Jacksonville, FL — This week, Corner Lot announced the sale of approximately 1,200 acres in Northwest Jacksonville to the State of Florida through the Board of Trustees of the Internal Improvement Trust Fund. The property, now part of the Northeast Florida Timberlands and Watershed Reserve, will support ongoing conservation and land preservation efforts by the state.
While recent reports have focused primarily on the financial transaction, Corner Lot believes it’s important to provide additional context about the long-term intention and collaborative nature of this sale.
“We’ve always believed that great development includes the responsible stewardship of land,” said Andy Allen, CEO of Corner Lot. “When the opportunity arose to support the State of Florida’s conservation goals with this site, we were proud to work alongside them to make it happen.”
Corner Lot initially acquired the property in 2022 and invested significantly in planning, infrastructure studies, and due diligence. While the land was originally considered for a large-scale mixed-use development, the company saw a greater long-term value in aligning with the state’s conservation vision.
“Our team took on the early risk, costs, and complexity that come with large-scale land acquisitions,” said Lee Hutchins, Executive Vice President of Land at Corner Lot. “We’re pleased the state can now carry the vision forward in a way that benefits the broader Northeast Florida region.”
Corner Lot continues to own land in the surrounding area and is moving forward with a thoughtfully scaled residential development nearby, designed to complement the natural landscape and preserve the integrity of the region.
This strategic approach reflects Corner Lot’s ongoing commitment to balancing smart growth, environmental stewardship, and community enhancement throughout Northeast Florida.
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About Corner Lot Development
Corner Lot is a Jacksonville-based real estate development firm specializing in residential, commercial, and mixed-use communities. With a focus on purposeful planning and partnerships, Corner Lot is committed to creating spaces that elevate how people live, work, and connect across the Southeast. Learn more at: www.cornerlotdevelopment.com