Real Estate News
Azure Oceanfront Residences Awarded To Craft Construction
JACKSONVILLE BEACH, FL - Craft Construction has been awarded Azure Beach Residences, Jacksonville Beach's newest luxury oceanfront condominium developed by Related Group (Related). The 26-unit, nine-story Azure comes as Jacksonville Beach experiences its peak renaissance from the city's growth over the last ten years. Craft's expansion into Jacksonville will continue to focus on the company's deep experience in residential, industrial and hospitality projects.
"With thousands of people moving to Florida every day, Jacksonville's evolution into a true luxury destination has accelerated exponentially," said Jon Paul Pérez, Related's President. "Related has been raising the bar for residential living for over 40 years, and we couldn't be more excited to bring our unique development approach to booming Jacksonville Beach."
The luxury condominium is located at 1401 1st St. South and features architecture designed by the award-winning Arquitectonica. Each of the 26 residences - which range from 2,400 square foot two-bedrooms to sprawling 6,500 square foot five-bedroom homes - are outfitted with opulent finishes, grand floor-to-ceiling windows, a private elevator and countless other luxurious touches.
"The team at Craft is honored to be chosen to build this iconic building in Jacksonville Beach. We look forward to a smooth process for our client and the surrounding community, said Joe Fernandez, Executive Vice President of Craft Construction. "It is a pleasure to be a part of the Jacksonville Beach community".
The first oceanfront development in Jacksonville Beach since 2005 will include a fitness center, infinity pool and private cabanas. A grandfathered status from the city's 35-foot height restriction, Azure will be the last project of this size that can be built in the area.
About Craft Construction
Headquartered in Florida, Craft Construction is a privately held construction company with a history of proven industry leadership. Formed by seasoned construction professionals, the firm is committed to principal involvement and the leadership team has held key positions with some of the nation's top 50 ranked builders. The company has completed over $4 billion in construction with a broad portfolio throughout Florida primarily in the hotel, club, residential, senior residential, industrial and health markets. For more information, visit: www.craftconstruction.com
About The Related Group
Established in 1979, Related Group is Florida's leading developer of sophisticated metropolitan living and one of the country's largest real estate conglomerates. Since its inception, the privately held company has built, rehabilitated and managed over 100,000 condominium, rental and commercial units. The firm is one of the largest Hispanic-owned businesses in the United States with a development portfolio in excess of $40 billion over 40+ years.
Related Group has earned international status for its visionary designs and development of luxury condominiums, market-rate rentals, mixed-use centers and affordable properties - often in emerging neighborhoods that impact the lives of all demographics. Related Group has redefined real estate by diversifying both its products and buyers, expanding internationally while also sponsoring public art installations that enhance cities' global culture and streetscapes. Currently, Related Group has 70+ projects in varying phases of development.
