JACKSONVILLE, Fla. – May 2, 2025 – Block One Ventures announced the sale of 12.68 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 sold to an affiliate of Dream Finders Homes, a Jacksonville based home builder.
The property was purchased from Winslow Farms, the master developer for Bartram Park. It accomplishes two strategic goals for Block One. It converts 158 rental units from Block One’s entitled 1,069 units to for-sale townhomes, thereby reducing future rental competition. It also insulates Block One’s remaining two parcels from I-95.
Block One plans to develop the remaining property in two separate projects. They will include 911 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 remains one of the fastest-growing commercial development corridors in the state,” said a spokesman for Block One Ventures. “The sale price of $82,000 per undeveloped lot also validates the value of the overall property. Our team is excited to design and build the remaining two separate and unique parcels to provide various residential options for the growing community of Northeast Florida.”
Construction on the 384-unit western parcel is anticipated to begin in the third quarter of 2025. Architect Dynamik Design, based in Atlanta,Georgia, has fully designed the project and England, Thims & Miller Inc (ETM) will serve as civil engineer. The general contractor has been identified, and contract final negotiations are being completed. Block One’s 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.
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 www.TrevatoGroup.com
