Grand opening event attended by more than 400
JACKSONVILLE, FL—The KABR Group – an Englewood, NJ-based real estate investment firm and The Klotz Group of Companies (“TKC”), hosted the grand opening of The Reef Apartments on Friday, August 18, 2023. The project, financed by Regions Bank, is the area’s newest luxury apartment community located at 2753 Mayport Road, near Hannah Park and AIA. The Reef is a modern 456-unit luxury apartment community made up of two five-story buildings. Reef Retail encompasses 30,000 square feet of Class-A restaurant and (fully renovated) retail space.
With more than 400 in attendance, guests enjoyed chef-prepared cuisine and the chance to meet the Jacksonville Jaguars™ cheer team – The Roar. This was in addition to seeing live mermaids from Cirque Bishop perform in the pool.
“In addition to our large unit sizes and great location, current and future residents enjoyed The Reef’s incredible amenities and learned about new upcoming retail and restaurant options,” said Ken Pasternak, Chairman and CEO of KABR Group.
“We are excited to fully open this first-class, luxury development located so close to the beach,” said Jeff Klotz – CEO of TKC. “We designed The Reef to feel more like a luxury resort, where residents and their guests can relax and enjoy all that the Florida lifestyle has to offer.”
The 13,000 square-foot two-story glass and steel clubhouse, the largest in Northeast Florida, includes a rooftop terrace, resort-style pool, espresso bar and lounge, bike parking station and a Class-A fitness center. The high-tech fitness center features a Mirror workout system, Freedom Climber rock wall and Peloton bikes. Additional amenities include electric vehicle charging stations and a large dog park.
Unit plans offer one, two, and three-bedroom options, ranging from 690 to 1,242 square feet. Special rents currently start at $1,575 per month for one-bedroom units. The Reef is already more than 50% leased, exceeding our goals. Community and unit tours are available 7 days a week. Those interested in leasing retail space can call Jason Hinson at 904-591-2294.
For more information on the most current specials and residential leasing, visit https://thereefapartments.com
About The KABR Group
KABR Group is a vertically-integrated private equity real estate firm responsible for the investment, development, and management of real estate. The portfolio includes commercial, multifamily, industrial, hospitality, and development. Founded in 2008, KABR has acquired approximately 100 properties comprised of six million square feet of development rights, four million square feet of office and industrial space, and more than 4,000 multifamily units. To learn more, visit https://kabrgroup.com.
About The Klotz Companies
For more than 25 years, The Klotz Group of Companies has served as a trusted real estate investment partner, providing a vertically integrated and comprehensive private equity real estate investment platform. Since 1995, The Klotz Group has established itself as one of the most active multifamily groups in the Southeast, creating a track record of success providing superior risk-adjusted returns while capitalizing on the expertise of its teams, executives and management professionals whose experience combines both operational and niche market knowledge. To learn more, visit https://theklotzcompanies.com.
About the Author
About Brian French
Led by a commitment to tech-intelligent curation, Brian French tracks and analyzes and produces Florida Business Press Releases in reportig on the Florida economy. Brian brings an extensive financial background to his analysis, having graduated from the University of South Florida in Finance and serving as a Vice President and Portfolio Manager for Merrill Lynch Private Investors and the Trust Department in St. Petersburg, FL, as well as a Vice President and Trust Investment Officer for SunTrust Bank in Sarasota, FL. His writing blends macroeconomic trends, fiduciary capital markets, corporate strategy, and modern digital insights for a sophisticated look at Florida's business market.
