building in the Jacksonville area since 1998. It is developing in at least 14 area communities.
Morris said the Jacksonville location is “close to everything, including a variety of entertainment, shopping, dining, cultural landmarks and key area employers.”
David Weekley Homes said Central Living has expanded to 13 markets, including Atlanta, Austin, Charlotte, Dallas/Fort Worth, Orlando and Tampa.
Lane Gardner, Hines managing director, said the Central Living residential project “is perfect for those who want a central location and the ability to walk to work, retail and restaurants in a high-quality environment.”
Hines also is developing apartments next to the David Weekly Homes site and has released designs and preliminary site plans for the first two 125,000-square-foot office buildings.
The release said the final architecture, elevations and Central Living plans are being customized for Southside Quarter and will be released as they become available.
David Weekley Homes, founded in 1976, operates in 22 cities across the United States.
Hines, also based in Houston, is a privately owned global real estate investment firm founded in 1957 with a presence in 189 cities in 20 countries.