RangeWater Real Estate has closed on its fifth property in Jacksonville, Fla., with plans to build Olea eTown, its most walkable development in the area to date.
RangeWater plans to break ground this spring on Olea eTown, located at 11385 Exchange St. The 192-unit, age-targeted community will have one-, two- and three-bedroom apartment homes on a 5.73-acre property. The community will be spread among three buildings with socially inspired amenities, including a dog park and open greenspace.
Olea eTown is being designed for those 55 and older who desire an active-adult living environment. This is a growing demographic as many downsize from family homes and move toward retirement. Olea eTown is RangeWater’s fifth development in Jacksonville and the company’s fourth Olea community.
“As we continue to expand RangeWater’s Olea platform in Jacksonville, we’re offering more of what we see this resident profile demands,” said Steven Shores, chairman and CEO
