TREVATO DEVELOPMENT GROUP PRESS RELEASE
PRIMARY CONTACT: Nan Kavanaugh, 904.415.0051 or email@example.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.