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American Landmark Expands Jacksonville Presence
American Landmark Expands Jacksonville Presence
August 31, 2023

The owner-operator has acquired a 322-unit community in a sought-after submarket.

American Landmark Apartments has expanded its portfolio in the Jacksonville, Florida, metro with the acquisition of The Wimberly at Deerwood from Olympus Property. The 322-unit development, located in southeast Jacksonville’s Deerwood submarket, is the firm’s sixth community in the metro.

The Tampa-based multifamily owner-operator has plans for an extensive renovation and repositioning of the property, which it has rebranded as The Drake at Deerwood.

“Jacksonville is benefiting from new and expanding employers in the region and has emerged as one of the fastest-growing cities in the country,” said Christine DeFelippis, chief investment officer. “A lower cost of living, diversified economy, and proximity to destinations like the beaches underpin future growth, and we’re excited to expand our footprint in the metro with a premiere, well-located, and well-maintained asset with plenty of upside potential.”

Built in 2000, the community offers one-, two-, and three-bedroom layouts from 659 to over 1,300 square feet. Interiors feature 9-foot ceilings, chef-style kitchens with stainless steel appliances, wood-style plank flooring, oversized closets, and patios or balconies. According to American Landmark, granite countertops, new kitchen backsplashes, and new cabinet faces will be added to each unit along with smart locks and thermostats, USB outlets, and new plumbing and lighting fixtures.

The community has a wealth of resort-inspired amenities, such as a swimming pool and sundeck, an outdoor kitchen with grills, a sand volleyball court, and two dog parks. Residents also have access to a community clubhouse with an oversized resident lounge, a movie theater, a media room, a billiards lounge, a game room, and a fitness studio. In addition, garages and boat parking are available for rent.

American Landmark plans to upgrade the clubhouse, fitness center, and the pool and outdoor kitchen area. In addition, it will add electric vehicle charging stations, package lockers, a new camera system as well as upgrade roofs, landscaping, and exterior paint.


Source: https://www.multifamilyexecutive.com/business-finance/transactions/american-landmark-expands-jacksonville-presence_o



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A large apartment building with cars parked in front of it
By Devin & Ciana Work Joint February 28, 2025
American Landmark Apartments (“American Landmark”), one of the nation’s top apartment owners and operators, and BH Group, a Miami-based real estate investment firm, celebrated the groundbreaking of The Current at City Center, a 350-unit apartment community located on the site of Southland Mall in the southern Miami-Dade Town of Cutler Bay. The residences mark the beginning of a seven-year, multi-phase, $1.5 billion buildout of the mall into Southplace City Center, a dynamic mixed-use development that will redefine the landscape of southern Miami-Dade County. Part of a large-scale project that will bring approximately 5,000 market rate apartments and condominium residences, the eight-story Current at City Center will include 24,000 square feet of ground retail and a new parking garage. Presidente Supermarkets, one of the country’s largest Hispanic-owned grocery chains, will occupy the entirety of the building’s ground floor retail and will have a one-of-a-kind design that aligns with the overall vision and strategy of Southplace City Center. “This groundbreaking is a crucial step in fulfilling our goal of creating a more vibrant and connected community in Cutler Bay and all of southern Miami-Dade County,” said Joe Lubeck, CEO of American Landmark. “As we break ground on The Current at City Center and Southplace City Center as a whole, we envision a focal point for the area where residents have a true live-work-play option that satisfies the growing need for housing, updated retail, communal spaces, casual and high-end dining, and much more. We are thankful for the collaborative efforts of Miami-Dade County and the Town of Cutler Bay as they share their passion for the economic growth and modernization of this area.” “With The Current at City Center now underway, this groundbreaking marks the beginning of a new era for Miami-Dade County,” added Isaac Toledano, Founder and CEO of BH Group. “This is only the beginning of what will become one of the area’s most transformative developments bringing greater economic opportunity, innovation, and inspiration for what can be accomplished in this exceptional community.” Located at 20505 S Dixie Hwy, The Current at City Center will deliver modern, upscale residences designed to meet the growing demand for high-quality housing in Miami-Dade County. The new development will feature 350 apartment homes along with a comprehensive array of luxury amenities including a resort-style pool, state-of-the-art fitness center, resident lounge, dog park, and lush outdoor gathering areas. The transformation of Southland Mall into Southplace City Center will introduce more than 5,000 market rate residential units, 500,000 square feet of retail, dining, and entertainment space, a 60,000-square-foot medical center, a 150-key hotel, and extensive green spaces. The project will be adjacent to Miami-Dade County’s new Bus Rapid Transit (BRT) system, enhancing regional connectivity and accessibility. Developed by American Landmark in partnership with BH Group, Southplace City Center is expected to generate approximately 3,000 new jobs during construction and $44 million in revenue within its first five years with 2,000 permanent jobs thereafter, reinforcing Culter Bay’s position as a key hub for residential and commercial growth. The 100-acre property will feature a reimagined retail center with direct storefront access, improved parking, and a dedicated community space for events such as concerts and farmers’ markets. Current major retailers include Macy’s, JCPenney, Regal Cinemas, Florida Technical College, TJ Maxx, Old Navy, DSW, ROSS Dress for Less, LA Fitness, Five Below, Olive Garden, Buffalo Wild Wings, and Applebee’s. The retail, design, and construction team for Southplace City Center includes Urban Retail Properties, LLC, MSA Architects, RSP Architects and general contractor American Engineering & Development Corp. Construction of The Current at City Center is expected to be completed by Q3 2027. #thatscommunitynews #communitynewspapers #miamidade #miamidadecounty #thatscommunity #miamicommunitynews #coralgables #palmettobay #southmiami #doral #aventura #pinecrest #kendall #broward #biscaynebay
By Devin & Ciana Work Joint September 18, 2024
Blue Goose property has 300 units
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