Savlan Capital purchases Charter Landing in Jacksonville
Click to view original article from the Florida Times Union by Scott Butler The Hollywood, Fla., real estate group plans to invest another $4.3 million in upgrades at the St. Johns River community. Savlan Capital announced it has acquired Jacksonville’s waterfront Charter Landing apartments for $28 million. The Broward County-based real estate investment group purchased the 332-unit community from Lichtman Nass Development Group, LLC.Charter Landing was developed in 1975 on about 30 acres at 5885 Edenfield Road off University Boulevard North. The site offers about 2,000 feet of frontage on the St. Johns River with two-thirds of the units featuring waterfront