With workforce housing in short supply, a development company is planning 320 apartments near employment and transportation centers in North Jacksonville.

Corner Lot plans to begin construction this summer on Avion, eight four-story buildings at 12525 Tibbets Lane. Thirty percent of the apartments will be designated as workforce housing, with rent capped for the first four years. After that, rents will be subject to a 2% increase annually.

“The workforce housing component is of particular note during a time when Jacksonville metro rents have risen at historically high rates and a well-documented housing shortage is a citywide concern,” Corner Lot said in a news release this week.

The community will include one-, two- and three-bedroom units. It will include a resort-style pool, clubhouse, 24-hour fitness center, outdoor fitness facility, dog park, picnic area, walking trail and community room, Corner Lot said.

The development, targeted for completion in fall 2025, is adjacent to the Amazon Fulfillment Center and near jacksonville International Airport.

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“Avion provided us with the perfect opportunity to meet a community need at the right time and in the right location close to several major employment centers,” Andy Allen, Corner Lot CEO, said in the news release. “We appreciate the Jacksonville City Council thinking outside the box and working with Corner Lot in taking a creative approach to the attainable housing shortage in our city so our teachers, firefighters and law enforcement officers can live and work in the same community.”

Jacksonville City Council approved a development agreement for Avion this month. It includes a $7.5 million property tax refund, the Jacksonville Daily Record reported.

Corner Lot is partnering with Summit Contracting Group on the construction. The project arose out of the city’s Quality of Life Initiative, which was created to address health care needs, affordable housing and homelessness, the developer said.