BIRMINGHAM, Ala. – August 29, 2019 – Regions’ Birmingham Real Estate Banking office provided construction financing for a 253-unit, Class-A, multifamily project in Jacksonville, Florida.
LIV Terrabella will be on Atlantic Blvd. just west of the Intercostal Waterway near the intersection with San Pablo Road. The property will sit on a 22-acre site. 14.4 acres will be on an upland elevated bluff overlooking the marshlands, offering views of the Intercostal Waterway. The development will be near the coastal communities of Atlantic Beach and Neptune Beach, providing convenient access to several retail and recreation options. Additionally, the St. Johns Town Center, Mayo Clinic and Deerwood Office Park are all within a 15-minute drive.
The design of LIV Terrabella incorporates a single four-story building with a large, central courtyard. The development will include 115 one-bedroom units, 120 two-bedroom units and 18 three-bedroom units. Amenities will include an integrated clubhouse, state-of-the art fitness center, outdoor lounge spaces with a summer kitchen and fire pit, a fourth-floor deck overlooking the Intracoastal Waterway, a resort-style pool, and a pool deck with a covered indoor/outdoor activity pavilion.
The project is expected to be completed by January 2021.
Regions Real Estate Banking is a team of four business groups – Real Estate Corporate Banking, Income Property Finance, Homebuilder Finance and Regions Affordable Housing – strategically assembled to meet the needs of professional real estate companies, developers and investors.
Regions delivers competitive products with superior service marked by speed, certainty and creativity, leveraging the bank’s full capabilities to offer a wide range of integrated banking solutions to help real estate businesses succeed and grow.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $128 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest, and Texas, and through its subsidiary, Regions Bank, operates approximately 1,500 banking offices and 2,000 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com.
