Trevato Development Group anticipates redeveloping the Jacksonville Beach Adventure Landing property into an 427-unit, full-service, market-rate, apartment project.
The Jacksonville Beach investment group presented plans for the project June 28 to a Jacksonville Beach City Council workshop.
The project is an estimated $80 million, attorney Steve Diebenow of Driver, McAfee, Hawthorne & Diebenow said after the meeting.
Called Beach Boulevard Multifamily, the plans show four three-story buildings with 8,000 square feet of leasing, club and fitness space.
The units will average 850 square feet of heated area.
Parking plans call for 854 spaces comprising a four-level, 400-space parking garage and 454 surface parking spaces.
“The goal is to have something that is fresh and modern," Diebenow said.
The 53.8-acre site includes the 22.2-acre property where Adventure Landing has operated for 26 years at 1944 Beach Blvd. The park has been told to close by Oct. 31 in a U.S. Bankruptcy Court filing.
The housing will be clustered among about 15 acres along Beach Boulevard, which preserves property behind it, keeping the project out of the Coastal High Hazard Area.
Plans show the four multifamily buildings as a 177-unit and a 90-structure, each with an amenity courtyard; a 78-unit building; and an 82-unit building with the ground-floor leasing, club and fitness center on the ground floor and an outdoor pool.
The parking garage is behind those buildings.
There are two ponds and conservation easements that total almost 38.9 acres.
Dynamik Design is the architect, England-Thims & Miller Inc. is the civil engineer and the Driver, McAfee, Hawthorne & Diebenow firm is the legal representative.
Plans show the property will need to be rezoned as a new Planned Unit Development. Current zoning is community commercial, residential high density, residential low density, recreational/open space and wetlands.
Trevato Development Group, managed by investor Len Allen, bought the property Feb. 24 through JB Fair Park MF LLC.
State corporate records show that Trevato is based in Jacksonville with a mailing address in Jacksonville Beach.
Trevato’s website says it is a privately held real estate investment and development company, with a goal to “produce high quality projects, importing features from successful comparables in larger up-and-coming Cities.”
Projects include: “A class A multi-family beaches area site redevelopment/repurpose designed to attract tenants with the highest disposable incomes market wide.”
Allen signed as the landlord of the Beach Boulevard property on the lease agreement with Adventure Landing, which was included in a filing with the U.S. Bankruptcy Court for the Middle District of Florida.
The operator of the Adventure Landing entertainment parks, NRP Lease Holdings LLC, filed for Chapter 11 reorganization in December 2019.
NRP operated 13 parks in Florida, North Carolina, New York, Kansas, Ohio, Texas and Missouri. The Westside park closed June 27, while the others are open.
Adventure Landing leases the properties for its parks but does not own them.
Orlando-based National Retail Properties Inc. owned the properties for the parks, but it sold the Jacksonville Beach property to JB Fair Park MF LLC and it sold the Westside park property for use as a parking lot by a nearby Amazon.com delivery station.
JB Fair reached a new lease agreement for the Jacksonville Beach park with Adventure Landing but the lease gave the property owner the right to terminate the lease with 60 days notice.
U.S. Bankruptcy Judge Jerry Funk approved an agreement two weeks ago that allows Adventure Landing to continue operating the Jacksonville Beach site until Oct. 31 and remove personal property from the site by Feb. 28, 2022.
The Jacksonville Beach park was the first Adventure Landing to open, in 1995. The Blanding park in West Jacksonville has been open since at least 1997.
“Adventure Landing, for its part, desires to operate the Beach Boulevard Property for as long as possible to generate revenues and accumulate the funds necessary to remove the waterslides, roller coasters, batting cages and other movable amenities from the premises for subsequent relocation or sale,” the court filing said.
Hank and Susan Woodburn own NRP, according to bankruptcy court filings.
Hank Woodburn said June 22 the Jacksonville Beach park will “probably (close), but we’re not sure yet.”
He said he is looking at options to move the park to another location.
Woodburn said he expects to continue operating the remaining parks.
“Everyone has a great deal of nostalgia about Adventure Landing,” Diebenow said.
