Today is March 25, 2026, and the community in St. Augustine, Florida, is buzzing with excitement as construction efforts kick off for the much-anticipated Madison Seagrass project. Spearheaded by Madison Capital Group and Madison Communities, this initiative marks a significant step in addressing housing needs in the area. The groundbreaking ceremony will take place at 11 AM at 875 FL-16, strategically located at the intersection of State Road 16 and Kenton Mountain Road, near the Florida Highway Patrol station.
Madison Seagrass will feature 278 residential units, with approximately 40% of these designated as affordable housing under the Florida Live Local Act. This legislation aims to promote affordable housing through tax incentives and development-friendly policies. The project is part of Madison’s broader strategy to focus on markets experiencing sustained population growth and evolving employment corridors. Local officials, project partners, and company representatives are expected to attend the ceremony, underscoring the collaborative effort behind this development.
A Closer Look at Madison Seagrass
Complementing the announcement from Madison Communities, Benco Construction has received approval to proceed with the Madison Seagrass project, which will consist of 234 units across six three-story residential buildings, three garages, and a modern clubhouse. With a focus on meeting the demand for high-quality, well-planned housing in St. Augustine, this project is the first prototype by Madison Communities in Florida.
Joshua Zilke, President of Benco Construction, describes the approval as a crucial milestone for growth in the Southeast. The project utilizes a standardized, efficient design aimed at optimizing construction processes, reducing costs, and speeding up delivery times. This prototype model not only enhances efficiency but also allows for scalability across multiple markets.
Building for the Future
Benco Construction, a national general contractor specializing in multifamily housing, has a robust track record with over 660 million USD in construction volume in the past four years. The company has successfully completed 15 projects, delivering 2,000 units, with an additional 2,200 units currently underway. As mobilization and early site operations commence, the collaboration with third-party developers in the Southeast and Sun Belt regions is set to expand, promising exciting developments in the housing landscape.
Madison Seagrass is more than just a residential project; it is part of Madison Communities’ extensive development pipeline aimed at addressing housing shortages and fostering community growth in St. Johns County. For more details on this project, be sure to check out the full reports from News4Jax and Benco Construction.
As the community gears up for this exciting new chapter, it’s clear that the Madison Seagrass project is poised to play a pivotal role in shaping the future of St. Augustine’s housing landscape.