ISLA Antigua Apartments on Anastasia Island
THE OLDEST CITY GETS THE NEWEST APARTMENT COMMUNITY IN COASTAL ST. AUGUSTINE.
THE PROJECT: In October 2017, Catalyst Development Partners closed on 16 acres just across the St. Augustine bridge along intracoastal area of Anastasia Island. In December 2017, Catalyst broke ground to commence development on this new 248 unit, Class A community to feature one, two and three bedroom apartment homes ranging from 748 to 1,387 square feet of living space. At a projected development cost of $38.5 million, this luxury apartment community will neighbor future retail projects and single family homes within the master development called Antigua on Anastasia Island.
THE CATALYST: St. Augustine presents a wealth of development opportunity for Catalyst Development Partners, which is why this particular project was pursued with great enthusiasm. St. Augustine is a thriving, eclectic market that attracts professionals, students and families. Just across the intracoastal waterway, Anastasia Island is highly accessible and exclusive in nature; yet there are no new multifamily projects in the area, and there is pent up demand in the community for luxury apartments. For residents, living on Anastasia Island presents an ideal location with access to the beach and intracoastal waterway. Just minutes across the bridge, Flagler Hospital presents residents with outstanding healthcare, plus a growth market of job opportunities within the St. Augustine area.
This development will be distinctively designed with contemporary styling and hi-tech advances. To be officially named in Spring 2018, apartment interiors will feature high-end finishes including: granite counters, subway tile backsplashes, two-tone cabinetry, and wood-inspired plank flooring. Floor plans incorporate gourmet kitchens and islands with pantries, stainless steel appliances, walk-in showers, nine-foot ceilings, spacious closets, full-size, front-loading washers and dryers in all units, plus balconies and outdoor patios to maximize views from all units.
Community amenities will include a resort-style pool, fire pit with cozy seating, an outdoor kitchen with gas grill stations, pizza oven and pub style seating. The Resident Clubhouse will feature a central kitchen, full media lounge with complimentary WiFi, Cyber Café with gourmet coffee and refreshments, co-working business spaces and designated conference room, entertainment lounge with billiards and gaming, concierge dry cleaning and parcel services, bike storage, plus a dog grooming spa. The onsite Fitness Club will eliminate the needs for a separate gym membership for residents as it will feature comprehensive strength and cardio devices with interactive components, High Intensity Interval Training (HIIT) equipment, a separate Yoga/Spin room, plus Fitness On Demand classes and opportunities for group workout sessions. As a pet-friendly community, this project will also include an expansive bark park with ample green space for all residents to enjoy outdoor living.
PROJECTED RESULTS: The 16-acre site, located at 655 West Marina Cove Drive is in the early stages of construction with the projected goal of delivering first units Spring/Summer 2019. Projected Pre-leasing is expected to commence February/March 2019.
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