A new luxury multifamily community called Atlantica at Daytona is set to be constructed in Daytona Beach, Florida. The development will consist of 341 units and will be built by Sovereign Properties in partnership with Invest Capital Group. The joint venture partners secured a $77 million loan for the development’s construction. Broadshore Capital Partners provided the loan for the project with 75 percent loan-to-value over a three year period.
The Atlantica at Daytona project was able to secure funds with the help of the Capital Markets Debt Advisory team at JLL. The team included Senior Managing Director Gregory Nalbandian, Senior Director Jesse Wright, and Associate Joshua Odessky.
The project will be located at 1799 North Williamson Boulevard in the North Daytona Beach submarket, providing easy access to Interstate 95, which directly connects to Jacksonville, Orlando, and Miami. Future residents will have access to nearby dining, retail, and entertainment venues, in addition to being just 5 miles away from Daytona International Airport, Volusia Mail, and Advent Health Daytona Beach.
Development Plans for Atlantica at Daytona Community
The Atlantica at Daytona community will be a garden-style community consisting of seven buildings. It will feature 341 apartments with a mix of one, two, and three-bedroom apartments, with an average size of 981 square feet. The units will have modern kitchens with stainless steel appliances and quartz countertops. In addition, the interior design features wood-style vinyl plank flooring and white shaker cabinets with matte black finishes.
The community will have access to several amenities such as a resort-style pool, BBQ grill station, and a screened lanai with a fireplace. There will also be expansive screened patios and balconies, an outdoor summer kitchen, a co-working space, game room, bar, dog park, high-tech fitness center, and more. The developer expects the first units to be open and ready for occupancy by October of 2024.
Frequently Asked Questions
When will Atlantica at Daytona be available for occupancy?
The first units of Atlantica at Daytona are expected to be ready for occupancy by October of 2024.
What are the amenities that Atlantica at Daytona will offer?
Atlantica at Daytona residents will have access to a variety of shared amenities that include a resort-style pool, BBQ grill station, screened lanai with a fireplace, expansive screened patios and balconies, an outdoor summer kitchen, co-working space, game room, bar, dog park, and high-tech fitness center.
Who is providing funding for the construction of Atlantica at Daytona?
Broadshore Capital Partners provided the three-year, 75 percent loan-to-value loan for the Atlantica at Daytona project, while the Capital Markets Debt Advisory team at JLL secured the funds on behalf of the borrowers.
