Fort Lauderdale-based BTI Partners announced has bought the 3,300-acre Governors Park property in Clay County and intends to develop 4,000 homes there along with apartments, commercial and industrial space, hotel rooms and a golf course.
Governors Park is west of U.S. 17 and north and south of the First Coast Expressway. It is the former Gustafson family ranch property that was owned by the Davis family and The PARC Group.
BTI said it plans 4,000 single-family homes and 2,000 multifamily units for the site in Green Cove Springs.
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