This Week in Real Estate: Jan. 7-13

Lead Photo: Seagate and Barron Collier Companies partner to develop Bonita Springs land.

 

RESIDENTIAL

 

SEAGATE TO DEVELOP 175 ACRES OF LAND WITH BARRON COLLIER COS.

Seagate Development Group is partnering with Barron Collier Cos. on one of the largest pieces of undeveloped land in Bonita Springs. Having recently closed on this 175-acre property at 14780 Bonita Beach Road SE, they will take it through entitlements for a residential neighborhood. The completed community will offer lake and preserve views for all residents as well as opportunities for passive recreation and easy access to stores, restaurants and I-75. Seagate and Barron Collier Companies have been partnering on successful residential and commercial projects for many years. These include Hill Tide Estates in Boca Grande; CubeSmart self-storage facilities in Ave Maria, Estero and Fort Myers; and Eastlinks Business Park in the Gateway area of Fort Myers. For more information and updates, visit SeagateDevelopmentGroup.com.

 

Development plans are underway for midtown Fort Myers.

KRISE COMMERCIAL GROUP ANNOUNCES PLANS FOR MIDTOWN FORT MYERS DEVELOPMENT

Randy Krise, the owner/broker of Krise Commercial Group, and his partner Bahram Khoobehi, have announced plans to develop 5.42 acres in midtown Fort Myers. The property is located between Central Avenue, Market Street and Fowler Street. Inspired by the Midtown Fort Myers Integrated Redevelopment Plan Vision, their project, ALDEA, is one of the first planned for Midtown and is expected to transform the landscape of the surrounding area. ALDEA will occupy an entire city block while still maintaining an intimate urban lifestyle experience with two separate residential buildings that look inward to multi-functional courtyard spaces. The development will include 300 rentable multifamily units with a mix of studios, one and two bedrooms, several of which offer additional dens. ALDEA, estimated to cost nearly $65 million, is expected to break ground in fall 2022. The team working with Krise and Khoobehi Krise includes Dean Martin with TDM Consulting; Ron Reitz, and Cathy Roche with Studio for Architecture Inc., and DeAngelis Diamond as the construction manager. The owners will be applying for tax increment financing (TIF) grants through the Fort Myers Community Redevelopment Agency. 

 

$5.45 MILLION SALE BREAKS RECORDS IN VIZCAYA

A 3,605-square-foot, four-bedroom, three-bath detached villa at 8057 Via Vecchia within Vizcaya at Bay Colony recently closed for $5.45 million. The sale is both the highest residential sale price per square foot and the highest sale price to date in the neighborhood of 58 detached villas, according to John R. Wood Properties. The property, represented by top producer and Bay Colony resident Florean Mader, was sold privately and closed for 99% of the list price.

 

GRAND OPENING FOR EDGEWATER HOMES THIS WEEKEND

A celebratory grand opening showcase will feature a trio of model homes at Edgewater – including a Lee Building Industry Association award-winning model – at Pulte Homes’ newest lakefront neighborhood within Babcock Ranch from 10 a.m. to 6 p.m. this Saturday and Sunday, Jan. 16-17. The event includes exclusive giveaways and raffles. Throughout the grand opening, the Edgewater sales team will guide tours of the model homes and highlight the amenities currently underway for the new neighborhood of 166 single-family lake- and preserve-view homes. For more information, visit EdgewaterBabcock.com.

 

COMMERCIAL

 

NAPLES COMMERCIAL SPACE SELLS FOR $6.05 MILLION

Sixth Avenue North Holdings LLC purchased approximately 1.15 acres of commercial retail/office space from Stella Maris LLC, located at 616 and 630 Ninth Street N., Naples, for $6.05 million. Rob E. Carroll, CCIM of Investment Properties Corp. negotiated this transaction for the buyer. Todd Sabin of SVN Kova Naples negotiated this transaction for the seller.

 

CAPE CORAL BUILDING SELLS FOR $5.25 MILLION

Royal Palm Coast Holdings Inc. sold an approximately 55,499-square-foot building located at 2503 Del Prado Blvd S., Cape Coral, for $5.25 million. Michael J. Frye, CCIM with Frye Commercial Group at RE/MAX Realty Group, Commercial Division brokered this transaction and the property management team of Rachael Guertin and Cindy Stratton.

 

NORTH FORT MYERS PROPERTY PURCHASED FOR $2.35 MILLION

Inge & Associates Inc. purchased 7700 & 7750 Bayshore Rd., North Fort Myers, for $2.35 million from Zuberbuhler Trust. Gary Tasman and Lane Boy of Cushman & Wakefield | Commercial Property Southwest Florida represented the seller in negotiating the transaction.

