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SouthEast Development Group Adds Multifamily Housing to Laura Street Trio Development Plan

January 6th, 2022 · Leave a Comment

SouthEast Development Group has announced the expansion of its Laura Street Trio development plan to include 166 units of mixed-income multifamily housing.
The residential apartments will be housed within a new component of the plan. An 11-story, 160,000-square-foot building will be built adjacent to the Historic Florida Life Building as a second phase of the development. Construction will be concurrent with the rehabilitation and adaptive reuse of the historic Laura Street Trio buildings, which will feature a 142-room Autograph Collection Hotel by Marriott.

The new addition brings the total square footage of the Laura Street Trio development project to 250,000, at an estimated cost of $165 million. The Downtown Development Review Board will review the updated design plan for the expanded program at its next meeting, scheduled for January 13, 2022.

Twenty percent of the units will be offered as workforce housing for tenants earning up to 80% of the area median income (AMI). SouthEast Development Group will partner with the Jacksonville Housing Authority to support this critical community-building program.

The project team for the Laura Street Trio includes Dasher Hurst Architects, Danis Construction, Pyramid Hotel Group and Piper Sandler & Co. For additional information, visit southeastgroup.com.

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