Trevato Development Group obtained a $76.8 million construction loan to build a mixed-use development in Jacksonville. The four-year, floating-rate loan was provided by Ameris Bank. A JLL Capital Markets team led by Mark West secured the loan.
The development, located at 1944 Beach Blvd. in Jacksonville Beach, will include a 415-unit apartment complex and 1,800 square feet of retail along Beach Boulevard.
The Class A multifamily community will offer a mix of one-, two- and three-bedroom units averaging 989 square feet. Residents will enjoy 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 a washing station.
Construction is underway, with first units delivered in the fourth quarter of 2028 and stabilization anticipated by September 2030.
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