Photo Source: The Business Journals
Build-to-Rent Demand Continues Growing
Build-to-rent communities continue expanding throughout Florida. Developers increasingly target fast-growing areas like St. Augustine because housing demand remains strong.
CBI Construction recently started work on a large-scale rental neighborhood featuring detached cottages. Unlike traditional apartment complexes, the project focuses on single-family style living with added privacy and shared amenities.
Additionally, the community supports residents seeking flexible housing without purchasing a home. Many renters now prefer larger layouts and neighborhood-style environments.
Cottage-Style Rentals Gain Popularity
Cottage-style multifamily developments continue attracting attention across the Southeast. These communities typically combine private residences with resort-inspired amenities and walkable designs.
The St. Augustine development plans to offer residents open layouts, green spaces, and community gathering areas. As a result, renters can enjoy a more residential atmosphere while maintaining leasing flexibility.
Additionally, detached rental homes appeal to families, remote workers, and relocating professionals. Many residents also value private entrances and reduced shared walls.
St. Augustine Remains a Strong Growth Market
St. Augustine continues experiencing residential and economic growth. New employers, tourism activity, and regional expansion have increased local housing demand.
At the same time, nearby Jacksonville growth continues influencing surrounding markets. Developers now look beyond core urban areas to meet the region’s rising population needs.
Because of this trend, build-to-rent housing has become an important segment of the Northeast Florida real estate market. These projects provide additional inventory while supporting long-term community growth.
Florida’s Live Local Act Supports Housing Development
Florida’s Live Local Act continues encouraging workforce and attainable housing projects statewide. Many developers now use the legislation to accelerate residential construction timelines.
The St. Augustine community aligns with broader efforts to increase housing availability. Furthermore, rental-focused developments remain a major part of regional planning strategies.
Key Details
- Project: The Cottages at Rolling Hills
- Location: 300 Bushwood Circle, St. Augustine
- Developer: Third Lake Development
- Builder: CBI Construction
- Site size: 33.26 acres
- Units: 250 Class A rental homes
- Amenities: clubhouse, resort-style pool, walking trail, resident amenities
- Estimated completion: First units and clubhouse expected in April 2027, with full completion anticipated by December 2027.
Fluid Insight
The CBI Construction St. Augustine build-to-rent community reflects continued residential growth across Northeast Florida. As housing options expand in St. Augustine and Jacksonville, buyers, renters, and investors gain more opportunities throughout the regional real estate market.
At Fluid Realty we help clients explore relocation opportunities, investment properties, and emerging housing trends across Jacksonville and surrounding communities.