Block One Ventures – Trevato Development Group

Portfolio

Trevato’s sister company, Block One Ventures, also based in Jacksonville, Florida, utilizes an investment approach of filling near-term multi-housing demand gaps with development assets located in the path of growth, at attractive all-in bases relative to stabilized cash flows, and with meaningful downside protection.

Please see Block One’s website at blockoneventures.com.

ACTIVE PROJECTS

The Station at San Marco

345 upscale multi-family urban units and 5,000 sf of retail located in the Historic San Marco neighborhood of Jacksonville
Proximate to medical users Baptist Medical Center, Wolfson’s Children’s Hospital, Nemours Children’s Specialty Care and Baptist MD Anderson Cancer Center, and a five-minute drive to well-paying jobs in downtown Jacksonville
10-minute walk to San Marco Square, an authentic and quaint hub of eateries and bistros, bars, and boutiques

Bartram Commons Phase I

Origianlly 384 upper scale multi-family units in a four-story product with elevators, as the first of three phases totaling 1,069 units
Along Race Track Road, the primary east/west road separating Duval and St John’s counties in Northeast Florida; has been widened to four lanes
Only submarket property with 5-minute access to State Road 9B and Interstate 95 via the completion of East Peyton Parkway, completed in early 2024
Immediately proximate to Durbin Park’s 700,000 sf Phase I of retail development, with an eventual total of 2,000,000 sf
Phase I sold to a townhome developer Q1 2025

Bartram Commons Phases II and III

306 and 379-unit multi-family phases of future development
Phases designed for distinct rent profiles from one another and from Phase I
$6.5 million master sitework, including Phase I, creating multi-pads superpads, completed Q4 2023
Anticipated groundbreaking early 2027
Phase III to begin once Phase II reaches 50% pre-leased

PRIOR PROJECTS

Multi-family Ground-up Development

760 multi-family units in three separate projects developed and completed between 2016 and 2020
Each land tract chosen with first mover advantage, and favorable supply/demand characteristics in its respective submarket
Projects economically designed specifically for submarket location and renter demographic
All developed, branded, leased, and sold by Q2 2021 with exceptional returns

Multi-family Value-add Redevelopment

Original Block One strategy that included 756 multi-family units in three projects purchased in 2014 and 2015
Purchases were price driven through 1) a broken sale process, 2) directly from a lender post foreclosure and 3) off-market from a direct relationship with tax savings motivations
All purchased, renovated, re-branded and re-leased, and sold by Q4 2018