Historic City News learned that Double Eagle Development will begin work on a 418-unit, single-family community in St. Johns County this week, following a ceremonial groundbreaking Friday, December 5th; according to Jacksonville Business Journal.
In a report filed by Andrew Thurlow, the community, Treaty Oaks, will be a 165-acre development a mile east of I-95 on SR-207, about 10 minutes to downtown St. Augustine.
The community, which is being built by WG Pitts Company, will surround the St. Johns County Treaty Oaks Park. The project is being funded by STI Funding.
The first phase of the project will consist of 142 lots along with the construction of a community amenity center that will feature a junior Olympic-sized pool, a fitness center, a playground and a community room.
Victor Narusas, managing member of Double Eagle Development, said construction for the development will cost more than $15 million and be complete within three to four years.
Narusas said the first lots will be delivered to the homebuilders by June, and home prices will start in the mid-$200,000’s.
Part of the project includes building a 4,000-foot collector road between Route 207 and Wildwood Drive. The new road will help alleviate some of the traffic from Route 207, something the county has been requesting for a while.