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Vestcor Buys Murray Hill Property For Apartments

exterior of building on site
Jacksonville Daily Record
The Jacksonville developer paid $2.1 million for the site targeted for residential and retail use.

Murray Hill, the 113-year-old neighborhood west of Riverside and Avondale, has attracted another investor.

Jacksonville-based apartment developer Vestcor Inc. paid $2.1 million Wednesday for 3.69 acres at 840 Edgewood Ave. S., anchored by a two-story, multitenant Bank of America building.

Vestcor proposes a $25 million mixed-use project at the site. It bought the land through VC Murray Hill LLC.

Read the rest of the story at the Jacksonville Daily Record.