Because 1995, colorful slides and zipping go-karts have greeted drivers getting into Jacksonville Seashore along Seashore Boulevard.
That could transform with programs that would probably switch the Journey Landing park residence into a multifamily enhancement, altering the 22-acre property at the Beach Boulevard gateway into Jacksonville Seashore.
An market professional, Luke McCann, senior associate of multifamily expenditure profits for Jacksonville-centered NAI Hallmark, claimed the assets presents “a exclusive opportunity” for significant-scale multifamily advancement.
“It is really hard to uncover infill multifamily web-sites in Jacksonville right now, in particular in key submarkets like the Beach locations,” he explained.
“When you seem at exactly where the price of housing has gone out there, you see men and women will pay a premium to be on that aspect of the water. New multifamily developments like these will aid equilibrium out source and demand from customers and give extra very affordable options to its citizens.”
Trevato Development Group, managed by trader Len Allen, purchased the house Feb. 24 through the JB Honest Park MF LLC. MF implies multifamily.
The Jacksonville Seashore Town Council is scheduled to get a community briefing on the venture June 28, Mayor Chris Hoffman claimed June 22.
Hoffman explained by electronic mail that she read informally the developer plans multifamily building.
“I’ll be sorry to see Adventure Landing close because it has been a resource of relatives amusement at the shorelines due to the fact the mid-nineties,” she wrote.
“The spot is alongside the key corridor into Jacksonville Beach front and it’s vital to me that it fits the character of the seaside though also minimizing the impression on targeted visitors and the nearby all-natural parts.”
JB Honest Park MF LLC shares an handle with Trevato Improvement Group in Jacksonville Seashore.
Allen signed as the landlord of the Beach Boulevard assets on the lease arrangement with Experience Landing, which was integrated in a submitting with the U.S. Individual bankruptcy Court docket for the Middle District of Florida.
A new lease settlement was accepted final week in U.S. Individual bankruptcy Court for the Middle District of Florida, Jacksonville Division, that calls for Adventure Landing to vacate the residence at 1944 Beach front Blvd. in Jacksonville Beach front by Oct. 31.
Trevato acquired the residence as a result of JB Honest Park MF LLC. Its identify now is JB Honest Park LLC.
Allen and Trevato could not be arrived at for comment.
Trevato’s web site claims it is a privately held serious estate financial investment and progress corporation, with a purpose to “produce large high-quality jobs, importing functions from productive comparables in greater up-and-coming Towns.”
Projects incorporate: “A class A multi-family beach locations space internet site redevelopment/repurpose made to catch the attention of tenants with the maximum disposable incomes industry huge.”
No address was involved.
Residence documents and Trevato’s web site display it owns 40 acres on San Pablo Highway, where it designs a multifamily and blended-use advancement.
Jacksonville Every day Report news associate WJXT Tv set-4 noted in 2019 that the developer was scheduling to transform constructions it owns by means of Park FH LLC at 339 and 301 Park St. in Brooklyn into a foodstuff corridor.
Data display it owns almost a block in Jacksonville Seaside, the place its web site says it is building the mixed-use The Gallery at First Street and Fourth Avenue North.
Cronk Duch Architecture labored with Trevato on the The Gallery and the Brooklyn food stuff hall.
Business partners stated June 22 they did not have data on options at the Experience Landing house.