NOVO MARKETS WEST

Gainesville, FL

Novo Markets West is located in the heart of rapidly growing southwest Gainesville. This prime location is considered the gateway to local points of interest to the west such as Haile Plantation and Tioga Town Center, to the north such as North Florida Regional Medical Center, and to the east such as The University of Florida, Butler Plaza and Celebration Pointe. It is also located contiguous to the new Grand Oaks subdivision and Markets West, a 16.5-acre mixed-use development. Completed in November of 2022, Novo Markets West is a 300 unit multifamily community that offers an affordable lifestyle with access to incredible retail amenities.  The property features spacious 1, 2 and 3 bedroom, apartment homes with high end finishes.  The community also includes resort-style amenities including a fitness center, pool, resident lounge and leasing center, a dog park and a car wash. Shelton McNally completed the lease-up in February 2023 and sold the property in October 2023 generating a 23.5% IRR for our investment partner.