Developers of the Nocatee and eTown residential and commercial communities in Duval and St. Johns counties have turned to Clay County for a large project.
WJCT News partner the Jacksonville Daily Record reports the Davis family and The PARC Group intend to develop more than 3,000 acres in Green Cove Springs west of U.S. 17 and north and south of the First Coast Expressway under construction.
They intend to develop a master-planned community with about 4,000 homes and a mix of retail and offices.
Through GCSD LLC and GSCE LLC and other entities, the Davises bought the land from sellers affiliated with Gustafson’s Family Enterprises Inc.
The buyers paid at least $13.3 million for the bulk of the property, deeds show, including almost $12.7 million for about 2,700 acres.
“Nocatee has been recognized as one of the best-selling communities in America, and we look forward to working with The PARC Group in Clay County on this community,” said Jed Davis, president and CEO of DDI Inc., the family-owned entity involved in the property purchase.
A news release posted to The PARC Group’s Facebook page said the timing for development will be tied to completion in Clay County of the First Coast Expressway, so no development is expected for several years.
An expanded version of this story that includes maps of the development area and additional details is at JaxDailyRecord.com.