Ventures Development Breaks Ground on New Apartment Project

Ventures Development Group, along with joint venture partner Batson-Cook Development Company recently broke ground on a 2170-unit, Class A apartment community in St. Augustine, according to a company media release.

The project is part of a larger master-planned development, including townhomes, single-family for-sale residential homes, a boutique hotel, walkable retail, flex office space and a signature restaurant all overlooking the San Sebastian River and historic downtown St. Augustine.

“We are pleased to work again with BCDC in providing another best-in-class residential community, specifically to the St. Augustine market,” said Sean Siebert, principal of Ventures Development Group, in the release. “We believe our attention to detail differentiates our communities from others in delivering what tenants desire when choosing their homes.”

Batson-Cool Development president and CEP Litt Glover said the Southerly at Shipyards is the sixth project the two companies have worked on together.

 “Our project is thoughtfully designed to be the best-in-class, capitalizing on the exceptional location and surrounding development master plan,” he said in the release.

The Southerly will feature luxury finishes and resort-style community amenities, including a sky lounge overlooking the San Sebastian River, a pool and hot tub, outdoor kitchen with a firepit and pizza oven, 24-hour fitness center and a co-working lounge. The property will also include a club room, package room, pet park and dog-washing station and a structured parking garage accompanied by street-level parking spaces.

The partnership expects the delivery of the first units in the second quarter of 2024.

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