News
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.
City of Jacksonville Beach Approves Trevato Development Group Revised Rezoning and Land Use Application
JACKSONVILLE BEACH, Fla. — December 6, 2022 — Trevato Development Group received approval for its revised rezoning and land use applications for the property located at 101944 Beach Blvd. in Jacksonville Beach by the City of Jacksonville Beach City Council on November 7, 2022.
City Council Awards Application in Unanimous 7-0 Vote
JACKSONVILLE BEACH, Fla. — December 6, 2022 — Trevato Development Group received approval for its revised rezoning and land use applications for the property located at 101944 Beach Blvd. in Jacksonville Beach by the City of Jacksonville Beach City Council on November 7, 2022.
The revised land use application for a mixed-use neighborhood center, originally submitted in October of 2021, proposed increasing the conservation and recreation area from 6.83 acres to 19.43 acres and reducing the planned lands zoned for Community Commercial and Low Density Residential use by half. Over the course of a year, Trevato worked with the City of Jacksonville Beach planning department staff and held community meetings to gather feedback on the project. The development group made revisions to the original application based on recommendations by the City of Jacksonville Beach and community members. The final revisions were presented to the City of Jacksonville Beach City Council, and the governing body approved both applications in a unanimous 7-0 vote, as covered by First Coast News.“It was important to us, as a Jacksonville Beach-based company, to work in partnership with our community,” said Katelyn Taylor, Director of Operations and Portfolio for Trevato Development Group. “We are appreciative of the City of Jacksonville Beach staff for working with us to create an improved project for all parties.” The revised application resulted in approximately 43 acres of open space and conservation land, comprising 80 percent of the property. As covered by the Jax Daily Record, the mixed-use development will consist of 385 market rate residential units and 30 affordable housing rate units with 1,800 square feet of retail space designated for a coffee shop or restaurant. The architectural design will be inspired by Alys Beach, a luxury beach community located in the Florida panhandle region. An easement on the property was provided to the City of Jacksonville Beach by Trevato for a welcome sign to mark the entrance to Jacksonville Beach once crossing the Intracoastal Waterway. As reported by the Jacksonville Daily Record, the plans also include a viewing platform with available connection by the city to the public right-of-way — providing a vista of the conservation area that will be open for the community to enjoy.
This development will be Trevato’s sixth project in Northeast Florida’s coastal community, where the company is headquartered. Other projects by the Jacksonville Beach-based group include The Gallery, a mixed-use development that reactivated the former J. Johnson Gallery along the First St. N. and Fourth Ave. corridor, and the new O-Ku restaurant; a mixed-use development at 704 First St. N., the former location of the Dolphin Depot; a property at 502 1st Street N.; the renovation of 200 First Street N., home to Surfer the Bar and Rip Curl; and the Winn Dixie located at 290 Solano Rd. in Ponte Vedra Beach.
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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.
This could be the future of Brooklyn: Park Street area center of investor activity
Park Street in the Brooklyn area of Downtown could be on the verge of a transformation that would turn vacant parcels and dated buildings into a center of multifamily and commercial uses.
City of Jacksonville Beach Approves Trevato Development Group Revised Rezoning and Land Use Application
JACKSONVILLE BEACH, Fla. — December 6, 2022 — Trevato Development Group received approval for its revised rezoning and land use applications for the property located at 101944 Beach Blvd. in Jacksonville Beach by the City of Jacksonville Beach City Council on November 7, 2022.
City Council Awards Application in Unanimous 7-0 Vote
JACKSONVILLE BEACH, Fla. — December 6, 2022 — Trevato Development Group received approval for its revised rezoning and land use applications for the property located at 101944 Beach Blvd. in Jacksonville Beach by the City of Jacksonville Beach City Council on November 7, 2022.
The revised land use application for a mixed-use neighborhood center, originally submitted in October of 2021, proposed increasing the conservation and recreation area from 6.83 acres to 19.43 acres and reducing the planned lands zoned for Community Commercial and Low Density Residential use by half. Over the course of a year, Trevato worked with the City of Jacksonville Beach planning department staff and held community meetings to gather feedback on the project. The development group made revisions to the original application based on recommendations by the City of Jacksonville Beach and community members. The final revisions were presented to the City of Jacksonville Beach City Council, and the governing body approved both applications in a unanimous 7-0 vote, as covered by First Coast News.
