Jacksonville homebuilders team up for 200-plus development in Oceanway neighborhood by Jacksonville Business Journal
Jacksonville homebuilders team up for 200-plus development in Oceanway neighborhood
Jan 6, 2015, 3:10pm EST Updated: Jan 7, 2015, 8:36am EST
TerraWise Homes has teamed up with local homebuilders Dostie Homes and D.S. Ware Homes for a 200-plus lot community development project in the Oceanway neighborhood.
Cedarbrook, a 57-acre development, will be located on the Northside, near the River City Marketplace and Jacksonville International Airport. The community will offer a variety of architectural styles, including energy efficient homesites.
Construction on the first phase of the project, which includes streets and infrastructure, has recently been completed, with 70 lots laid out.
Two of the three model homes are under construction and slated to be finished within about a month, said David Shacter, president of TerraWise, an energy efficient homebuilder with developments primarily in Springfield. A TerraWise model home is expected to be complete this spring.
TerraWise started nearly two years ago, purchasing old home lots in Springfield and rebuilding them into energy-efficient homes. The company has four homes finished and three under construction all within walking distance of each other on the east side of Main Street.
Homes will range from 1,800 square feet to over 3,000 square feet with prices starting at $200,000s to $400,000s.
Development costs are estimated at $50 to $60 million.