Governors Park development to include 6,000 homes, retail, light industrial space

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Florida Construction News staff writer

Fort Lauderdale-based BTI Partners says it has purchased the 3,300-acre Governors Park property in Clay County for residential, commercial and hotel development.

Governors Park is the former Gustafson family ranch property that was owned by the Davis family and The PARC Group.

BTI plans to build 4,000 single-family homes and 2,000 multifamily units, along with 840,000 square feet of commercial/retail space, 700,000 square feet of office space, 400 hotel rooms, 2 million square feet of light industrial space and an 18-hole golf course.

“Our next step is to put the infrastructure in place and partner with home builders who will be looking to grow their housing inventory south of Jacksonville in the next two to four years,” BTI Partners CEO Noah Breakstone said in a news release.

It is expected to take two to four years to prepare the property for infrastructure to begin vertical construction.

“This transaction highlights BTI Partners’ strategy of acquiring large tracts of land to develop mixed-use communities in Florida’s high-growth markets,” Breakstone said.

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