 

20 FORT MYERS ACRES ACQUIRED FOR $1.745 MILLION

Seagate Development Group purchased the 20-acre vacant land located on the corner of Three Oaks Parkway and Oriole Road in Fort Myers from William Scotsman Inc. for $1.745 million. Gary Tasman and Shawn Stoneburner of Cushman and Wakefield | Commercial Property Southwest Florida LLC represented the seller in negotiating the transaction.

NAPLES COMMERCIAL LAND SELLS FOR $1.1 MILLION

Jump Start of Naples LLC purchased approximately 1.08 acres of commercial land known as Collier Park of Commerce Retail Center Tract 2 from CPOC Development Co. LLC, located at 1010 Airport-Pulling Road N., Naples, for $1.1 million. Rob E. Carroll, CCIM of Investment Properties Corp. negotiated this transaction for the buyer. Tony Mangione of Trinity Commercial Group negotiated this transaction for the seller.

3.29 NAPLES ACRES ACQUIRED FOR $1 MILLION

Exotic Motor Sports purchased 3.29 acres at 1062 Airport Road S., Naples, from Rock Creek Holdings LLC for $1 million. Dave Wallace, CCIM, SIOR and David Wallace of CRE Consultants negotiated the transaction.

 

NAPLES OFFICE SPACE SELLS FOR $1.04 MILLION

Executive Group Naples LLC purchased 3,199 square feet of office space from 2390 Chamber Building LLC, located at 2390 Tamiami Trail N., Suite 100, Naples, for $1.04 million. Clint L. Sherwood, CCIM of Investment Properties Corp. negotiated this transaction.

 

NEW MINIATURE GOLF PROJECT PLANNED IN NORTH NAPLES

Rising from the ground soon off Immokalee Road will be Volcano Mountain Adventure Golf, an 18-hole miniature golf project planned to open this summer between The Warehouse restaurant and Goodwill store. The new local venue will be behind the Taco Bell drive-thru and Brickyard car wash in the Cameron Commons retail center on the northeastern corner of Immokalee Road and Collier Boulevard. The proposed Volcano Mountain will include an 18,000-square-foot miniature golf course with lush tropical landscaping and waterfalls, a shade structure and an associated 514-square-foot building for offices and restrooms. The new family-friendly venue is being built by the same Forgèt family who has owned and operated The Warehouse Cuisine and Cocktails next door since May 2017. Robert Forgèt and V & T Land LLC, which owns The Warehouse property, purchased the 1-acre vacant commercial lot last May for $1 million, Collier County records show. Volcano Mountain is expected to break ground this month, said Kevin Forgèt, general manager of The Warehouse.

 

FORMER DEL’S STORE SET TO BE DEMOLISHED SOON AFTER PURCHASE BY COLLIER COUNTY

The former Del’s 24 Hour Store and an adjacent warehouse will be demolished soon, most likely in February, said Debrah Forester, director of Collier County’s Community Redevelopment Agency. Collier County purchased the East Naples property in November for $2,118,000 from Theresa Ackerman, the widow of Del Ackerman, who owned and operated the local convenience store for more than 55 years. Ackerman died in August 2019 at the age of 83 and his landmark store closed a year later after operating around the clock since 1963. The recent sale included three small parcels totaling 1.84 acres on what is known as Del’s Corner, the southeast corner of Thomasson and Bayshore drives. While the 3,600-square-foot retail store and the 3,920-square-foot wholesale warehouse at 2808 Thomasson Drive will be razed soon, the small building behind them associated with a boat brokerage business at 4825 Bayshore Drive will remain, Forester said. Henry Lowe, who operated Lowe’s Marine Sales there, relocated his business to 2382 Linwood Way in East Naples. Del’s Used Tires shop, which had leased the warehouse from Ackerman, will relocate its business nearby to 4000 Bayshore Drive during the weekend of Jan. 16. The county will provide an opportunity for community feedback for future use proposals of the vacated property, which will be rezoned and redeveloped, Forester said. “We think there’s great opportunity with its location,” she said.

 

BCB HOMES COMPLETES STRUCTURE OF HOUSE FOR IMMOKALEE FOUNDATION PROJECT

BCB Homes has completed the structure of the first house in an 18-unit subdivision that is part of The Immokalee Foundation’s Career Pathways Learning Lab Project. Thanks to The Wasie Foundation, The Ray Foundation, Collier Enterprises, and Dale & Barbara Morrison and more community partners, the Naples-based builder, along with students from The Immokalee Foundation and Immokalee Technical College, broke ground on this site in October. The housing subdivision curriculum for the Career Pathways Learning Lab Project will allow students to obtain hands-on experience that will evolve into careers with BCB Homes and others like them in the Southwest Florida marketplace, according to BCB Homes. BCB Homes and its subcontractors are waiving all profit margins for this project, which is slated for completion in 2026, as some elements of the project have been pushed back due to COVID-19.

