Ocean Village Apartments Progresses in Palm Coast, Florida

5/28/26 Construction continues moving forward at Ocean Village Apartments, a luxury multifamily community currently under development in Palm Coast, Florida. FaverGray is serving as the general contractor for the approximately 20-acre project, which will deliver 314 apartment units built to combine elevated coastal living with modern multifamily amenities. Located off State Road 100 and just minutes from Flagler Beach, Ocean Village is positioned within one of Florida’s growing coastal markets, offering residents convenient access to beaches, recreation, dining, and surrounding community destinations. The development includes four residential buildings featuring a mix of three-story and four-story construction, along with extensive amenity spaces and site improvements designed to support a connected and highly activated resident experience. Resort-Style Amenities Designed Around Coastal Living Ocean Village Apartments is being designed to create a lifestyle-focused environment centered around wellness, recreation, and social connection. The community’s amenity package includes a 10,000-square-foot clubhouse featuring private work rooms, a fitness center and yoga studio, game lounge, leasing offices, and a club room with bar. Outdoor amenities will include a resort-style swimming pool, fire pits, grilling stations, gathering areas, and landscaped spaces designed to encourage outdoor activity and connection throughout the property. The overall site layout emphasizes walkability, outdoor engagement, and a resort-inspired atmosphere that reflects the surrounding coastal environment. Construction Progress & Project Scope FaverGray’s scope includes residential construction, clubhouse and amenity spaces, utility infrastructure, stormwater systems, paving, landscaping, and comprehensive site improvements throughout the development. The residential buildings are being constructed using primarily wood-frame construction with steel stairs and precast elevator shafts designed to support long-term durability and structural performance. Exterior finishes include fiber cement siding, stone accents, and architectural-style asphalt shingles. All residential buildings are supported by post-tensioned slab-on-grade foundations engineered to enhance long-term stability and performance throughout the community. Interior apartment finishes will feature stainless steel appliances, quartz countertops, luxury vinyl plank flooring, upgraded cabinetry, and contemporary lighting and finish selections designed to balance functionality and modern design. Supporting Growth Along Florida’s Coastal Markets Ocean Village Apartments reflects continued demand for thoughtfully designed multifamily communities throughout Florida’s coastal regions. The project also represents FaverGray’s ongoing experience in the construction of market-rate multifamily communities across Florida and the Southeast. As construction progresses, FaverGray remains focused on quality execution, coordination, safety, and delivering a community designed to support long-term resident experience and value. Ocean Village Apartments is currently scheduled for delivery in July 2027.

