Trevato Development Group has officially secured $76.8 million in construction financing for a landmark 415-unit mixed-use project in Jacksonville Beach, Florida. Located at 1944 Beach Blvd., the development represents a major investment in the coastal region, aiming to provide high-end residential options alongside essential retail space in a highly competitive real estate market.
Key takeaways
- The project features 415 luxury residential units and 1,800 square feet of ground-floor retail space.
- Financing was secured through a four-year, floating-rate loan provided by Ameris Bank.
- Construction officially commenced on July 1, 2026, with the first residential units expected to be delivered by late 2028.
- The development is designed to address the high demand for housing in one of the nation’s fastest-growing job markets.
A new standard for coastal living
The upcoming community is set to become the area’s first new luxury high-end rental project in decades. By blending coastal-inspired architecture with premium interior finishes, the development seeks to cater to modern renters looking for both style and convenience. The residential mix includes one-, two-, and three-bedroom floor plans, all averaging approximately 989 square feet. Beyond the apartments themselves, the site will integrate 1,800 square feet of retail space directly along Beach Boulevard, enhancing the local commercial landscape.
Resort-style amenities and lifestyle
Residents will have access to an extensive suite of amenities designed to foster a resort-like atmosphere. The project emphasizes outdoor living and community engagement, featuring multiple courtyards, a swimming pool complex complete with private cabanas, and a sun shelf. Fitness enthusiasts will benefit from dedicated centers, while professionals can utilize on-site co-working spaces. Additional lifestyle features include:
- Outdoor summer kitchens for social gatherings
- Bocce ball courts for recreation
- Hammock islands for relaxation
- A dedicated dog park with a washing station
Market demand and future growth
The Jacksonville area continues to stand out as a top-tier market, frequently recognized for its strong job growth and economic vitality. The Jacksonville Beaches submarket, in particular, maintains high occupancy rates, often averaging 94 percent, which underscores the significant local demand for quality housing. With a limited supply of new inventory and a high barrier to entry in this coastal location, the project is well-positioned for long-term stability. Trevato Development Group expects the project to reach full stabilization by September 2030, marking a significant milestone in their broader strategy to expand their portfolio across the Southeast and Texas.
Sources
- Trevato Mixed Use Development, Yield PRO.