Developer Sales
The Garage San Jose
Project facts
- Status
- Pre-Development
- Address
- 2890 University Blvd W
- City
- Jacksonville, Florida
- Region
- Jacksonville MSA
- Submarket
- Jacksonville; Orange Park
- Units
- 27
- Average unit size
- 1,100 SF
- Amenity tier
- Premium
- Key amenities
- Owners' Clubhouse/Lounge, Event Space, Mezzanine Capabilities, Climate Control, 18'+ Clear Heights
- Construction
- Metal
- Finish level
- Luxury
- Projected delivery
- 2027
- Flood zone
- X
Location Summary
Jacksonville / Jacksonville; Orange Park Overview
The Garage San Jose occupies 2.02 acres at 2890 University Blvd W in Duval County, on the University Boulevard West spine roughly 0.7 miles east of San Jose Boulevard (State Road 13) and about 1.4 miles west of the University Boulevard interchange at Interstate 95. It sits inside the wedge formed by three affluent riverfront neighborhoods: San Jose immediately south and west, San Marco about 3.5 miles north, and Mandarin about 5 miles south. That geography is the thesis: the buyer for a 27-unit Premium-Tier project averaging 1,100 square foot suites lives within a ten minute arterial drive, not a highway commute.
The corridor's wealth is old, residential, and quiet rather than resort-driven. Epping Forest Yacht and Country Club, the former Alfred I. duPont riverfront estate at 1830 Epping Forest Drive in the site's own 32217 ZIP code, sits about 1.5 miles northwest with a 70 slip marina berthing vessels to 100 feet, six Har-Tru clay courts, three pools, and reciprocal access to 150 plus private clubs worldwide. The Bolles School anchors the same stretch of San Jose Boulevard roughly 2 miles south, its San Jose, Whitehurst, and Bartram campuses concentrating executive and professional households along the river. Inherited from the platform's submarket work, Jacksonville; Orange Park is the largest and most diversified of the four Jacksonville trade areas and carries the highest portfolio-relative wealth percentile of the four at 73.9, on a downtown financial services base including JPMorgan Chase, Bank of America, and Fidelity. At the metro level, the Jacksonville MSA reached roughly 1,760,548 residents by mid 2024, up about 9.6 percent since 2020, and Florida leads the nation in net adjusted gross income inflow with no state income tax [N].
Current Events & Infrastructure
- Interstate 95 widening, Emerson Street to Atlantic Boulevard ($247 million): FDOT is adding five travel lanes, raising the interstate profile, and replacing the bridges over Emerson Street and San Diego Road, with completion targeted for spring 2028. The work ends roughly 2.5 miles north and upgrades the exact northbound path owners take to San Marco and downtown.
- San Jose Boulevard resurfacing and signal work (FDOT, State Road 13): Staged FDOT resurfacing and intersection work along San Jose Boulevard south of the site has run with off-peak lane restrictions. For a project whose buyers arrive by arterial, that condition matters more than usual.
Key Demand Drivers
Luxury vertical product delivering across the Southbank and San Marco pulls affluent households into structured parking allotments that cannot absorb a third or fourth vehicle, a boat, or a project car. Each driver below sits within a ten to fifteen minute drive.
- Southbank Residences, Related Group ($200 million, about 400 units): Related Group broke ground on May 20, 2026 on Jacksonville's first luxury riverfront high rise in more than a decade, pairing the 25 story Icon Southbank with the 8 story Manor Southbank plus a 29 slip marina and 601 parking spaces, delivering about 30 months out. Roughly 4.5 miles north, 400 luxury residences on 601 spaces is a structural garaging shortfall inside the primary drive shed.
- Baptist Health San Marco and Southbank expansion ($38 million acquisition, $109.7 million hotel, $14 million infusion build): Baptist Health bought the 375,752 square foot, 29.68 acre San Marco East Plaza at 3563 Phillips Highway for $38 million in December 2025 and began its Central Services Center build-out there in May 2026; it is advancing a 15 story, 226 room dual brand hotel at 1051 Palm Avenue on the Southbank at $109.7 million, and sought a $14 million Baptist MD Anderson infusion expansion in October 2025. The Phillips Highway campus is about 3 miles north and deepens the physician household base directly upstream of the corridor.
- Mandarin retail infill along San Jose Boulevard: Texas Roadhouse took a Mandarin site in August 2026 for its fifth Jacksonville area location and Raising Cane's was issued Mandarin permits in May 2026, both about 5 miles south. National operators underwriting new Mandarin rooftops confirms the household growth feeding the southern drive shed.
- Collector culture within reach: The Amelia Island Concours d'Elegance, Hagerty-owned and generating an estimated $30 million a year in economic impact, runs about 50 miles north each March [N]. Mild climate plus a genuine concours anchor sustains the ownership habit the product serves.
Location Highlights
- MSA Position: Jacksonville MSA at roughly 1,760,548 residents, up about 9.6 percent since 2020, the city crossing one million in 2024 [N].
- Enthusiast / Collector Culture: Amelia Island Concours about 50 miles north each March, plus Epping Forest's 70 slip marina 1.5 miles out for the boat-and-car owner overlap[N].
- Infrastructure & Access: I-95 at University Boulevard about 1.4 miles east, the $247 million widening completing spring 2028, Baymeadows Road about 3 miles south, Jacksonville International Airport roughly 20 miles and 25 minutes north[N].
- Neighborhood Anchors: Bolles School's three riverfront campuses within about 2 miles, San Marco Square about 3.5 miles north, San Jose Country Club and Epping Forest in the immediate trade area.
- Tax & Quality of Life: No Florida state income tax, the nation's largest net AGI inflow, and FEMA flood zone X at the site, outside the special flood hazard area [N].
- High Net Worth Concentration: 2,472 households above $200,000 within 3 miles, 5,197 within 5 miles, 10,326 within 7 miles, with 15.6 percent of five mile households above $150,000. Depth is real, but median home value blends to roughly $294,463, which is why the project scores 3.9 on the Wealth Index: strong household counts against a modest housing-value base.
Area Demographics (ACS 2024)
5-Mile Profile: Population 143,270 | Median HH Income $65,308 | HH Earning $150K+ 15.6% | Median Age 37.5 | Age 55+ 29.1% | Seasonal Units 0.9% | Households with 3+ Vehicles 12.3% | YoY Population Growth not available in the current vintage
Wealth Index: 3.9 / 10 (SCK portfolio-relative)