Gated community planned for Mandarin

15 09 2006

Coin Development III purchased 14 acres on Hidden Stagecoach in August from Scott Mill Road LLC of Jacksonville to develop The Paddocks, a 36-lot residential community in Mandarin.

Jack Davis, a partner and managing member of Coin Development, said the site will cost about $6 million to develop.

The street lights and curbing are already in, Davis said, and when the lots are ready to put on the market within 30 days they will sell for $210,000 to $275,000. Davis said he expects to sell out by November.

Source: Jacksonville Business Journal


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