415-unit, mixed-income residential community signals a new chapter of growth as Trevato pursues more development and acquisition opportunities
JACKSONVILLE BEACH, Fla. — July 1, 2026 — Trevato Development Group, a privately held real estate investment and development company headquartered in Jacksonville Beach, has broken ground on a 415-unit multifamily community at 1944 Beach Boulevard in Jacksonville Beach.
The $120 million development will include market-rate and workforce housing. Plans also include approximately 1,800 square feet of ground-level retail space and a dedicated viewing platform overlooking the Intracoastal Waterway. This project marks a pivotal milestone for Northeast Florida’s coastal communities, bringing the first new mixed-income residential rental community in decades.
Positioned prominently on Beach Boulevard near the base of the B.B. McCormick Bridge, the development will greet residents and travelers into the city with a new “Welcome to Jacksonville Beach” sign, reinforcing the project’s role as a gateway to the community.
“Jacksonville Beach is home to Trevato, and this project continues our effort to bring an upscale coastal lifestyle to our community,” said Ellis Lancaster, Director of Development for Trevato. “This is more than a single development, it’s a statement about the future of investment in Northeast Florida’s beaches.”
Trevato acquired the property in 2021 through a highly competitive bidding process. With its unique location and development potential, this project is representative of Trevato’s broader acquisition and development strategy. The company’s portfolio now includes numerous assets with a total development scale exceeding $2 billion and seeks to expand. Trevato is actively pursuing additional investment opportunities in markets throughout the Southeast, including Nashville, Tennessee; Raleigh and Durham, North Carolina; Birmingham, Alabama; and Dallas, Texas.
“For this project, we were able to outmaneuver dominant national multifamily competition through our nimble process, discreet capital, streamlined decision-making and quick analysis,” said Dave Stahl, Director of Capital Markets and Acquisitions for Trevato. “Today, Trevato and our sister company, Block One Ventures, are ready to embark on development of a number of entitled land assets across our portfolio and to seek further strategic acquisitions across the Southeastern United States.”
Adventure Landing, the site’s longtime amusement operator, vacated the property on October 31, 2025, fully removed its equipment by March 5, 2026, and a large-scale demolition of the former buildings and infrastructure began on May 8, 2026, clearing the way for construction to officially begin.
The project on Beach Boulevard is also part of Trevato’s investment strategy within its home market of Jacksonville Beach. In 2022, the company developed the property at 502 1st Street North, where O-Ku Sushi now operates. The company is currently marketing three additional upscale restaurant locations in the area through Olivia Steinemann with Colliers. Looking further ahead, Trevato’s plans include a luxury, independently branded hotel and condominium project near its office at 320 1st Street North, continuing its long-term strategy of enhancing housing and hospitality options in the region through high-quality, walkable, mixed-use development.
“We are dedicated to efficient use of capital and value creation, and development of this site illustrates the best of both,” Lancaster said. “Trevato’s track record has consistently delivered exceptional risk-adjusted returns, and this project is positioned to extend that record while meeting a genuine, long-unmet housing need in Jacksonville Beach.”
Pre-leasing for the first units at the Beach Boulevard development will begin in early 2028. The development team includes Dynamik Design as architect and England-Thims & Miller as civil engineer.
For more information on commercial leasing, contact Olivia Steinemann of Colliers at 904.861.1121 or email olivia.steinemann@colliers.com.
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About Trevato Development Group
Trevato Development Group is a privately held real estate investment and development company based in Jacksonville, Florida. Its objective is to produce high-quality projects, importing features from successful comparables in larger, up-and-coming cities. Trevato embraces local character while creating new and innovative experiences that promote walkability and a strong sense of place.
