The Braddock family sold almost 2,300 acres at Braddock and Lem Turner roads in Northwest Jacksonville to a Tampa residential developer for $18 million.
Eisenhower Property Group of Tampa bought the property Dec. 15.
Jacksonville-based Skinner Bros. Realty brokered the deal that was nearly three years in the making, according to company Vice President Chet Skinner.
The Braddock family had agreed to sell, but pandemic-related delays as well as permitting, researching mineral rights, zoning and sale and other documentation postponed the sale.
“If the sale was made at the beginning of 2020, it wouldn’t have taken as long,” Skinner said.
In a separate land sale, closing Dec. 15, Corner Lot Development Group, through CLDG Land V LLC, sold 154 acres to the Eisenhower Property Group for $2,149,230. That property was approved for residential development in a 2006 PUD.
Representatives from Eisenhower Property Group could not be reached for comment. A Braddock family spokesperson declined comment.
Eisenhower Property Group was formed in 2004 and has more than 17,000 residential housing units under development throughout Florida, according to bldup.com. The company is owned by Jeffery Hills.
Eisenhower's plans for the property are mainly residential, but there is a commercial component to it, Skinner said.
The Jacksonville City Council rezoned property in the area through Ordinance 2023-0658 to a Planned Unit Development on Nov. 14.
The PUD, located west of Jacksonville International Airport, was approved for mixed-use with up to 2,350 dwelling units and 700,000 square feet of commercial uses. The commercial will generally be near the intersection of Braddock and Lem Turner roads.
The bill requires the developer to conduct a traffic study at the intersection of Braddock and Lem Turner roads.
If the Florida Department of Transportation determines traffic lights are needed, the developer must post a bond, and if after one year the proposed lights are not installed, no building permits will be issued until they are.
The zoning also prohibits any multifamily uses south of Braddock Road and west of Lem Turner Road.
Any new nonresidential uses will have to provide an appropriate buffer and visual screen between any existing residential uses. That will include either a minimum 50-foot buffer and wall or a minimum 100-foot buffer and landscaping to achieve the visual screen.
This story has been updated from the original