Robbins Pronounces Acquisition of 147-Unit SoBA Luxurious Condominium Group in Increasing Submarket of Jacksonville, Florida

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Robbins Announces Acquisition of 147-Unit SoBA Luxury Apartment Community in Expanding Submarket of Jacksonville, Florida

JACKSONVILLE, FL – Robbins Property Associates, a vertically integrated multi-family owner and operator based in Tampa, has acquired SoBA Luxury Apartments, one of the newest housing developments in downtown Jacksonville. Robbins Property Associates acquired the property from Atlanta-based Catalyst Development Partners.

The four-story boutique residential complex is located on the Southbank in the fast-growing submarket of downtown Jacksonville (downtown). The downtown location of the property offers residents a luxurious city life in a pedestrian-friendly area. SoBA is just a few minutes' walk from St. Mark's Square and is close to highly sought-after restaurants, shopping, and entertainment. Its central downtown location also provides direct access to Jacksonville's finest medical facilities, the thriving arts scene and the bustling Central Business District.

“We started to focus on Jacksonville as a target market again in early 2020 and are excited to be re-establishing a presence in the city. The timing was ideal as Jacksonville has picked up rapidly in both occupancy and rental growth due to the pandemic, and we plan to continue our expansion in the market, "said Neal Herman, Managing Director of Investments, RPA.

The project with 147 units was completed in 2020 and offers one, two and three-room apartments with open floor plans. Units have sophisticated finishes, including gourmet kitchens with granite countertops and stainless steel appliances, walk-in closets, and patios with great city views.

Residents enjoy a luxurious amenity package consisting of a stunning resort-style pool with loungers in the water, a state-of-the-art 24-hour fitness club and an outdoor yoga garden. Other outdoor amenities include an open-air games lounge, a summer kitchen with gas grill stations and communal dining, and an outdoor lounge with market lights and a gas fire. As a pet-friendly community, SoBA offers an indoor self-service care spa for four-legged residents.

The community also features a large club room with a Starbucks beverage café, game room, and business lounge. SoBA's business lounge and coworking spaces become a center of creativity while promoting comfortable corners and a private meeting room to maximize productivity.

"SoBA residents will appreciate the accessibility of both San Marco and downtown Jacksonville," said Kristi King, COO, RPA. "SoBA offers a boutique community with quality interiors and amenities in close proximity to healthcare workplaces and an established retail and restaurant hub."

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