Two home building companies have acquired more than 100 acres each in south Jacksonville.
Toll Brothers bought 113 acres for $4.9 million, and David Weekley Homes bought 111 acres for $6 million.
Eastland Timber LLC sold both tracts of land, which are located in an undeveloped area called E-Town.
David Weekley Homes, the first builder to buy land in E-Town, plans to construct a gated community with 143 houses there, according to Keith Donnelly, the company’s land acquisition manager.
Donnelly also told the Jacksonville Daily Record that David Weekley Homes is planning the gated residential community in E-Town in a joint venture ICI Homes.
He said David Weekley Homes will have model houses under construction at E-Town by the end of 2018.
Roger O’Steen of The PARC Group, who is developing E-Town, said Toll Brothers also plans to build houses there. A spokesman for Toll Brothers had no comment.
O’Steen also told the Jacksonville Daily Record that restaurants, retail stores, walking paths and parks are part of a master plan of development for E-Town. [Jacksonville Daily Record] – Mike Seemuth