Sentinel Real Estate Nabs Jacksonville Community

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Drift in the city center to the east. Image courtesy of Sentinel Real Estate Corp.

Sentinel Real Estate Corp. acquired Bainbridge Town Center East from Bainbridge Cos. As part of this acquisition, Sentinel changed the name of the property located at 5000 Kernan Blvd. S. in Jacksonville, Florida as Drift at Town Center East.

The 17-acre property comprises 10 three-story buildings ranging from one to three bedrooms. All suites have wood floors in kitchens and living rooms, quartz countertops, stainless steel kitchen appliances, washers and dryers, and smart thermostats.

Amenities at Drift at Town Center East include a seawater pool with poolside gazebos, a poolside lounge with grills and a fire pit, a 24-hour fitness center, a shared lounge, games room, an outdoor club and a dog deck. a park and spa for pets; and an exercise trail.

The 17-acre complex is located in the heart of the affluent Southside of Jacksonville. It is located 14 miles southeast of the city city ​​center and 10 miles west of the beaches. The community is 1 mile from downtown St. John’s, a major hub for shopping, dining and entertainment.

“(This) was a particularly attractive investment as it was built by a renowned national developer and offers best-in-class apartment interiors and public amenities, as well as easy access to downtown Jacksonville and Southside employment centers. We hope to (create) value for both our residents and our investors, ”said Michael Streiker, President of Sentinel Real Estate. Apartment buildings news

Drift at Town Center East is located just off J. Turner Butler Boulevard and has easy access to Interstates 295 and 95, which are 1.5 and 6 miles respectively.

The Duval County Hotel is also half a mile from the University of North Florida and just 3 miles from the 18 million square foot Deerwood office park, where major employers include Bank of America, Johnson & Johnson, Florida Blue and JPMorgan Chase. Mayo Clinic is located on nearby Beach Boulevard.

Multi-family expansion

According to the Yardi Matrix, there were 26 properties in Jacksonville as of June, with a total of 6,363 under construction, with a further 6,148 in the planning and permitting stages.

Northeast Florida has seen significant population growth and continues to show strong fundamentals in 2021, following steady growth in rents in 2020. According to the Yardi Matrix, according to the Yardi Matrix, as of July, average rents in the Jacksonville metro were up 4.6 percent.

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