Middleburg Communities Starts Construction on 250-Unit Single Family Rental Community in Planned Development Near Jacksonville

Middleburg Communities Starts Construction on 250-Unit Single Family Rental Community in  Planned Development Near Jacksonville

JACKSONVILLE, FL - Middleburg Communities, a Vienna, Virginia-based real estate investment, development, construction and management firm, in partnership with Parse Capital, a subsidiary of The Wolff Company, have started construction on The Hamlet at Wildlight, a 250-unit, single family rental community on a 31-acre development site in the 2,900-acre Wildlight Master-planned community in the Jacksonville MSA. The Hamlet at Wildlight will include cottages, townhomes and duplexes. Construction is expected to be completed in Q4 2023.

Middleburg is poised to be a national leader in newly-developed single family rental communities, with plans to start construction on nearly 2,700 units in 10 communities throughout the Southeast U.S. this year. The firm is actively expanding its construction team based out of its Charlotte, NC division office to support this growth, including the recent opening of a new division office in Orlando, FL which will staff project managers, project engineers, and field superintendents.

Middleburg is building dedicated built-to-rent communities that offer the privacy and outdoor space of traditional single-family detached homes, but do not require a down payment or maintenance from the residents. By having onsite staff, BTR communities feature better professional management than a typical single-family rental.

Middleburg's The Hamlet-branded SFR communities blend the comforts of a single-family home and the welcoming feel of a neighborhood, with the flexibility and ease of maintenance-free living. Each location features best-in-class amenities and environmentally friendly design.

The Hamlet communities are anticipated to draw interest from current multifamily apartment residents as well as existing single-family home renters and would-be buyers. Building on Middleburg's proven market strategies, The Hamlet communities are well-located in high job growth Southeastern markets near major arterial highways, grocery, retail, entertainment and healthcare services, quality school districts and job centers. Community designs utilize Traditional Neighborhood Design principles with cottages oriented toward shared outdoor spaces and fronting pedestrian-friendly, tree-lined streets. Sustainability and walkability are emphasized in each community's design.

Wildlight is a newly developed 2,900-acre community planned for 3,200 units and 6.2 million square feet of commercial development along with parks, a 10-mile trail network, wellness facilities and an abundance of permanently preserved open space including ballfields. Wildlight is situated just 20 minutes north of Jacksonville along I-95 in rapidly growing Nassau County. Existing and announced employers include UF Health, YMCA, HCA Healthcare, Baptist Health and Publix. The Hamlet at Wildlight will be proximate to the new Wildlight Elementary, which carries a 9/10 Great Schools rating.

Source: CONTI Capital

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