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.
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