News
Block One Ventures LLC Announces Sale of Eastern Parcel of Three Phase Bartram Commons
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 […]
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
Block One Ventures LLC Announces Acquisition of River House on the Southbank Riverwalk
Acquisition of the multifamily development was completed on June 28, with construction on improvements to begin in late summer 2024.
JACKSONVILLE, Fla. –– July 1, 2024 –– Block One Ventures LLC, a sister company of Trevato Development Group, announced today the acquisition of River House for $54 million. The transaction closed on June 28, 2024.
The property, a 263-unit multifamily development located at 1655 Prudential Drive on the St. Johns River in Jacksonville, was originally built in 2018 and is only one of two multifamily communities on the Southbank Riverwalk.
Block One Ventures plans to implement several upgrades to the property, and has retained Ironwood Design for landscape architecture and Dynamik Design for interiors. Both firms have completed design; upon receipt of a permit, construction will begin in late summer 2024. These enhancements follow $11 million in redevelopment work completed by the previous owner and approved by the U.S. Army Corps of Engineers, following a failure of the seawall and bulkhead in 2020 that impacted the property’s three ground units, 10 upper-level units and underground push piers.
“We believe that with this acquisition, in addition to the planned construction improvements, will further enhance the lifestyle experience for existing residents at River House and ultimately bring much-needed activation to the Southbank neighborhood,” said Katelyn Taylor, Trevato Development Group and Block One Ventures Director of Operations and Portfolio.
Block One Ventures was chosen among multiple prospective buyers due to the company’s local knowledge, proactive structural evaluation and ability to close quickly and with confidence.
This acquisition further expands Block One Ventures’ portfolio within Jacksonville’s urban core. In March 2024, Block One Ventures completed the construction of The Station at San Marco, a 345-unit mixed-use development located at 1230 Hendricks Ave near the heart of San Marco Square and less than one mile from the Southbank Riverwalk. The property is currently 70% leased, at a market leading 40+ leases a month.
For more information, visit www. trevatogroup.com/portfolio/block-one-ventures/.
About Block One Ventures LLC:
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 a sister company of Trevato Development Group. To learn more, visit blockoneventures.com.
Allstate Campus now called The Pondry, hints of future residential development
A marketing brochure for The Pondry says it “combines workspace, residential living, and commerce in a one-of-a-kind mixed-use ecosystem.” Trevato Development Group bought the 30-acre site at Butler Boulevard and San Pablo Road South in May.
Trevato Development Group Enters Into $400+ Million Joint Venture Project in Greenville, South Carolina
Trevato Development Group today announced it is entering into a joint venture redevelopment project in Greenville, South Carolina with RocaPoint Partners, a privately held real estate investment and development firm based in Atlanta, Georgia.
JACKSONVILLE BEACH, Fla. — December 11, 2023 — Trevato Development Group today announced it is entering into a joint venture redevelopment project in Greenville, South Carolina with RocaPoint Partners, a privately held real estate investment and development firm based in Atlanta, Georgia. The partnership was finalized on July 7, 2023. The overall joint venture represents more than $400 million in development.
The Greenville County Square Redevelopment Project encompasses 3.5 million square feet of redevelopment on 37 acres of land adjacent to Falls River Park on the Reedy River. Trevato and RocaPoint Partners entered into a 50/50 joint venture in 2023 for 1 million square feet of core development that includes the design and extension of University Ridge, which runs through the center of the master plan. The Trevato and RocaPoint joint venture along with the peripheral development will be a central hub of Greenville’s downtown.
“This 3.5 million square foot redevelopment located in the heart of Greenville’s vibrant city center will be a premier destination to live, work and play,” said Katelyn Taylor, Trevato Development Group Operations Manager. “Our team is looking forward to working closely with RocaPoint Partners to bring the core of this dynamic mixed-use project to one of the nation’s fastest growing cities.”
Trevato will be the lead developer of two multi-family, mixed-use buildings totaling 600 top-of-the-market units in seven-story buildings, with retail on the ground floor and multi-family on floors two through seven. RocaPoint Partners will be the lead developer of two office buildings, two parking garages, a Whole Foods Market, retail and parking garage, in addition to ancillary single-purpose buildings. The retail development will include home furnishings, specialty retailers, food and beverage and entertainment.
Phase one construction is designed to include 184 multi-family units, 30,000 square feet of retail space including Pottery Barn and approximately 100,000 square feet of office mixed-use building space. A 1,100-square-foot parking deck will also be constructed, in addition to ancillary buildings and a dog park.
The second phase of development will include 416 multi-family units and is targeted to include 195,000 square feet of retail space and 125,000 square feet of office space, in addition to a 1,200-square-foot parking deck.
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About Trevato Development Group
Founded in 2016, Trevato Development Group is a privately held real estate investment and development company that is dedicated to creating high-quality projects with a focus inspired by successful comparables in larger up-and-coming cities. Based in Jacksonville Beach, Florida, Trevato embraces local character combined with new and innovative experiences that promote walkability and a vibrant sense of place. To learn more, visit trevatogroup.com.
