ST. AUGUSTINE, Fla., Oct. 20, 2026 /PRNewswire/ -- Third Lake Development has broken ground on The Cottages at St. Augustine, a 250-unit build-to-rent community. The development will offer thoughtfully designed residences and a range of amenities intended to meet demand for quality rental housing in the market.

Located just 15 minutes from Downtown St. Augustine and St. Augustine Beach, The Cottages at St. Augustine will provide convenient access to State Road 207, US Highway 1 and I-95. Offering future residents convenient access to a diverse array of shopping, dining, and entertainment destinations, as well as beaches, outdoor recreation, museums, historic landmarks, performing arts venues and other lifestyle attractions throughout the region.

"St. Augustine remains one of the most dynamic housing markets in Northeast Florida," said Robert Hogan, President of Build-to-Rent at Third Lake Development. "We are excited to have construction underway at The Cottages at St. Augustine and to see the vision for this community come to life. Upon completion, we believe this community will be a great addition to St. Augustine, providing residents with a housing experience that blends the comfort and privacy of a single-family home with the flexibility and convenience of renting."

"The Cottages at St. Augustine represents another step in our strategy of developing high-quality communities in markets supported by strong demographic trends and long-term growth," said Luke Thomas, Chief Executive Officer of Third Lake Development. "We are committed to identifying locations where new housing can create lasting value, and we believe The Cottages at St. Augustine is well-positioned to do exactly that."

Planned community amenities include a resort-style swimming pool with cabanas and outdoor lounge areas, a clubhouse with co-working space and private work pods, a fitness center with yoga room, pickle ball courts, dog park and pet spa. Residences will feature private fenced-in yards, 10' ceilings on the first floors, premium interior finishes, smart home technology and washer/dryers.

The project team includes Third Lake Development as developer, CBI Construction as general contractor, Parker Mynchenberg & Associates as civil engineer, Nequette Architecture & Design as architect and Focus Design Interiors as interior designer.

ABOUT THIRD LAKE DEVELOPMENT
Third Lake Development, LLC is a vertically integrated real estate development company specializing in ground-up multifamily, build-to-rent, self-storage and mixed-use projects in high-growth markets. The firm focuses on data-driven site selection, institutional-quality design and disciplined capital execution to deliver long-term value for partners and communities.

www.thirdlakedevelopment.com 

CONTACT
Jennifer Carvalho
contact@thirdlakedevelopment.com

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SOURCE Third Lake Development