Introducing Origin Onsite, a video series where members of the Origin investment management team host updates on development projects in our portfolio. On this update, Origin Associate Vice President of Investment Management Ken Lodge takes us through RISE Bartram Park (formerly Linden House), a 297-unit multifamily development project spread across three four-story residential buildings. Part of the Origin IncomePlus Fund, the project is located about 25 miles southeast of Jacksonville in Bartram Park, a 5,000-acre mixed-use site adjacent to the affluent Ponte Vedra submarket.
The first part of our virtual tour offers a look at the variety of shopping options within walking distance or with minimal commute for residents of RISE Bartram Park. One of these is Pavilion at Durbin Park, a two-phase project nearing completion that will stretch over 1,600 acres, making it the largest shopping center in northeast Florida.
In this next clip, Ken shows us around the nearly completed clubhouse. With a resident lounge and comfortable seating, a pool table, fireplace, TV and coffee bar, the clubhouse is meant to foster community at RISE Bartram Park. A test kitchen with banquette seating will host events such as wine tastings and breakfast on the go catered by local eateries. And several offices and a conference room are available to work-from-home residents who want a change of scenery from their apartments.
But wait, there’s more! Additional amenities include a secure package delivery room. That’s just down the hall from a two-story fitness center that features floor-to-ceiling windows looking out onto the outdoor amenity spaces. The first floor will contain cardio and strength training equipment, then on the mezzanine level, there is a fitness studio overlooking the first floor. The fitness studio will host classes for sign-up such as yoga, barre or spin. These events will be hosted by third parties.
Outside amenities include two resort-style swimming pools, a bar and cabana area, outdoor grilling stations and a spacious, manicured lawn.
Moving on from the amenities, Ken takes us through a nearly complete unit on the fourth floor of Building 1—a two-bedroom corner unit and one featuring floor-to-ceiling windows. All units will come equipped with granite counter tops, Whirlpool stainless steel appliances, luxury plank flooring, managed fiber internet, smart locks to control access, smart thermostats to control the utility bill, walk-in closets and a full-sized washer and dryer.
Finally, Ken shows us another fourth-floor unit with double-height ceilings and floor-to-ceiling windows. This unit and many others will look out onto Bartram Commons, which is currently in the development phase and includes nine parcels of retail space and about 1,000 units of apartments. This is further evidence of the significant demand for Class A product that exists in this submarket.
Our active investment management strategies—from location to design to amenities—translates into potentially higher returns for our investors. We are pleased that construction has progressed so well, and so are future residents: As we complete the development phase of RISE Bartram Park, a portion of the units have already been pre-leased. We are excited to welcome them and many others to their next new community.
The IncomePlus Fund is currently open for investment. If you are interested in learning more, visit the Fund offering page.