by: Monty Zickuhr | Managing Editor, Jax Daily Record
Eastland, the master developer for Bartram Park in South Jacksonville, said Jan. 3 it sold 38.93 acres at Bartram Commons to Block One Ventures for $33 million.
The property is near Interstate 95 and Florida 9B on the north side of Race Track Road.
Bobby Gatling with Walker & Dunlop represented Eastland.
Block One Ventures, an affiliate of Trevato Development Group, plans to develop the property in three projects totaling 1,069 multifamily units.
Block One anticipates construction will start in the third quarter of 2022.
Eastland said the 82.20-acre Bartram Commons is the last large parcel in the 6,000-acre Bartram Park master-planned community to begin development.
Eastland said Bartram Commons also includes 11 commercial outparcels for ground lease. Construction to widen Race Track Road to four lanes near Bartram Commons will begin this year.
Atlanta-based Dynamik Design is the architectural firm. Jacksonville-based England, Thims & Miller Inc. is the civil engineer.
Block One said its development will be its eighth, ninth and 10th projects in Northeast Florida.
Previous projects include Courtney Meadows at Town Center, Soleil and Seaglass in Ponte Vedra Beach, The Point at Town Center, The Reserve at Nocatee, Argyle Lake at Oakleaf and The Station at San Marco, which is in the early phases of construction.
Founded in 2015, Block One Ventures said it is a commercial real estate company with expertise in identifying quality real estate opportunities focused on building multifamily developments “in the path of growth.”
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