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Affordable housing planned at Lofts at San Marco East

Vestcor Cos.
vai Jacksonville Daily Record
Lofts at San Marco East will include a four-story building with elevators.

The Vestcor Cos. intends to start construction in the first quarter of 2023 on Lofts at San Marco East, a 172-unit apartment building at Philips Highway and St. Augustine Road.

Ryan Hoover, president of TVC Development Inc., part of Vestcor, said the project will comprise eight studios and 61 one-, 89 two- and 14 three-bedroom units that will rent from $830 to $1,200 a month.

The project is targeted for people who apply and verify annual income of 60% or less of the area median income, which is $35,160 for one person and up to $50,160 for a family of four.

Read the rest of this story at WJCT News partner the Jacksonville Daily Record.