Block One Ventures LLC Announces Acquisition of River House on the Southbank Riverwalk
Acquisition of the multifamily development was completed on June 28, with construction on improvements to begin in late summer 2024.
JACKSONVILLE, Fla. –– July 1, 2024 –– Block One Ventures LLC, a sister company of Trevato Development Group, announced today the acquisition of River House for $54 million. The transaction closed on June 28, 2024.
The property, a 263-unit multifamily development located at 1655 Prudential Drive on the St. Johns River in Jacksonville, was originally built in 2018 and is only one of two multifamily communities on the Southbank Riverwalk.
Block One Ventures plans to implement several upgrades to the property, and has retained Ironwood Design for landscape architecture and Dynamik Design for interiors. Both firms have completed design; upon receipt of a permit, construction will begin in late summer 2024. These enhancements follow $11 million in redevelopment work completed by the previous owner and approved by the U.S. Army Corps of Engineers, following a failure of the seawall and bulkhead in 2020 that impacted the property’s three ground units, 10 upper-level units and underground push piers.
“We believe that with this acquisition, in addition to the planned construction improvements, will further enhance the lifestyle experience for existing residents at River House and ultimately bring much-needed activation to the Southbank neighborhood,” said Katelyn Taylor, Trevato Development Group and Block One Ventures Director of Operations and Portfolio.
Block One Ventures was chosen among multiple prospective buyers due to the company’s local knowledge, proactive structural evaluation and ability to close quickly and with confidence.
This acquisition further expands Block One Ventures’ portfolio within Jacksonville’s urban core. In March 2024, Block One Ventures completed the construction of The Station at San Marco, a 345-unit mixed-use development located at 1230 Hendricks Ave near the heart of San Marco Square and less than one mile from the Southbank Riverwalk. The property is currently 70% leased, at a market leading 40+ leases a month.
For more information, visit www. trevatogroup.com/portfolio/block-one-ventures/.
About Block One Ventures LLC:
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 a sister company of Trevato Development Group. To learn more, visit blockoneventures.com.
Allstate Campus now called The Pondry, hints of future residential development
A marketing brochure for The Pondry says it “combines workspace, residential living, and commerce in a one-of-a-kind mixed-use ecosystem.” Trevato Development Group bought the 30-acre site at Butler Boulevard and San Pablo Road South in May.
Trevato Development Group Enters Into $400+ Million Joint Venture Project in Greenville, South Carolina
Trevato Development Group today announced it is entering into a joint venture redevelopment project in Greenville, South Carolina with RocaPoint Partners, a privately held real estate investment and development firm based in Atlanta, Georgia.
JACKSONVILLE BEACH, Fla. — December 11, 2023 — Trevato Development Group today announced it is entering into a joint venture redevelopment project in Greenville, South Carolina with RocaPoint Partners, a privately held real estate investment and development firm based in Atlanta, Georgia. The partnership was finalized on July 7, 2023. The overall joint venture represents more than $400 million in development.
The Greenville County Square Redevelopment Project encompasses 3.5 million square feet of redevelopment on 37 acres of land adjacent to Falls River Park on the Reedy River. Trevato and RocaPoint Partners entered into a 50/50 joint venture in 2023 for 1 million square feet of core development that includes the design and extension of University Ridge, which runs through the center of the master plan. The Trevato and RocaPoint joint venture along with the peripheral development will be a central hub of Greenville’s downtown.
“This 3.5 million square foot redevelopment located in the heart of Greenville’s vibrant city center will be a premier destination to live, work and play,” said Katelyn Taylor, Trevato Development Group Operations Manager. “Our team is looking forward to working closely with RocaPoint Partners to bring the core of this dynamic mixed-use project to one of the nation’s fastest growing cities.”
Trevato will be the lead developer of two multi-family, mixed-use buildings totaling 600 top-of-the-market units in seven-story buildings, with retail on the ground floor and multi-family on floors two through seven. RocaPoint Partners will be the lead developer of two office buildings, two parking garages, a Whole Foods Market, retail and parking garage, in addition to ancillary single-purpose buildings. The retail development will include home furnishings, specialty retailers, food and beverage and entertainment.
Phase one construction is designed to include 184 multi-family units, 30,000 square feet of retail space including Pottery Barn and approximately 100,000 square feet of office mixed-use building space. A 1,100-square-foot parking deck will also be constructed, in addition to ancillary buildings and a dog park.
The second phase of development will include 416 multi-family units and is targeted to include 195,000 square feet of retail space and 125,000 square feet of office space, in addition to a 1,200-square-foot parking deck.
###
About Trevato Development Group
Founded in 2016, Trevato Development Group is a privately held real estate investment and development company that is dedicated to creating high-quality projects with a focus inspired by successful comparables in larger up-and-coming cities. Based in Jacksonville Beach, Florida, Trevato embraces local character combined with new and innovative experiences that promote walkability and a vibrant sense of place. To learn more, visit trevatogroup.com.
Block One Ventures LLC Announces Sale of Eastern Parcel of Three Phase Bartram Commons
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 […]
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
Block One Ventures LLC Announces Acquisition of River House on the Southbank Riverwalk
Acquisition of the multifamily development was completed on June 28, with construction on improvements to begin in late summer 2024.
