Jacksonville Beach $120M Mixed-Income Project Breaks Ground

Trevato Development Group broke ground on a $120 million Jacksonville Beach mixed-income development with 415 apartments, retail, and workforce housing.
Jacksonville Beach Mixed-Use Project Lands $76.8M Loan
  • Trevato Development Group has started construction on a $120 million, 415-unit mixed-income development in Jacksonville Beach.
  • The project will replace the former Adventure Landing site with market-rate and workforce housing, retail space, and public-facing amenities.
  • The development reflects Trevato’s broader expansion strategy as it pursues acquisitions and new projects across the Southeast.
Key Takeaways

Trevato Development Group has officially broken ground on a $120 million mixed-use development in Jacksonville Beach, transforming the former Adventure Landing property into the area’s first new mixed-income rental community in decades. Located at 1944 Beach Blvd., the 415-unit project combines market-rate and workforce housing with neighborhood-serving retail and public amenities.

The development marks a major milestone for both Jacksonville Beach and Trevato, which is using the project as a springboard for expansion across the Southeast.

Reimagining a Landmark Site

Trevato acquired the former Adventure Landing property in 2021 through a competitive bidding process, targeting the site for long-term redevelopment. The amusement park closed in October 2025, equipment removal wrapped up in March 2026, and demolition began in May before construction officially started on July 1.

Positioned near the base of the B.B. McCormick Bridge, the project will serve as a gateway into Jacksonville Beach and include a new “Welcome to Jacksonville Beach” sign alongside a public viewing platform overlooking the Intracoastal Waterway.

The Details

The development will feature 415 apartments across a mix of market-rate and workforce housing, along with approximately 1,800 square feet of ground-floor retail. Preleasing is expected to begin in early 2028.

Dynamik Design is serving as the project’s architect, while England-Thims & Miller is the civil engineer. Trevato is also marketing three nearby restaurant spaces through Colliers as part of its broader investment strategy in Jacksonville Beach.

Trevato’s Growth Strategy

The Jacksonville Beach project is one piece of Trevato’s expanding development pipeline. According to the company, its portfolio now represents more than $2 billion in total development value, with active acquisition efforts underway in Nashville, Raleigh-Durham, Birmingham, and Dallas.

The company has continued investing in its hometown market as well. In 2022, it developed the property at 502 1st Street North, now home to O-Ku Sushi, and is planning a luxury independently branded hotel and condominium project near its headquarters.

Why It Matters

The project brings much-needed housing to one of Northeast Florida’s most land-constrained coastal communities while replacing a long-vacant entertainment property with higher-density mixed-use development. Its inclusion of workforce housing also addresses growing affordability challenges in Jacksonville Beach, where new rental inventory has remained limited.

Beyond the project itself, the groundbreaking signals continued confidence in coastal Florida multifamily development despite a more selective investment environment.

What’s Next

Construction is underway, with preleasing expected to begin in early 2028. As Trevato advances the Jacksonville Beach development, the company plans to accelerate acquisitions and entitled land developments across the Southeast, positioning itself for its next phase of regional growth.

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