Seagate Development Group and Barron Collier Companies acquired the land, which had been divided into 19 parcels and sold as one, for $6 million on Dec. 30.  

The land has an address of 14780 on the north side of Bonita Beach Road, east of I-75 and Bonita Grande Drive.   The development is expected to be about a quarter of a square mile in size.

According to Matt Price, the chief executive officer of Seagate, the community may consist of a mixture of multifamily apartments and single-family houses.