Lead Photo: Naples regional distribution center sells for $45.37 million. Details below.

RESIDENTIAL

UPWARD TREND CONTINUES IN NAPLES REAL ESTATE MARKET

The Naples real estate market continues to see an upward trend in both showings and closed sales, according to the November 2020 market report released by the Naples Area Board of Realtors (NABOR), which tracks home listings and sales within Collier County, excluding Marco Island. In November 2020, there were 36,508 showings, which represents a 43% increase over the same period in 2019. Closed sales for the overall market increased by 58.8% to 1,126 closed sales in November 2020, up from 709 closed sales in November 2019. The sustained market demand is placing pressure on real estate pricing, with notable increases in median and average closed prices of homes when comparing month-over-month statistics. At $669,409, the year-to-date average closed sales price in November 2020 reflects a more accurate and modest growth with a 12.7% increase over November 2019 year-to-date average closed sales price of $594,065. For the full November 2020 Market Report, go to NaplesArea.com.

STOCK CUSTOM HOMES TO BEGIN BUILDING IN THE LAKE CLUB 

Stock Custom Homes, the luxury homebuilding division of Stock Development, will soon begin building custom estates in Lakewood Ranch’s village, The Lake Club. With two custom homes to start, this is only the beginning of Stock Custom’s expansion into Lakewood Ranch. Stock Development has been building in the region since 2016. The first estate under construction is located at 8023 Bowspirit Way and will be based on the Savannah III floorplan. It will encompass 4,616 square feet under air and offer an additional 1,650 square feet of outdoor living. The design team includes Soco Interiors and R.G. Designs Inc. Located at 16415 Clearlake Avenue and based on the Atherton floorplan, the second property will be 4,521 square feet under air, and 1,451 square feet of additional outdoor living. Clive Daniel Homes and South Florida Architecture are collaborating on the design.

DANIEL WAYNE HOMES INC. BUILDING NEW SPEC HOME IN HORSE CREEK

Daniel Wayne Homes Inc. has broken ground on a new spec home in Horse Creek. The home layout will follow the new Palm Beach floorplan, which offers four designs for homebuyers to choose from, as well as opportunities for customization. The residence is planned for completion in summer 2021. Daniel Wayne Homes offers four unique, flexible Palm Beach floor plans. Among the plans are a “mega” layout offering the most open space, and a “multigenerational” design with a mother-in-law suite, a three-bedroom with en suite, and a four-bedroom, three-bath layout. The spec home will be built on more than an acre of land.

NCH BUYS NAPLES DAILY NEWS HEADQUARTERS IN NORTH NAPLES

NORTH FORT MYERS PROPERTY PURCHASED FOR $3.1 MILLION

The property at 8391 Littleton Rd, North Fort Myers, sold to BA Acquisitions LLC for $3.1 million from Shawley McKissick Partnership. Gary Tasman and Shawn Stoneburner of Cushman & Wakefield | Commercial Property Southwest Florida (www.cpswfl.com) handled the seller and buyer in negotiating the transaction.

INDUSTRIAL BUILDINGS BOUGHT FOR $3.1 MILLION

BA Acquisitions LLC has purchased the six 9,600 square feet industrial buildings at 8391 Littleton Road, North Fort Myers, from Shawley McKissick Partnership for $3.1 million. Gary Tasman, CEO and principal broker, and Shawn Stoneburner, senior director and broker of Cushman and Wakefield | Commercial Property Southwest Florida LLC handled the seller and buyer in negotiating the transaction.

NAPLES COMMERCIAL BUILDINGS SELL FOR $2.6 MILLION

McAley Associates LTD. purchased 26,764 square feet of three commercial buildings from Ozinus Westview LLC located at 3427 Westview Drive, Naples, for $2.6 million. Christine McManus, CCIM, SIOR of Investment Properties Corp. of Naples (https://ipcnaples.com/) negotiated this transaction.

NAPLES ACRES ACQUIRED FOR $1.75 MILLION

Tamiami Habitat LLC purchased 7.34 acres at the southeast corner of Habitat Road and Tamiami Trail East in East Naples for $1.75 million. Andrew Saluan of AJS Realty Group represented the buyer.

