From campus to condos
Hudson Capital LLC and AMC Delancey Inc will team up to buy $31.5 million worth of property from Jacksonville University, a move designed to alleviate the university’s debt.
The land, covering 62 acres will be re-developed into condos, townhomes and retail space. Also expected to be added is a marina, golf & yacht club and a movie theater.
They haven’t yet disclosed what the going rate will be for buying a home there but past sales in the area indicate that a minimum of $200,000 would not be an unreasonable figure to expect.
http://tinyurl.com/ns7z4
