Preliminary development of \u00a0the Agricola property in Clay County into a master-planned community is advancing.<\/p>\n
The St. Johns River Water Management District began reviewing an environmental resource permit application for the project\u2019s master plan Dec. 9.<\/p>\n
Clay County approved a rezoning request for the project Oct. 24 and is reviewing conceptual and stormwater management plans.<\/p>\n
Sited in Green Cove Springs off U.S. 17, the project would convert 3,145 acres of agricultural-zoned land into 4,000 residential units, featuring a mix of 2,170 single-family homes, 370 townhomes and 1,460 multifamily units.<\/p>\n
Developer Fort Lauderdale-based \u00a0BTI Partners said the project would include \u00a0schools and trails.<\/p>\n
By comparison, the Nocatee community in St. Johns County is 14,000 acres. The Wildlight community in Nassau County is 24,000 acres.<\/p>\n
BTI Partners bought 3,200 acres in Clay County for the development for $93 million Aug. 15. It bought six parcels through Bellamy Property Holdings LLC.\u00a0<\/p>\n
The seller was the Agricola family\u2019s Fernandina Beach-based Shield Properties, through Sandricourt Farms LLC.\u00a0<\/p>\n
The Agricola family owns 30,000 acres of timberland forests across Florida, according to Clay Today.<\/p>\n
BTI Partners is also developing Laurelton, formerly known as Governors Park, in Clay County, which will add another 3,300 homes to the county just north of \u00a0the Agricola property.<\/p>\n
BTI advanced plans for the first phase of Laurelton in June 2024 when it applied for a permit. It acquired the land for the community in 2022 for $85 million.\u00a0<\/p>\n
\u201cClay County is currently experiencing significant growth, but new development needs to be consistent with the long-term vision of its stakeholders,\u201d BTI Chief Investment Officer Justin Onorato said in a news release.<\/p>\n
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