$76.8M construction financing arranged for 415-unit mixed-use development in Jacksonville Beach

DALLAS, July 9, 2026 –  JLL Capital Markets announced today that it has secured a $76.8 million construction financing for a 415-unit mixed-use development project in Jacksonville Beach, Florida.

JLL represented the borrower, Trevato Development Group, in securing the four-year, floating-rate loan through Ameris Bank.

The development, located at 1944 Beach Blvd. in Jacksonville Beach, will also include 1,800 square feet of retail along Beach Boulevard. The development, which broke ground on July 1, will be the area's first new luxury high-end residential rental community in decades.

The Class A multifamily community will offer a mix of one-, two- and three-bedroom units averaging 989 square feet, all designed with premium finishes and coastal-inspired architecture. Residents will enjoy resort-style 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 washing station.

Construction is underway, with first units delivered in the fourth quarter of 2028 and stabilization anticipated by September 2030.

Jacksonville continues to be recognized as one of the fastest-growing markets in the nation, ranking as the number two hottest job market in the United States according to The Wall Street Journal in 2024. The Jacksonville Beaches submarket demonstrates particularly strong fundamentals, with current occupancy rates averaging 94 percent. This limited supply pipeline, combined with the area's high-barrier-to-entry coastal location, positions the market for sustained rental demand and appreciation.

JLL Capital Market's Debt Advisory team was led by Senior Managing Director Mark West.

"It is exciting to see the culmination of our work over the past few years, from acquisition to entitlement, design and now start of construction, because we know the positive impact this development will have on the region," said Dave Stahl, Director of Capital Markets and Acquisitions at Trevato. "And while this is a great opportunity for us, Trevato remains committed to our Texas roots, where we are actively pursuing opportunities to bring similar high-quality projects back home to Dallas. We see tremendous potential in both markets and look forward to expanding our portfolio across the Southeast and Texas in the coming years.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Trevato Development Group is a privately held real estate investment and development company headquartered in Jacksonville Beach, Florida. Founded in 2016, the company specializes in development and acquisitions of mixed-use, multifamily, retail, office and hospitality assets that create long-term value for investors and the communities they serve. To learn more, visit trevatogroup.com.