JACKSONVILLE, Fla. –– April 28, 2026 –– Trevato Development Group, a sister company of Block One Ventures, announced today the $78 million refinance of The Station at San Marco, a 345-unit multi-family project in Jacksonville, Florida with a nationally known insurance company.
The property, completed in 2024, is located at 1230 Hendricks Avenue in the highly desirable San Marco neighborhood of Jacksonville. It is close to Downtown, situated among a convergence of hospitals and medical providers, a short distance from the heart of San Marco Square and less than one mile from the Southbank Riverwalk.
The refinance provides Trevato with a low-cost takeout of its construction loan at 90% of cost, and follows a $73 million refinance of another multifamily project: the Residences of Enso, completed in 2025.
The refinance for Station at San Marco provides term funding, satisfying the last remaining construction loan in Trevato’s portfolio.
For more information, visit www.trevatogroup.com/portfolio/block-one-ventures/, or contact Dave Stahl, Capital Markets and Acquisitions, at dstahl@trevatogroup.com.
About Trevato Development Group: Trevato Development Group, founded in 2016, invests in assets demonstrating long-term intrinsic value for its investors. The assets are unique, rarely change ownership, are specifically non-commodity locations, and are often inefficiently priced due to temporary asset specific issues and/or short-term capital market dislocations. It is a sister company of Block One Ventures. To learn more, visit trevatogroup.com.
