Trevato Development Group secured a $76.8 million construction financing for a 415-unit mixed-use development project in Jacksonville Beach, Fla.
The development, located at 1944 Beach Blvd. in Jacksonville Beach, will also include 1,800 square feet of retail along Beach Boulevard. The development, which broke ground July 1, will be the area's first new luxury high-end residential rental community in decades.
The class A multifamily community will offer a mix of one-, two- and three-bedroom units averaging 989 square feet, all designed with premium finishes and coastal-inspired architecture. Residents will enjoy resort-style amenities including multiple courtyards, a pool complex with cabanas and sun shelf, fitness centers, co-working spaces, outdoor summer kitchens, bocce ball courts, hammock islands and a dog park with washing station.
Construction is underway, with first units delivered in fourth quarter 2028 and stabilization anticipated by September 2030.
