Houston, Texas-based developer Silvestri Investments is moving ahead with its long-time planned residential development in South Daytona.
The company recently filed a master development plan in the St. Johns River Water Management District for its proposed condo and townhome project along U.S. Highway 1 — hinting that it may break ground soon on the luxury residential project.
The 6.2-acre site, at 3151 Ridgewood Ave., was acquired by an entity led by Silvestri principals in 2013 for $2.1 million. Since then, Silvestri has been piecing together a development plan for the land and its 600 feet of water frontage.
Recently submitted plans show the development will be built in phases. The first phase will consist of building 17, two-story townhomes with two-car garages and unobstructed views of Halifax River.
Features for the townhome portion include a resort-style pool, marina with multiple boat slips and a roughly 3,000-square-foot, single-story clubhouse.
Phases two and three will entail building two sister, seven-story condo buildings along Ridgewood Avenue. Each condo building will consist of 42 units. Amenities include a pickle ball court.
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The yet-to-named community will also feature a guard house.
Zev Cohen & Associates, Inc. is civil engineer and landscape architect. Representatives at Silvestri were not immediately available to comment.
The project sits across a 256-unit luxury apartment project called the Enclave at 3230. The apartment community is slated to open before the new year and sits just over the South Daytona city limit on the west side of Ridgewood Avenue.
Nearby in Port Orange, Halifax River Partners is proposed a 260-unit condo development with two 17-story towers at 3751 Ridgewood Ave., along with a two-story restaurant at the site of the former Captain Daddy’s location.