N4 at Pearl Square | May 2026 Construction Update

https://www.youtube.com/watch?v=2ETe96QXjyQ 5/19/26 Construction continues to advance at N4 at Pearl Square in downtown Jacksonville, Florida, as FaverGray progresses work on this luxury mixed-use multifamily community within the city’s rapidly evolving urban core. Captured in the latest drone update video, the development continues to transform the skyline along Clay Street while showcasing the growing scale and presence of the project within the larger Pearl Square district. Located at 715 Clay Street, N4 will deliver 286 apartment homes alongside approximately 19,000–20,000 square feet of ground-floor retail space designed to support a more connected, walkable, and activated downtown living experience. Progress Across the Site Recent construction activity reflects continued momentum throughout multiple portions of the development as the residential, retail, parking, and infrastructure components continue advancing together. From aerial views, the overall layout and architectural scale of the project are becoming increasingly visible. The drone footage highlights how the building integrates into the surrounding Pearl Square neighborhood while also revealing the relationship between the residential structures, retail frontage, streetscape improvements, and future pedestrian connectivity throughout the district. As work progresses, the project continues to contribute to the ongoing transformation taking place throughout downtown Jacksonville. Designed for Modern Urban Living N4 is designed to provide a modern multifamily living experience centered around connectivity, convenience, and activated community spaces. Planned amenities include: Fitness Center Club Room Theater & Lounge Space Integrated Venue Space Two-Level Structured Parking Garage Walkable Retail Environment Pedestrian-Friendly Streetscape Connections The development is positioned within the larger Pearl Square vision, which emphasizes vibrant public spaces, enhanced walkability, bike connectivity, and integrated mixed-use experiences throughout the downtown core. Construction & Building Systems FaverGray’s scope for N4 includes residential construction, retail integration, structured parking, infrastructure improvements, and public realm enhancements across the site. The building incorporates a flood-resilient structural design consisting of two concrete podium levels transitioning into wood-frame residential construction above. The project also includes post-tensioned concrete slabs on grade along with exterior materials such as fiber cement siding and stone accents designed to support long-term durability and a cohesive urban architectural character. In addition to the vertical construction, ongoing infrastructure and site improvements include utility connections, hardscape features, landscaping, irrigation, paving, sidewalks, and pedestrian-oriented public realm enhancements that will support the long-term functionality of the community and surrounding district. Supporting Downtown Jacksonville’s Growth N4 represents more than a multifamily development — it reflects the continued investment, growth, and momentum shaping downtown Jacksonville’s future. FaverGray is proud to partner with Gateway Jax on a project that contributes to the revitalization of the urban core while helping create a more connected and experience-driven downtown environment. Watch the latest drone construction update video to see the continued progress taking place at N4 at Pearl Square.

Ambassador Garage

The Enclave at Deer Moss Creek will be a luxury multifamily community. Located at 1000 Deer Moss Loop in Niceville, the 303-unit community will be available to residents in 2024.

Ellison Nona Continues to Rise in Lake Nona with Major Construction Progress in May

https://youtu.be/cMyj4OQLf2M 5/14/26 Construction activity continues to move steadily forward at Ellison Nona, a 377-unit Class-A multifamily community underway in Orlando’s highly sought-after Lake Nona area. As the project advances through another active month, the development is becoming increasingly defined—both in scale and in the vision behind the community’s design. With continued vertical progress taking place across the site, Ellison Nona is evolving into a dynamic residential community positioned within one of Central Florida’s fastest-growing markets. Vertical Construction Advances Across the Community   May construction efforts focused heavily on interior and exterior progress across multiple areas of the community as the development continues advancing simultaneously on several fronts. From aerial views, the layout of the development is now much more visible, revealing how the residential buildings, amenity areas, roadways, and shared outdoor spaces will ultimately connect together. The growing presence of the structures across the site reflects the momentum behind the project and the coordination required to keep progress moving efficiently. As work continues, the overall scale and character of Ellison Nona are becoming more apparent with each phase of construction. Designed for Modern Multifamily Living Ellison Nona is being developed with a strong focus on livability, connectivity, and long-term resident experience. The community’s 377 apartment homes will be complemented by thoughtfully integrated amenity spaces and gathering areas designed to support both convenience and lifestyle. The site plan emphasizes a cohesive residential environment where architecture, outdoor spaces, and shared amenities work together to create a connected community feel. As construction progresses, the relationship between these spaces is becoming increasingly visible throughout the development. From resident amenities to pedestrian flow and site functionality, the project continues to reflect a carefully planned approach to modern multifamily living. Located Within One of Central Florida’s Most Influential Growth Corridors Lake Nona continues to stand out as one of the most active and transformative submarkets in the Orlando region. Recognized for its concentration of healthcare, technology, education, and innovation-driven development, the area has experienced significant residential and commercial growth in recent years. Ellison Nona’s location places future residents near major destinations including Medical City, Orlando International Airport, and a growing collection of dining, retail, and employment opportunities throughout the surrounding area. The continued expansion of Lake Nona further reinforces the demand for high-quality multifamily communities that provide both accessibility and elevated living experiences. Continuing Momentum Into the Months Ahead Each month of construction brings Ellison Nona closer to becoming a fully realized residential community within the Lake Nona market. From infrastructure and framing to the ongoing evolution of the site itself, progress throughout May highlights the continued momentum behind the project. As work advances in the months ahead, Ellison Nona will continue to emerge as a significant addition to Orlando’s multifamily landscape—supporting the region’s growth while delivering a thoughtfully designed living environment for future residents.

