TREVATO DEVELOPMENT GROUP PRESS RELEASE
PRIMARY CONTACT: Nan Kavanaugh, 904-415-0051 • email@example.com
FOR IMMEDIATE RELEASE
JACKSONVILLE, Fla. (December 31, 2021) – Block One Ventures announced today the purchase of 38.93 acres of property, located within Bartram Commons, near the intersection of I-95 and State Road 9B on the north side of Racetrack Road. The property was purchased from Eastland, the master developer for Bartram Park.
The property was purchased from Eastland the master developer for Bartram Park. It exceeds Block One Ventures and its affiliates previous land acquisitions by four times, making it the largest undeveloped land parcel purchase to date.
Block One Ventures plans to develop the property in three separate projects. The three developments will include 1,069 residential multifamily units adjacent to the growing Durbin Park community, a 1,600-acre development now entering its second phase of construction. Durbin Park Phase 2 urban village will include a hospital, hotel and significant commercial and retail space.
“This area of Northeast Florida is one of the fastest-growing commercial development corridors in the state,” said Katelyn Taylor, Operations Manager. “Our team is excited to design and build three separate and unique parcels to provide various residential options for the growing community of Northeast Florida.”
Construction is anticipated to begin in the third quarter of 2022. Dynamik Design, based in Atlanta, has been selected as the projects’ architectural firm and England, Thims, & Miller Inc. (ETM) will serve as civil engineer. This development will be Block One Ventures’ eighth, nineth, and tenth projects in Northeast Florida. Previous projects include Courtney Meadows at Town Center, Soleil and Seaglass at Ponte Vedra Beach, The Point at Town Center, The Reserve at Nocatee, Argyle Lake at Oakleaf and The Station at San Marco, which is currently in the early phases of construction.
About Block One Ventures
Founded in 2015, Block One Ventures is a commercial real estate company with expertise in identifying quality real estate opportunities focused on building multi-housing residential developments in the path of growth. Block One Ventures focuses on acquiring premier real estate with long-term potential for significant value creation and is an affiliate of Trevato Development Group. To learn more, visit blockoneventures.com