 

GATES CONSTRUCTION COMPLETES NEW STORAGE FACILITY

Gates Construction has completed building The Lock Up Self Storage facility located at 12700 University Drive in Fort Myers. The new facility consists of a three-story, 106,016-square-foot climate-controlled building with 849 units. Climate control has become an important aspect within storage facilities in order to protect the clients’ valuables from the intense Florida heat and humidity, according to Gates Construction. Established in 1976, The Lock Up Self Storage Group is one of the leading private storage companies in the industry, owning and operating more than 40 facilities in eight different states, totaling more than 1.6 million square feet of self-storage space. Design services for this project were provided by Partners In Design Architects.

 

MK ARCHITECTURE TO SERVICE LOFTON’S ISLAND PLEASURE KEY PROJECT

MK Architecture and Michael Sheeley have been awarded the schematic architectural design services for the first phase of the new Lofton’s Island Pleasure Key located in the Caloosahatchee River in downtown Fort Myers.  The project is proposed to include a swim-up bar, a restaurant with adjoining adult and family pools, a lazy river, an outdoor amphitheater with a bandshell, a 70-foot observation tower with waterslides and zip-line, a renourished beach with beach volleyball, and transient, short- and long-term boat dockage. The island was recently purchased by a group of investors and is expected to be in development during 2021.

 

STEVENS CONSTRUCTION COMPLETES DINING ROOM RENOVATION PROJECT

Stevens Construction has completed the Hibiscus dining room renovation within Village On The Isle, a not-for-profit life plan community located at 930 Tamiami Trail S. in Venice, announced Dan Adams, vice president, south Florida and principal. Stevens Construction provided a 10,000-square-foot interior renovation, including an enhanced dining room with elegant finishes, expansive ceilings, private seating options and separate dining rooms. Stevens Construction worked with Village On The Isle and the design team for four months prior to construction. The project was completed in seven months as scheduled. The Stevens Construction team includes project executive, Dan Adams; project manager, Alan Bennett; superintendent, Gary Tipton; and project administrator, Sue Ziegenfus. Beebe Design Group was the architect of record. 

 

GATES CONSTRUCTION BREAKS GROUND AT BROKEN SOUND CLUB

Gates Construction (GATES) has started a $30 million renovation project at Broken Sound Club in South Florida. The pre-construction permit phase has been completed and the building process is now underway. Managed from GATES’ Palm Beach Gardens office, this renovation and addition project will add dining options and increase amenities, all of which are designed to replicate and improve the member experience. The clubhouse re-imagination is from Peacock + Lewis Architects LLC, with an anticipated completion date of late 2021.

 

LEASES

 

Atomic Machine & EDM Inc. leased 10,776 square feet of commercial space from Fler Group  LLP located at 1236 Industrial Blvd., Nos. 2, 4, and 5, Naples. William V. Gonnering, CCIM, SIOR and Christine McManus, CCIM, SIOR of Investment Properties Corp. represented the landlord and Chad Commers of SVN Kova Commercial represented the tenant.

SoftServe Inc. leased a 5,651-square-foot office space at 4415 Metro Pkwy., Suite 410, Fort Myers, from Coral Reef Metro LLC. Enn Luthringer, CCIM of CRE Consultants represented the lessor and Rodney Fidler of Lee & Associates represented the lessee in negotiating the transaction.

Muriel Court LP leased an approximately 3,915-square-foot space located at Bonita Professional Park, 28410 Bonita Crossings Blvd, Suite 140, Bonita Springs, to NCH Healthcare System Inc. Matt Stepan, CCIM and Jeffrey Clapper of Premier Commercial Inc. represented the landlord and Jay Crandall of Crandall Commercial Group represented the tenant.

Solaris Foundation Inc. leased an approximately 3,050-square-foot warehouse located at 1876 Trade Center Way, Naples, to Spacemakers Closets of SW Florida Inc. and All American Cleaning Inc. Matt Stepan, CCIM and Jeffrey Clapper of Premier Commercial Inc. negotiated the transaction.