Ellison Nona Progresses in Orlando

https://youtu.be/GZXuysT6LPc 4/20/26 Construction progress continues at Ellison Nona in Orlando, Florida, as this 377-unit multifamily community advances within the rapidly expanding Lake Nona submarket. With each passing month, the scale of the development becomes more defined—highlighting both the pace of construction and the intentional planning behind the community. Progress Across the Site April activity reflects steady movement across multiple areas of the project. Residential buildings are continuing to rise, and the overall framework of the community—from building placement to internal circulation—is becoming increasingly visible. As vertical construction progresses, the relationship between buildings, shared spaces, and site infrastructure is beginning to take shape—offering a clearer view of how the finished community will function and feel. A Thoughtfully Planned Community Ellison Nona is designed to deliver a balanced living experience, where residential spaces and community amenities work together seamlessly. The 377-unit development will feature a mix of apartment homes supported by amenity areas that encourage both connection and everyday convenience. Outdoor gathering areas, shared social spaces, and integrated site design elements are all being constructed with long-term livability in mind—creating a cohesive environment for future residents. Positioned Within a High-Growth Market Located in Lake Nona, Ellison Nona benefits from one of the most dynamic growth corridors in Central Florida. Known for its focus on innovation, healthcare, and technology, the area continues to attract new residents and employers alike. Its proximity to Orlando International Airport, Medical City, and major employment hubs positions the community within a highly desirable location—supporting sustained demand for quality multifamily housing. Building Toward What’s Next From sitework and infrastructure to vertical construction, each phase of Ellison Nona reflects a coordinated effort to deliver a well-executed multifamily community. Progress throughout April marks another step forward as the project continues to evolve from concept to reality. As construction advances, Ellison Nona will continue to take shape as a key residential offering within the Lake Nona market—supporting the area’s ongoing growth and long-term development.

April Construction Update: N4 Project Advancing in Downtown Jacksonville

4/13/26 Downtown Jacksonville continues to experience a meaningful transformation—driven by renewed investment, thoughtful development, and a shared vision for a more connected, vibrant urban core. The N4 Project is a reflection of that momentum, and as April progress continues, the impact of this development is becoming increasingly visible. In partnership with Gateway Jax, this project represents a strategic step forward in shaping the next chapter of downtown’s growth. A Mixed-Use Vision Taking Shape Rising on a 1.27-acre site in the heart of Downtown Jacksonville, the N4 Project is a seven-story mixed-use development designed to bring lasting energy and connectivity to the urban core. The project will deliver 286 apartment homes along with approximately 19,000 to 20,000 square feet of street-level retail across five distinct bays. This blend of residential and commercial space is intentionally designed to activate the streetscape, support walkability, and contribute to a more dynamic downtown experience. As vertical construction continues, the scale and presence of N4 are beginning to define its role within the evolving cityscape. Designed for Urban Living At its core, N4 is about creating a place where people can live, connect, and engage with the city around them. The community will feature thoughtfully integrated amenities, including: A fully equipped fitness center A club room with theater, lounge, and flexible event space A two-level integrated parking garage seamlessly built into the structure Each element is designed to enhance the daily living experience while fostering connection—both within the building and throughout the surrounding neighborhood. April Progress: Building Momentum Recent progress highlights the steady advancement of the structure, with each phase bringing greater clarity to the project’s overall vision. From the ground level activation to the rising residential floors, N4 is quickly taking shape as a key component of Downtown Jacksonville’s revitalization. Drone views and on-site activity underscore the pace and precision of construction—marking another strong month of forward movement. A Broader Impact More than just a multifamily development, N4 represents a commitment to thoughtful urban growth. Projects like this play a critical role in strengthening downtown environments—bringing residential density, supporting local businesses, and creating spaces where community can thrive. We’re proud to partner with Gateway Jax on a development that aligns with a shared vision for a stronger, more connected Downtown Jacksonville. As construction continues, N4 stands as a visible reminder that downtown’s story is still being written—one defined by progress, opportunity, and long-term investment in the city’s future. Stay tuned for continued updates as this vision continues to rise.

