Trevato Lands $76.8M Loan for 415-Unit Mixed-Use Development in Jacksonville Beach

Trevato Lands $76.8M Construction Loan for Jax Apartment Complex
CRE Market Beat Take
Bank construction financing for a large Class A multifamily development in Jacksonville Beach indicates ongoing lender appetite for well-amenitized rental product in established coastal corridors.

Trevato Development Group has obtained a $76.8 million construction loan to support a new mixed-use development in Jacksonville Beach. The four-year, floating-rate facility was provided by Ameris Bank, with a JLL Capital Markets team led by Mark West arranging the financing. The loan will fund construction of a Class A multifamily community with a ground-floor retail component along Beach Boulevard.

The project is planned for 1944 Beach Blvd. in Jacksonville Beach. Plans call for a 415-unit apartment complex paired with 1,800 square feet of retail space fronting Beach Boulevard. The combination positions the property as both a residential community and a small-scale retail destination within the immediate corridor.

The multifamily component will feature a mix of one-, two- and three-bedroom units. Across the unit mix, apartments are expected to average 989 square feet, aligning with larger-format floorplans typical of Class A suburban and coastal communities. The configuration is designed to appeal to a range of household types, from single renters to larger households seeking additional space.

Planned amenities are extensive and are concentrated around activated outdoor and shared social spaces. The development will incorporate multiple courtyards, offering residents a variety of gathering and relaxation areas throughout the site. A pool complex with cabanas and a sun shelf will serve as a central recreational feature, reinforcing the property’s Class A positioning.

Indoor and outdoor lifestyle offerings will extend beyond the pool area. Fitness centers will provide on-site wellness options, while co-working spaces are planned to support residents who work remotely or require flexible workspace close to home. Outdoor summer kitchens will offer additional social and entertaining areas within the community.

The amenity package also includes several recreation-focused features. Bocce ball courts are planned to activate outdoor spaces and provide casual, resident-focused programming opportunities. Hammock islands will offer more informal relaxation zones, complementing the more active amenities and contributing to a resort-style environment.

Pet-focused amenities are incorporated into the site plan as well. A dedicated dog park with a washing station will give residents a convenient option for pet exercise and care within the community. This feature aligns the project with renter preferences for pet-friendly environments in new multifamily product.

Construction on the Jacksonville Beach development is already underway. The first residential units are scheduled to be delivered in the fourth quarter of 2028, providing an initial occupancy window for early residents. Full stabilization of the property is anticipated by September 2030, reflecting a multi-year lease-up and operating ramp once construction is completed.

With construction financing in place and work in progress, the Trevato Development Group project adds a sizable Class A multifamily community with ground-floor retail to the Jacksonville Beach pipeline. The financing arranged by JLL Capital Markets, together with Ameris Bank’s role as the construction lender, underscores ongoing bank participation in funding new mixed-use residential development in the area.

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