FORT MYERS COMMERCIAL PROPERTY SELLS FOR $1.06 MILLION 

LSI Companies Inc. brokered an approximately 1.87-acre commercial property for $1.06 million. The site was purchased by Launch Summer Ridge LLC from AB Pine Ridge LLC. The property is located Summerlin Road at Summer Ridge Land, Fort Myers. The deal was brokered by Justin Thibaut, CCIM of LSI Companies Inc.

NORTH NAPLES ACRES SELL FOR $873,000

Livingston Veterans Commercial LLC purchased 2.4 acres of land near the southeast corner of Livingston Road and Veterans Parkway in North Naples for $873,000. Andrew Saluan of AJS Realty Group represented the buyer.

FORT MYERS ACRES PURCHASED FOR $800,000

Island Park Land Holdings LLC purchased 9.7 acres at 16700 S. Tamiami Trail in Fort Myers for $800,000. Andrew Saluan of AJS Realty Group represented the buyer.

NAPLES OFFICE SPACE ACQUIRED FOR $675,000

599 9^th Street 203 LLC purchased 2,044 square feet of office space from J. Robert Grossenbacher and B. Lynette Grossenbacher, located at 599 Ninth Street N., Suite 206 & 207, Naples, for $675,000. Clint Sherwood, CCIM and David Stevens, CCIM of Investment Properties Corp. represented the seller and Jane Starling of William Raveis represented the buyer.

NEW DEVELOPMENT ON THE WAY FOR PINE ISLAND ROAD

7-ELEVEN INITIATES REDEVELOPMENT PROJECTS IN NAPLES AREA

A nearly 35-year-old gas station in North Naples has closed ahead of a renovation project that will convert the longtime Mobil station into a 7-Eleven convenience store and station. The fenced-off gas station and car wash are slated for demolition soon in Bed Bath & Beyond Plaza on the northwest corner of Airport-Pulling and Pine Ridge roads. Dallas-based 7-Eleven also recently demolished its Berkshire Commons location on Santa Barbara Boulevard in East Naples and is building a new, larger convenience store and gas station.

DISPLACED BECAUSE OF REDEVELOPMENT, BELLINI RESTAURANT REOPENS IN NAPLES

O’MEI CHINESE RESTAURANT CLOSES IN NORTH NAPLES BUT PLANS TO RELOCATE

SEAGATE DEVELOPMENT GROUP TO EXPAND EMCYTE CORP. HEADQUARTERS

Seagate Development Group is breaking ground on the final phase of EmCyte Corp.’s headquarters, located at 4331 Veronica S. Shoemaker Blvd. in Fort Myers. The $2.2-million project will include an additional 13,000 square feet of warehouse space and a 2,000-square-foot office facility. Crews will also renovate a 5,000-square-foot manufacturing area. Seagate will begin clearing the site for additional parking and travel lanes for deliveries. Additionally, an enclosed corridor will make for a covered pathway that connects the new and current facilities. Overall, this project involves moving the current warehouse to a new building and expanding the pre-existing manufacturing space. The new contract comes just three months after Seagate completed 30,000 square feet of EmCyte’s headquarters. The final phase is slated for completion in June 2021.

SHADOW WOOD COUNTRY CLUB COMPLETES PRESERVE COURSE

The November opening of Shadow Wood Country Club’s newly redesigned Preserve Course marks the culmination of the club’s extensive four-year, three-course renovation plan that began in 2017 under the direction of golf course architect Rees Jones. Jones and senior designer Bryce Swanson developed the course renovation plans that included completely rebuilding greens, revising and dramatically recontouring surfaces for interesting and challenging hole locations, reimagining greenside bunkers to improve playability and strategy, creating chipping areas adjacent to most greens for a variety of shot options, relocating fairway bunkers built to allow for manageable recovery shots, and rebuilding rock walls adjacent to ponds and adding view-enhancing bulkheads to several holes. For more information, visit shadowwoodcc.com. 

FL Star, a conglomerate of real estate entities, has added Rolando Quesada to the position of construction manager for the company’s properties in Golden Gate Estates and Sapphire Cove. Quesada most recently served as construction manager for Lennar Homes in Fort Myers, overseeing the construction process of more than 300 homes from ground development through closing. His previous experience includes serving as quality control manager for Elite Electrical Contractors in Fort Myers and as project area supervisor for National Electrical Cuba Enterprise in Havana, Cuba. Quesada received his degree in electrical engineering from ISPJAE University in Havana and graduated from Hodges University’s English as a second language program.