289-Unit Apartment Sale Kicks Off Charles Wayne’s Junction at DeBary Station
DeBary, Fla. --- DeBary Town Center, LLC, an affiliate of Charles Wayne Properties, Inc. of Daytona Beach, recently closed the $4.1 million sale of 15 acres for a luxury apartment community within “The Junction,” a $200 million development across from the DeBary SunRail station. Buyer Integra 289 Exchange, an affiliate of Lake Mary-based Integra Land Company, will build 289 apartments, located near the southeast corner of Dirksen Drive and U.S. Highway 17-92. Groundbreaking will take place within the next 30 days.
Steve Costa, Principal with NAI Realvest/Charles Wayne Commercial is leading the sales and marketing at the DeBary Town Center which spans 68 acres and to date is the largest transit-oriented development project on the north leg of the SunRail route.
Costa said his team is now in discussions with national grocery chains and other commercial users to complete The Junction’s mix of retail, entertainment, residential and natural amenities. Charles Wayne is planning to develop 104,000 square feet of retail space including a planned 46,000 square foot grocery store, as well as restaurants and offices. Costa is talking to selected builders for the project’s next phase – 150 single family detached homes.
The high-profile location of The Junction affords easy access to major arterial highways and international airports via U.S. 17-92, Interstate 4 and SR 417. The property is surrounded by state parks, with interconnecting trails that extend from Saint Augustine to Saint Petersburg. “All this, and it’s just 5 minutes north of the Orlando MSA’s booming Lake Mary office and retail corridor,” Costa said.
“This is a fantastic opportunity for investors, developers, professional firms, and retailers. The several nearby residential developments underway are creating a growing demand for retail, medical, and office space.”
Charles Wayne Properties is an industry leader with a 40-year track record as an investor and developer throughout the Southeast having developed and managed grocery anchored shopping centers, freestanding retail facilities, and office and industrial parks. Since 1978 the firm has worked with local and national brands in various capacities including brokerage, development, investment sales, tenant representation, property management and receivership. Visit www.charleswayne.com for more information.