First Multifamily Development Underway at Wildlight

Posted
MEDIA RELEASE

Contact: Maddie Milne

(904) 398-5222

[email protected]

May 8, 2018 5:11 p.m.

WILDLIGHT, FL – May 8, 2018 – Today, Raydient Places + Properties announced that Atlanta-based Varden Capital Properties (VCP) and Tellus Partners will work with Buckhaven Construction Services (BCS) to develop a 279-unit apartment complex on 12.7 acres in Wildlight, the new town under development in Nassau County. The apartment complex will include a variety of amenities including a pool, fitness center, clubhouse and dog park.

“Tellus Partners is excited to work with Varden Capital Properties and Buckhaven Construction Services to develop the first apartment complex in Wildlight,” said Garrison McMillan, Principal, Tellus Partners. “We were immediately drawn to Wildlight’s master plan and approach to architecture, inspired by the area’s culture, heritage and natural beauty.”

Wildlight’s apartments will range in size from one bedroom, one bathroom at 662 sq. ft. to three bedrooms, three bathrooms at just over 1,300 sq. ft. The development team engaged locally-based architect, Group 4 Design, to design Wildlight’s first multifamily residential development using the community’s Florida Lowcountry architectural design guidelines.

“Wildlight’s apartments will provide another quality housing option for future residents within the Florida Lowcountry,” said Charles Adams, Vice President of Community Development for Raydient Places + Properties. “We look forward to working with Tellus Partners, Varden Capital Properties and Buckhaven Construction Services to bring the apartments to life.”

The first units are expected to be available to lease in 2019. Final construction completion is planned for 2020. Terms of the sale have not been disclosed.