The Skinner family is selling land at its 1,000-acre southeast Butler Boulevard and I-295 holdings to start a residential, office, retail and commercial community.
09:16 AM EST Share ICI Homes and David Weekley Homes will buy 550 acres in phases to develop 1,600 homes and commercial space.
The same day that ICI Homes and David Weekley Homes announced they will purchase 550 acres of Skinner land, a New York-based credit firm paid $11.8 million to buy property from the family for residential development.
The closing represents the first phase of the contracted purchase of the 550 acres, according to one of the sellers, Edward Skinner Jones. He referred other questions to the buyers.
Sawmill Timber LLC, comprising members of the Skinner family, sold property in the Southeast Quadrant on Dec 23 to DRP FL 2 LLC, which is DW Partners. The deed was recorded Jan. 5 with the Duval County Clerk of Courts.