The Pinnacle Apartments earned a 2025 CoStar Impact Award, as voted on by local judges with knowledge of the market, for multifamily development of the year in Jacksonville, Florida.
Located in the Deerwood area of Jacksonville, construction on the Pinnacle Apartments complex began in September 2022 and was completed in January 2024.
The building, which totals just over 610,000 square feet, is located in Jacksonville’s Southside at the intersection of Baymeadows Road and I-295. The units in the complex average roughly 1,200 square feet with an average asking rent of about $2,200 per month, according to CoStar data.
About the project: Pinnacle is a 376-unit multifamily development. The property is four stories and has a five-story precast concrete parking garage. It became lease-stabilized in September 2024. Amenities at the complex include a two-story gym, two courtyards with pools, an indoor pet spa, office suites and a business center.
What the judges said: "I voted for the Pinnacle Apartments because of the high-end apartments with high visibility off of Baymeadows and I-295. The presence of the property at that location will drive growth in the area," said Steve Harriss, senior field research analyst for CBRE.
They made it happen: Fort Family Investments is the developer. The general contractor was Summit Contracting Group. Fort Family — Pinnacle Apartments is the property manager.