April Construction Update: N11 at Pearl Square Continues to Rise in Downtown Jacksonville

https://www.youtube.com/watch?v=HtRBB7jCZ20 4/13/26 Location: Jacksonville, FloridaProject Type: MultifamilyUnits: 205 Construction continues to gain momentum at N11 at Pearl Square in Jacksonville, Florida, as this transformative multifamily development takes shape in the heart of Downtown. As the first vertical project within the reimagined Pearl Square district—formerly known as the Pearl Street District—N11 is more than just a building; it represents the beginning of a new era for Jacksonville’s urban core. A Defining Moment for Downtown Jacksonville Positioned at the forefront of one of the city’s most ambitious redevelopment efforts, N11 is helping set the tone for what’s to come. The Pearl Square district is envisioned as a vibrant, walkable environment where residential, retail, and community spaces come together—bringing renewed energy, connectivity, and opportunity to Downtown Jacksonville. As the first building to rise within the district, N11 is laying the foundation—both physically and symbolically—for the future of this evolving neighborhood. Project Overview: Scale, Design, and Purpose Spanning 191,032 gross square feet, N11 is a seven-story multifamily community that will deliver 205 apartment units alongside 24,008 square feet of retail, commercial, and storage space. This intentional mix of uses is designed to activate the streetscape and contribute to a more dynamic, connected downtown experience. The residential portion includes 136,093 rentable square feet and features a mix of studio, one-bedroom, and two-bedroom floorplans. Each unit is thoughtfully designed to support modern urban living, offering efficient layouts and elevated finishes tailored to today’s renter. Designed for the Way People Live Today N11 at Pearl Square is centered around a lifestyle-driven approach, offering 5,625 square feet of amenity space designed to support both productivity and relaxation. Residents will have access to: A modern clubhouse and resident lounge A fully equipped fitness center Dedicated Zoom rooms for remote work A second-floor pool deck for outdoor living and social connection These amenities reflect the evolving expectations of renters, where flexibility, convenience, and community are key components of everyday living. Building Momentum With each passing month, visible progress continues to reinforce the scale and significance of this project. From early sitework through vertical construction, N11 is steadily advancing toward becoming a cornerstone of the Pearl Square district. More than just a multifamily development, N11 represents a broader commitment to thoughtful urban growth and high-quality construction. As work continues, the project will play a key role in shaping a more vibrant, connected, and livable Downtown Jacksonville. April’s progress marks another important step forward—bringing this vision closer to reality and setting the stage for what’s next at Pearl Square.

