Vestcor Buys Murray Hill Property For Apartments
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.