Trevato Breaks Ground on $120M Jacksonville Project
It's Northeast Florida coast's first new mixed-income community in decades.
Trevato Development Group has started construction on a $120 million mixed-income rental project in Jacksonville Beach, Northeast Florida coast’s first in decades. Overall, the multifamily development will include 415 market rate and workforce housing units.
Dynamik Design serves as architect of record and England-Thims & Miller as civil engineer. Preleasing is estimated to start in early 2028.
The community rises at 1944 Beach Blvd., the former site of Adventure Landing Park. Downtown Jacksonville, Fla., is 16 miles away while the city’s international airport is 26 miles northwest.
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Trevato purchased the property in 2021 through a bidding process for $7.9 million, according to Duval County public records. Adventure Landing vacated the land in October 2025 and the demolition of the former buildings and infrastructure started in May 2026.
Upon delivery, the community will include 385 market rate units and 30 affordable housing apartments across four three-story buildings. Floorplans will have one- to three-bedroom configurations. Amenities are set to feature a fitness center, a swimming pool, a clubhouse and 845 parking spaces.
The property will also comprise a dedicated platform overlooking the Intracoastal Waterway and 1,800 square feet of ground-floor retail space. Colliers Associate Vice President Olivia Steinemann will be in charge of commercial leasing.
Supply wave slows development activity
Jacksonville’s multifamily sector posted mixed fundamentals going into the first quarter of 2026, according to a recent Yardi Matrix report. Even as population growth and rental demand kept steady, the metro still struggled to absorb last year’s wave of new supply, amounting to 7,374 units.
As such, construction starts pulled the brakes. As of March, developers broke ground on just one project of 300 units in the metro—a 63 percent decline from the 810 units that entered the pipeline during the same period of 2025.
The project in question is Mills Creek Preserve Phase II, the expansion of a luxury community in Yulee, Fla. Upon delivery, Phase II will comprise five residential buildings, a playground and some 620 parking spaces, among others.