FaverGray Breaks Ground on Tallevast in Sarasota

4/13/26 FaverGray is proud to announce the groundbreaking of Tallevast, a new multifamily community in Sarasota, Florida, developed by Milhaus and designed by M Studio. Situated on approximately 10.80 acres, Tallevast will bring 231 thoughtfully designed residential units to one of Florida’s most desirable and growing markets. The community is planned to deliver a well-rounded living experience, combining modern residences with a curated amenity package and cohesive site design. A Community Designed for Everyday Living Tallevast is envisioned as a collection of three-story residential buildings centered around shared spaces that encourage connection, convenience, and comfort. At the heart of the community, a central clubhouse will serve as a hub for residents, complemented by a full suite of indoor and outdoor amenities. The development includes: Resort-style pool Fitness center Pickleball court Dog run and dog wash station Grill stations and social gathering spaces Outdoor games, including a cornhole area Together, these features create an environment that supports both active lifestyles and relaxed, everyday living. Thoughtful Design & Quality Construction The project reflects a balanced approach to durability, aesthetics, and functionality. Constructed with wood framing, the buildings feature a blend of cultured stone and fiber cement siding, creating a cohesive exterior that is both visually appealing and built to perform. Inside each residence, attention to detail continues with: Quartz countertops Wood cabinetry Stainless steel appliances In-unit washers and dryers These finishes are selected to deliver a modern, comfortable living experience while maintaining long-term value. Built for Long-Term Performance From the earliest phases of site development through vertical construction, Tallevast incorporates comprehensive infrastructure improvements designed to support the community for years to come. This includes full utility installation, stormwater management systems, and site paving—all critical elements that ensure accessibility, durability, and long-term performance across the property. Expanding Sarasota’s Multifamily Landscape As Sarasota continues to experience steady growth, Tallevast represents a meaningful addition to the area’s multifamily housing supply. Its thoughtful design, integrated amenities, and strategic location position it as a strong contributor to the region’s evolving residential landscape.

Tallevast

The Enclave at Deer Moss Creek will be a luxury multifamily community. Located at 1000 Deer Moss Loop in Niceville, the 303-unit community will be available to residents in 2024.

N11 at Pearl Square: Construction Progressing in Downtown Jacksonville

https://www.youtube.com/watch?v=1Lhkc4F6U5c 3/19/26 Location: Jacksonville, FloridaProject Type: MultifamilyUnits: 205 Construction is actively progressing at N11 at Pearl Square, a transformative multifamily development in the heart of Downtown Jacksonville. As the first building within the larger Pearl Square district—formerly known as the Pearl Street District—N11 is setting the foundation for a vibrant, mixed-use community that will play a key role in the continued revitalization of Jacksonville’s urban core. A Catalyst for Downtown Jacksonville’s Growth N11 represents the beginning of a thoughtfully planned district designed to bring new energy, residential density, and walkable amenities to Downtown Jacksonville. With its strategic location and integrated mix of uses, the project is positioned to enhance both the daily living experience for residents and the broader community. Project Overview The seven-story building spans 191,032 gross square feet and includes 205 apartment units along with 24,008 square feet of retail, commercial, and storage space. This blend of residential and commercial elements will help activate the streetscape and contribute to a more dynamic, connected downtown environment. The community will offer 136,093 rentable square feet, featuring a mix of: Studio apartments One-bedroom units Two-bedroom units Each floorplan is designed to support modern urban living, with efficient layouts and thoughtful finishes. Amenity-Driven Living N11 at Pearl Square is designed with lifestyle in mind. Residents will have access to 5,625 square feet of amenity space, including: Clubhouse and resident lounge Fitness center Dedicated Zoom rooms for remote work Second-floor pool deck These amenities are curated to support both productivity and relaxation, reflecting the evolving needs of today’s renters. Building Momentum With construction progressing steadily, N11 is quickly taking shape as a cornerstone of the Pearl Square district. The project reflects FaverGray’s commitment to delivering high-quality multifamily communities that contribute to the long-term growth and success of the markets we serve. As work continues, N11 will stand as a key milestone in the transformation of Downtown Jacksonville—bringing new opportunities for residents, businesses, and the surrounding community.

CEO |

James a. Gray

Gray co-founded FaverGray in 2005 and has more than 45 years of experience in design and construction management in the residential, commercial and industrial market sectors. As CEO, Gray is responsible for leading the development of FaverGray’s short and long term strategy, creating and implementing FaverGray’s vision and mission, maintaining awareness of the competitive market landscape, evaluating expansion opportunities and industry developments, maintaining social awareness and responsibility within FaverGray’s market sectors, assessing and managing corporate risks and management of banking and surety relationships.