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The estimated $53.6 million project from Corner Lot combines multifamily and commercial space.
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BTI Partners has already acquired 4,600 acres in Clay and St. Johns counties, but the company sees even more potential in "the hidden gem" of Jacksonville.
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The developer, BTI Partners, is the same company planning 4,000 homes in Clay County.
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The 3,300-acre project at Governors Park will include homes, apartments, retail, light industrial space and more.
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Fansler Construction has broken ground on its inaugural project, The Note, a 290-unit apartment community on Hyatt Road off Max Leggett Parkway.
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Clay County leaders are eyeing major tourism improvements that could include everything from a huge waterfront shopping district to a major convention center and parks.
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The central city has "a clear path" to 10,000 residential units and 16,500 residents, a new report concludes.
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The company received rezoning for a $73 million project at 12921 Duval Road, north of Interstate 295 and west of I-95.
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Fidelity National Information Services seeks the addition next to its new headquarters building along Riverside Avenue.
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Residents are concerned about rezoning their area from residential to commercial. They say they moved there to escape noise and congestion.