Plans have been revived for a community of 614 single family homes near Six Mile Creek, about 10 miles west of St. Augustine.
GreenPointe Communities, the development division of Jacksonville’s GreenPointe Holdings LLC, is preparing to build lots for a 622-acre master-planned community, to be called Whisper Creek. The project is on the west side of Pacetti Road, north of County Road 208 in St. Johns County.
Plans show the project will proceed in phases, with 129 lots in the first phase.
It’s a venture GreenPointe should be familiar with.
Members of the company’s management team in 2006 formerly pursued the project — then called South Tract, for its location south of World Golf Village — as employees of Landmar Group LLC.
Landmar folded in 2009 when its parent company, Crescent Resources of Charlotte, N.C., entered Chapter 11 bankruptcy protection.
Former Landmar executives Margaret Jennessee, Ed Burr, Roger Postletwaite and Grady Miars serve as top executives for GreenPointe. Founded in 2008, GreenPointe Holdings has been picking up distressed developments in Florida for several years.
St. Johns County’s assessed value for the Whisper Creek property is $198,370. It last sold in April 2009 to the Six Mile Creek Community Development District for $8.32 million.
Green Pointe Communities did not return calls asking for comment.
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