“It was important to us, as a Jacksonville Beach-based company, to work in partnership with our community,” said Katelyn Taylor, Director of Operations and Portfolio for Trevato Development Group. “We are appreciative of the City of Jacksonville Beach staff for working with us to create an improved project for all parties.” The revised application resulted in approximately 43 acres of open space and conservation land, comprising 80 percent of the property. As covered by the Jax Daily Record, the mixed-use development will consist of 385 market rate residential units and 30 affordable housing rate units with 1,800 square feet of retail space designated for a coffee shop or restaurant. The architectural design will be inspired by Alys Beach, a luxury beach community located in the Florida panhandle region. An easement on the property was provided to the City of Jacksonville Beach by Trevato for a welcome sign to mark the entrance to Jacksonville Beach once crossing the Intracoastal Waterway. As reported by the Jacksonville Daily Record, the plans also include a viewing platform with available connection by the city to the public right-of-way — providing a vista of the conservation area that will be open for the community to enjoy.
This development will be Trevato’s sixth project in Northeast Florida’s coastal community, where the company is headquartered. Other projects by the Jacksonville Beach-based group include The Gallery, a mixed-use development that reactivated the former J. Johnson Gallery along the First St. N. and Fourth Ave. corridor, and the new O-Ku restaurant; a mixed-use development at 704 First St. N., the former location of the Dolphin Depot; a property at 502 1st Street N.; the renovation of 200 First Street N., home to Surfer the Bar and Rip Curl; and the Winn Dixie located at 290 Solano Rd. in Ponte Vedra Beach.
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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.
This could be the future of Brooklyn: Park Street area center of investor activity
Park Street in the Brooklyn area of Downtown could be on the verge of a transformation that would turn vacant parcels and dated buildings into a center of multifamily and commercial uses.
The Indigo Road Hospitality Group Announces the Opening of O-Ku in Jacksonville Beach
JACKSONVILLE, Fla. (December 14, 2021) – The Indigo Road Hospitality Group (IRHG), an award-winning hospitality team based out of Charleston, South Carolina, announces its newest restaurant location to open in Jacksonville Beach in early 2022. This will be the first restaurant by the group to open in Florida and the seventh O-Ku location.
TREVATO DEVELOPMENT GROUP PRESS RELEASE
PRIMARY CONTACT: Holly Smith-Hale, 90.51.4490, holly@henhousemarketing.com
FOR IMMEDIATE RELEASE
JACKSONVILLE, Fla. (December 14, 2021) – The Indigo Road Hospitality Group (IRHG), an award-winning hospitality team based out of Charleston, South Carolina, announces its newest restaurant location to open in Jacksonville Beach in early 2022. This will be the first restaurant by the group to open in Florida and the seventh O-Ku location.
Inspired by the original Charleston location and similar to fellow O-Ku locations (Nashville; Atlanta; Charlotte, N.C.; Raleigh, N.C.; Washington D.C.), the Jacksonville Beach menu will provide a fresh and innovative take on traditional Japanese sushi and cuisine. The modern Japanese restaurants offer rare and unique dining options with sashimi and specialty rolls, sourcing seafood from the finest fish markets in Tokyo and Hawaii, alongside well-known local fisheries, and local purveyors.
O-Ku Jacksonville Beach, located at 502 First Street North, is ideally situated directly across from the iconic Jax Beach pier and is among a few select restaurants at the Beaches to offer ocean views, and the especially coveted rooftop dining and bar.
“Once we visited Jax Beach, it immediately felt like home for O-Ku,” said Steve Palmer, IRHG founder on why they chose Jacksonville. “We are always looking for vibrant coastal communities to plant roots in, and what could be better than fresh sushi among a beautiful beach view? This is a wonderful community with welcoming neighbors, and we are looking forward to joining the growing culinary scene here.”
