EJF Capital and Chance Partners have plans to develop a two-building, 486-unit multifamily housing community in the historic San Marco neighborhood of Jacksonville, Fla.
The project, known as San Marco Crossing, is being developed on nearly nine acres consisting of three parcels in an area certified as an opportunity zone under the Tax Cuts and Jobs Act of 2017.
“EJF continues to identify and execute on attractive opportunity zone investments across the United States and bring our financial resources and real estate operating expertise to communities that need it most,” said Neal Wilson, EJF co-founder and COO. “We are excited to partner with Chance Partners on San Marco Crossing, which will bring high-quality multifamily units to this growing area and create a significant number of construction jobs as well as permanent property management positions. We believe small businesses in San Marco will also benefit from the added economic vitality that results from th
