Newspaper article The Florida Times Union

Community in Works near Mayo Clinic

Newspaper article The Florida Times Union

Community in Works near Mayo Clinic

Article excerpt

Byline: Karen Brune Mathis, Times-Union senior business writer

The PARC Group, whose myriad developments include the proposed 15,000-acre Nocatee project, is negotiating with the city toward a 400-acre community called Valencia Village.

Valencia is planned south of Butler Boulevard and west of San Pablo Road, on the south and west of the AHL building, not far from Mayo Clinic Jacksonville.

Jacksonville-based PARC is working out a 10-year development agreement with the city for 350 homes, 200 multi-family units, 100,000 square feet of commercial space and 237,000 square feet of office space.

PARC Chairman Roger O'Steen said that the single-family portion will include 150 estate lots that probably will be developed in a gated community.

O'Steen estimates that the condos or townhouses probably would be priced $200,000 to $400,000, while homes in the village area probably would be $225,000 to $750,000. The estate homes, on acre-size lots, could start at $750,000 and top out at "well over a million," he said.

PARC proposes to develop the project on land owned by Estuary Corp. and D.D.I. Inc., both part of the Davis family of Winn-Dixie Stores Inc. fame. The Davises own a lot of land in that area, including the Nocatee property.

A preliminary site plan filed with the Jacksonville Planning and Development Department Concurrency Management System Office for Valencia Village shows single-family lots and a "Main Street" district on the land, along with a lake, wetlands and buffers.

The concurrency office determined that there was insufficient traffic capacity on a traffic link at the site, triggering negotiation of a fair-share assessment if PARC wants to proceed with the project.

PARC applied for a conditional concurrency review in July. The application shows that PARC wants to develop about 405. …

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