Palmer is not new to the Florida hospitality scene. Prior to forming The Indigo Road in 2009, Palmer served as vice president of food and beverage for the Ginn Clubs and Resorts, where he managed eleven properties in the Southeast and the Caribbean. Much of his time was spent at the varied properties, where he grew an appreciation for Florida living and hospitality. With an early start in the trade, a dishwasher at the ripe age of 13, Steve has worked in all aspects of hospitality and in various locations. Palmer now proudly introduces his O-Ku concept to his prior home base on Florida’s First Coast.
The Indigo Road was welcomed to the area by Trevato Development Group, owner of the prime 502 First Street location. “This stretch of First Street North is home to our headquarters located in the former J. Johnson Gallery. We are excited to have O-Ku, a restaurant with a strong reputation throughout the Southeast, as a neighbor,” said Katelyn Taylor, Head of Operations of Trevato Development Group. “Their opening coinciding with the completion of The Gallery’s rooftop event space will make this block of Jacksonville Beach a destination.”
O-Ku is expected to open in early 2022 and is currently hiring for all positions. The space will be open for dinner and cocktails initially, with lunch hours to follow in early Spring. The restaurant is approximately 4,400 square feet and can seat up to 165 guests. The menu will feature traditional O-Ku signature items with a balance of locally inspired chef specials.
The Indigo Road Hospitality Group
Founded in 2009 by Steve Palmer, The Indigo Road Hospitality Group (IRHG) owns, operates, and manages restaurants and boutique hotels throughout the country. Based in the Southeast, IRHG is founded upon the core principle of serving with love and creating memorable experiences for all. In 2019, IRHG marked its tenth anniversary by being named a Forbes Small Giant and appearing on the Inc. 5000 Fastest Growing Companies list, and in 2020 announced that hotelier Larry Spelts joined The Indigo Road as a partner and president of its new venture into lodging with a focus on food and beverage driven boutique hotels. The Indigo Road’s dedication to excellence in food and beverage has been recognized the past three consecutive years (’18,’19, & ’20) by Palmer being named a semi-finalist by the James Beard Foundation’s award for Outstanding Restaurateur-US. For more information on the portfolio, team, core values and services, visit theindigoroad.com.
Media Coverage
O-ku Coming to Jacksonville Beach
O-Ku bringing sushi, rooftop bar to Jacksonville Beach
Trevato Development Group Announces Purchase of Jacksonville Beach Property
JACKSONVILLE BEACH, Fla. — October 8, 2021 — Trevato Development Group announced the purchase of the property located at 704 1st Street N. in Jacksonville Beach. The 1.36-acre vacant property is the former site of the Dolphin Depot restaurant and directly across First Street from the recently opened Margaritaville Beach Hotel. The $8.5 million purchase closed today.
TREVATO DEVELOPMENT GROUP PRESS RELEASE
PRIMARY CONTACT: Nan Kavanaugh, 904.415.0051 or nan@wearewingard.com
FOR IMMEDIATE RELEASE
JACKSONVILLE BEACH, Fla. — October 8, 2021 — Trevato Development Group announced the purchase of the property located at 704 1st Street N. in Jacksonville Beach. The 1.36-acre vacant property is the former site of the Dolphin Depot restaurant and directly across First Street from the recently opened Margaritaville Beach Hotel. The $8.5 million purchase closed today.
The property is located in the Jacksonville Beach Central Business District on the block between First and Second Streets North, and Sixth and Seventh Avenues North. Trevato plans to redevelop the property to include a vibrant, pedestrian-friendly, mixed-use development featuring 180 parking spaces.
This development will be Trevato’s fifth project in Northeast Florida’s coastal community in which they are headquartered. Other projects by the Jacksonville Beach-based group include the multimillion dollar renovation and repurpose of the former Freebird Live building at 200 1st Street N., now home to Surfer the Bar and Rip Curl; The Gallery, a mixed-use development that reactivated the former J. Johnson Gallery along the First Street North and Fourth Avenue corridor; as well as a property at 502 1st Street N., which will feature an upscale restaurant and rooftop dining operated by an experienced hospitality group new to the N. Florida market. Currently, Trevato is seeking approvals to redevelop Adventure Landing, which was acquired pursuant to bankruptcy proceedings.
“Trevato is dedicated to investing in its community,” said Steve Diebenow, attorney for Trevato Development Group. “This project, like all of their initiatives, is driven by a passion for placemaking in dynamic neighborhoods.”
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.
