The question is: where is the demand for so many luxury rentals coming from? Are millennials able to afford the rents? Or is it maybe empty-nesters relocating from the suburbs back to the city?
I'm guessing both. We are retiring to Jax in 2017, and we have ZERO intention of owning something ever again. We want a mobile lifestyle, within a small-ish community. The one thing that the area desperately needs is a mass transit system like most other cities this size have, but we've had (and continue to have) those discussions elsewhere on this forum, eh?
Either way, we are excited that there are so many of these new properties. Even if we don't choose them, they clearly up the bar for all the others, who had better have something to offer for the money spent. We wish there were more in the Beaches to choose from, but there are a lot of good-looking communities between Kernan and there.