Today we profile Alachua County and Gainesville Florida, where you will find the BAI Capital exclusive Archer Place development, right next to the University of Florida campus and dozens of unique health institutions.
Gainesville, Florida, is the medical and college hub of the Sunshine State. Gainesville is home to numerous one of kind medical facilities, Santa Fe College, along with the University of Florida. UF is the largest higher education institution in the state, ranking fifth nationwide for public university enrollment.
University of Florida
The University of Florida has more than 55,000 students and more than 25,000 employees. Their stadium, Ben Hill Griffin, is one of the largest for sporting events nationwide with 92,000 seats and is the home of the Florida Gators. The tuition at this university is around $6,500 for in-state, and up to almost $ 29,000 for out-of-state. In 2019, UF contributed $7.83 billion to the State’s Gross Domestic Product.
Medical Facilities in Gainesville Florida
The University of Florida Health, the Cancer Health Center, the College of Dentistry, and the UF College of Veterinary Medicine are all located in Gainesville. The University of Florida Health has the Shands Hospital, with 200 beds; the Heart Health, a hospital specialized in cardiology, with 216 beds; the Children’s Hospital, with 200 beds; and the Veterans Hospital, with 500 beds. It also has a cancer treatment center where, in addition to treating patients, they carry out multidisciplinary research with around 300 clinical researchers.
Small town ambiance in central Florida
- Top 50 Best Places for Businesses & Careers
- Top 25 Smartest Cities in America
- Top 10 Best College Towns in the US
- #2 Hot Spots for Research in Florida
- #1 Tech City in Florida
Centrally located, Gainesville is 72 miles to Jacksonville, 111 miles to Orlando, 152 miles to Tallahassee, & 130 miles to Tampa, Florida.
As of November 2021, the average sale price of single homes in Gainesville was $365,219, up 22.6% year over year. Condominium prices increased 16% in the same period.
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Archer Place Condos | a BAI Capital Development
Archer Place mixed-use condominium development in Gainesville Florida. The best location. Stellar demographics coupled with a diverse economy.
The Archer Place Condo site is located 1.4 miles from the University of Florida Campus and 1.9 miles from the University of Florida Health.
The strategic location is perfect for those who want to acquire a home for investment. On one side is SW 34th Street, which has an average of 44,500 cars passing through each day. On the other side is SW Archer Road with 53,000 cars a day. Two miles away is Interstate 75 with an average of 89,000 cars a day. Thus, all in all, it is an easy-access location.
Site & Amenities
Archer Place will feature 195 apartments: half to rent to university students of the Florida University Campus and a half for sale to investors and or urban professionals of the area. The start of construction is scheduled for 1QT 2022 with completion for the summer of 2023. A total of 688 rooms are distributed in 195 apartments with more than 26,000 m2 of leasable area, supported by an exceptional location and complete amenities.
The Archer Place Florida real estate project will be available to investors nationwide, and has a minimum threshold of $62 million, according to Arturo Venti, managing principal at BAI Capital.
A full list of luxury amenities including rooftop clubhouse, balconies, luxury features including floor to ceiling windows, 1 bathroom per bedroom, restaurant, bar, pool, gym, library, study areas, dog park and bicycle, moped, and dedicated car parking.
BAI Capital’s in-house team is distributing this Florida real estate development fund to investors in Latin America and worldwide as well as to potential investors in the EB-5 Visa Program.
Condos are currently available to purchase at attractive pre-build pricing, starting at USD 327,000.
- USD 5,000 Refundable reservation fee
- 20% – USD 5,000 with purchase agreement
- 20% + 6 months from purchase agreement
- 10% + 12 months from purchase agreement
- 50% with delivery of unit (Mortgage available)
Today’s Takeaways on Gainesville Florida
Florida property investments are the hot choice for foreign investors, as well as those moving from other parts of the US, looking for a low-tax location with year-round great weather.
Gainesville Florida, a little off the radar, offers investors something unique – the stability of the university market and economy, coupled with a high percentage of highly educated health care professionals.
This is why BAI Capital is proud to offer Archer Place as an investment for those looking to diversify in US dollars in the Sunshine State.
Invest to own and rent or as development equity partner. Leverage your investment with options to apply for your family’s Green Card. Expect stable and consistent returns, year after year.