#United States #St. Augustine #Third Lake Development #rental community

Groundbreaking Ceremony Marks New Era in St. Augustine Housing

On October 20, 2026, Third Lake Development celebrated the groundbreaking of "The Cottages at St. Augustine", marking the beginning of an ambitious project to provide much-needed rental housing in this vibrant area. With 250 units planned, this build-to-rent community aims to blend residential comfort with modern rental convenience.

Located just a short drive from both Downtown St. Augustine and the picturesque St. Augustine Beach, the Cottages are strategically situated to offer residents easy access to vital transportation routes such as State Road 207, US Highway 1, and I-95. New residents will enjoy proximity to an array of shopping, dining, entertainment options, as well as outdoor activities, historical landmarks, and cultural venues that the region boasts.

Robert Hogan, President of Build-to-Rent at Third Lake Development, expressed enthusiasm about the project: "St. Augustine remains one of the most dynamic housing markets in Northeast Florida. We are excited to have construction underway at The Cottages at St. Augustine and to see the vision for this community come to life. Once completed, we believe this community will significantly enhance the housing experience for its residents, seamlessly combining the privacy of a single-family home with the flexibility that renting offers."

A Development Tailored to Demand
The Cottages at St. Augustine is seen as a timely response to the heightened demand for quality rental properties in the area. Luke Thomas, CEO of Third Lake Development, reinforced this sentiment by pointing out the company’s commitment to creating quality living spaces in high-growth markets: "This community represents another step in our strategy of developing high-quality environments in areas supported by strong demographic trends. We believe The Cottages at St. Augustine will create lasting value and meet the needs of future residents."

Community Amenities and Features
Designed with a focus on quality and lifestyle, the community will feature an array of amenities meant to enhance daily living. Planned communal areas include:

• - A resort-style swimming pool with cabanas and lounge areas for relaxation.
• - A modern clubhouse that includes co-working spaces and private working pods for remote professionals.
• - A well-equipped fitness center that features a dedicated yoga room.
• - Pickleball courts for recreational activities.
• - A dog park and pet spa, recognizing the importance of pets in many residents' lives.

The residences will also boast private fenced-in yards, high ceilings, premium finishes, and integrated smart home technology, further ensuring comfort and modern living standards. Each unit will come equipped with a washer and dryer, catering to the practical needs of residents.

A Collaborative Effort
The development of The Cottages at St. Augustine is a collaborative effort, involving key partners including CBI Construction as the general contractor, Parker Mynchenberg Associates as the civil engineer, Nequette Architecture + Design as the architect, and Focus Design Interiors responsible for interior design. This coordination showcases a united vision to bring a high-quality community to fruition.

About Third Lake Development
Third Lake Development, LLC, is not just a real estate developer; it is a company committed to innovation in urban living. With a focus on multifamily, build-to-rent, self-storage, and mixed-use projects in high-growth areas, Third Lake utilizes data-driven site selection and disciplined capital execution to ensure sustainable development.

For more information about The Cottages at St. Augustine or the developments by Third Lake Development, visit their official website.

With a commitment to improving housing accessibility and quality in dynamic markets like St. Augustine, The Cottages represents a positive step forward in the evolution of modern rental communities.