Trevato Development Group announced Oct. 8 it plans to transform the former Dolphin Depot site in Jacksonville Beach into a mixed-use development with 180 parking spaces.
Trevato said it purchased the property for $8.5 million.
The 1.36-ace vacant property is at 704 First St. N. is between Sixth and Seventh avenues. It is across from the Margaritaville Beach Hotel.
A news release said the property will be “pedestrian friendly.”
The seller, Dolphin Depot LLC, managed by Joseph Eckstein, purchased the property in 2014 for $1.89 million.
The project will be Trevato’s fifth in the area.
It is developing a mixed-use project at the Adventure Landing site in Jacksonville Beach, an apartment project in San Pablo and a mixed-use project in San Marco.
It is developing another project at 502 First St. N. near the Dolphin Depot property that will include a restaurant with rooftop seating, operated by a new-to-the-market restaurant group.
“Trevato is dedicated to investing in its community,” Steve Diebenow, attorney for Trevato Development Group, said in the release.
“This project, like all of their initiatives, is driven by a passion for placemaking in dynamic neighborhoods.”