JACKSONVILLE, Fla. –– July 1, 2024 –– Block One Ventures LLC, a sister company of Trevato Development Group, announced today the acquisition of River House for $54 million. The transaction closed on June 28, 2024.
The property, a 263-unit multifamily development located at 1655 Prudential Drive on the St. Johns River in Jacksonville, was originally built in 2018 and is only one of two multifamily communities on the Southbank Riverwalk.
Block One Ventures plans to implement several upgrades to the property, and has retained Ironwood Design for landscape architecture and Dynamik Design for interiors. Both firms have completed design; upon receipt of a permit, construction will begin in late summer 2024. These enhancements follow $11 million in redevelopment work completed by the previous owner and approved by the U.S. Army Corps of Engineers, following a failure of the seawall and bulkhead in 2020 that impacted the property’s three ground units, 10 upper-level units and underground push piers.
“We believe that with this acquisition, in addition to the planned construction improvements, will further enhance the lifestyle experience for existing residents at River House and ultimately bring much-needed activation to the Southbank neighborhood,” said Katelyn Taylor, Trevato Development Group and Block One Ventures Director of Operations and Portfolio.
Block One Ventures was chosen among multiple prospective buyers due to the company’s local knowledge, proactive structural evaluation and ability to close quickly and with confidence.
This acquisition further expands Block One Ventures’ portfolio within Jacksonville’s urban core. In March 2024, Block One Ventures completed the construction of The Station at San Marco, a 345-unit mixed-use development located at 1230 Hendricks Ave near the heart of San Marco Square and less than one mile from the Southbank Riverwalk. The property is currently 70% leased, at a market leading 40+ leases a month.
For more information, visit www. trevatogroup.com/portfolio/block-one-ventures/.
About Block One Ventures LLC:
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 a sister company of Trevato Development Group. To learn more, visit blockoneventures.com.
Block One Ventures LLC Announces Largest Land Acquisition to Date
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.
TREVATO DEVELOPMENT GROUP PRESS RELEASE
PRIMARY CONTACT: Nan Kavanaugh, 904-415-0051 • nan@wearewingard.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
Construction Begins on Newest Community in Historic San Marco
JACKSONVILLE, Fla. (August 18, 2021) – Construction is underway on an urban, infill mixed-use development along an active, central corridor in historic San Marco. Located at 1230 Hendricks Ave., the 3.3-acre property is adjacent to I-95 and close to the growing medical center downtown, including the renowned Baptist Health MD Anderson Cancer Center. It’s also walkable to the shops and restaurants in San Marco Square. The property will bring a community-focused combination of residential and retail to the Jacksonville area, with easy access to downtown.
TREVATO DEVELOPMENT GROUP PRESS RELEASE
PRIMARY CONTACT: Nan Kavanaugh, 904.415.0051 or nan@wearewingard.com
FOR IMMEDIATE RELEASE
JACKSONVILLE, Fla. (August 18, 2021) – Construction is underway on an urban, infill mixed-use development along an active, central corridor in historic San Marco. Located at 1230 Hendricks Ave., the 3.3-acre property is adjacent to I-95 and close to the growing medical center downtown, including the renowned Baptist Health MD Anderson Cancer Center. It’s also walkable to the shops and restaurants in San Marco Square. The property will bring a community-focused combination of residential and retail to the Jacksonville area, with easy access to downtown.
The design for the project is a blend of contemporary massing and organization with a mix of traditional and contemporary materials. Clean lines created with modern elements like the cantilevered roof features and smooth metal and fiber cement panels make bold moves to define the overall feel of the project while materials of varying textures, including wood lap siding and corrugated metal panel, incorporate a human-scale texture into the overall composition. Extensive transparent glazing at the ground floor dissolves the barrier between the indoor spaces and the public realm, inviting passers-by inside during the day and allowing the activity inside to spill out from the illuminated interiors. A rooftop pool takes advantage of its elevation to create panoramic views of Jacksonville while simultaneously separating itself from the hustle and bustle of the street.
The 1230 Hendricks is comprised of 345 multi-family units including studio, 1- and 2-bedroom units ranging in size from 557 to 1,414 square feet. The five-story building also will include 5,000 square feet of street-level retail space across the street from V Pizza, Panera, La Nopalera and Mayday Ice Cream.
Residents will enjoy multiple amenity options including an expansive fitness center, bike storage, pet spa, clubroom with gaming, lounging and remote work areas, spacious pool courtyard, lush garden courtyard, and views across the river to downtown Jacksonville from the rooftop pool and sky lounge topping the sixth level of the parking deck.
Designed by the Atlanta-based firm Dynamik Design, the project will begin pre-leasing in 2022, and is being developed by Block One Ventures and its affiliates. Jacksonville firms ETM and Miranda Contracting Group are providing engineering and sitework services, respectively.
Block One Ventures is part of an affiliated group – including Trevato Development Group – of privately held real estate investment and development companies located in Jacksonville, Fla.
Rendering: Dynamik Design