Law Office of Conrad Willkomm P.A. leased a 2,200-square-foot office space at 4415 Metro Pkwy., Suite 218, Fort Myers, from Coral Reef Metro LLC. Randal Mercer of CRE Consultants represented the lessor and Mary Willkomm of Perfect Properties of Naples represented the lessee in negotiating the transaction.

Core Cleaning Services Inc. leased a 2,000-square-foot office space in Metro Commerce Center at 11220 Metro Pkwy., Suite 14, Fort Myers, from Metro Commerce Center LLC. Randal Mercer of CRE Consultants negotiated the transaction.

Southwest Florida Karate LLC leased 1,889 square feet of retail space for a lease term of three years at 12995 S. Cleveland Ave., No. 105, Fort Myers, from Pinebrook Pine LLC. Gary Tasman and Gretchen Smith of Cushman & Wakefield | Commercial Property Southwest Florida represented the landlord and tenant in negotiating the transaction.

Domanus Development Partners LLC leased a 1,136-square-foot office space at 849 Seventh Ave. S, Suite 203, Naples, from Naples Community Church Inc. Dave Wallace, CCIM, SIOR and David Wallace of CRE Consultants negotiated the transaction.

From Dreams to Reality, LLC leased a 1,096-square-foot office space in Collier Park of Commerce at 3050 Horseshoe Drive N, Suite 176, Naples from Helios Colliers, LLC. Dave Wallace, CCIM, SIOR and David Wallace of CRE Consultants negotiated the transaction.

Extreme Quality Home Health Care leased 1,066 square feet of office space for a lease term of one year at 12995 S. Cleveland Ave., Nos. 232/233, Fort Myers, from Pinebrook Pine LLC. Gary Tasman and Gretchen Smith of Cushman & Wakefield | Commercial Property Southwest Florida represented the landlord and tenant in negotiating the transaction. 

 

ON THE MOVE 

 

The Naples Fort Myers Chapter of CREW, an organization dedicated to business development, leadership development, industry research and career outreach for women in the commercial real estate industry, announced the newly elected slate of officers for 2021. New board members include president Brooke Gabrielsen, OFDC Commercial Interiors; vice president Joanne Roach, Old Republic Title; president-elect and membership chair Lori Moore, Roetzel & Andress; secretary Lori Buhs, First Citizens Bank; treasurer Janet Davis, Midland 1031; sponsorship chair Kim Donnelly, Suncoast Credit Union; marketing chair Erica Vanover, IBERIABANK; chapter liaison & UCREW, Kristin Conroy, Conroy, Conroy & Durant, P.A.; and immediate past president Christine Gonnering McManus, Investment Properties Corp. of Naples.

 

Luke Kenzik

Luke Kenzik has been named community manager of the Babcock Ranch Residential Association (BRRA). A Florida State University graduate with a bachelor’s degree in economics, Kenzik is a certified manager of community associations, an association management specialist, and a Florida community association manager. Most recently, he served as community manager for several large master-planned communities in Texas. In his new role at Babcock Ranch, Kenzik will lead the BRRA’s daily business operations and management direction while helping guide long-term facility planning. For more information, visit BabcockRanch.com

 

Naples-based DeAngelis Diamond announces the addition of John Odom as vice president of strategic development. Based out of the company’s Sarasota, Florida, office, Odom will serve the Central Florida region from Sarasota to Orlando. Originally from Toledo, Ohio, Odom graduated from University of Cincinnati with a Bachelor of Urban Planning prior to beginning his career in Clearwater, Florida, in 1996. He moved into the sales side early in his 25-year career, preferring to be in front of people and prospecting business. Odom has been involved in projects on both the design and construction side in a variety of market segments.

 

KUDOS

 

Royal Shell Real Estate recognizes its top producers for December 2020. In the Sanibel/Captiva Office, the Top Listing Producers Team is The Newman/Panico Team; Top Listings Producer Individual/Partners is Brian Murty; Top Sales Producers Team is McMurray & Members; and Top Sales Producers Individual/Partners is Trevor Nette. In the Fort Myers Office, the Top Listing Producers Team is Team Stacey; Top Listings Producer Individual/Partners is Patti Testa; Top Sales Producers Team is Home Pros of SWFL; and Top Sales Producers Individual/Partners is Troy De Mond. In the Cape Coral Office, the Top Listing Producers Team is The Koffman Group; Top Listings Producer Individual/Partners is Paula Towell; Top Sales Producers Team is The Jim Peterson Team; and Top Sales Producers Individual/Partners is Paula Towell. In the Bonita Springs Office, the Top Listing Producers Team is The Lummis Team; Top Listings Producer Individual/Partners is Tammy Workman; Top Sales Producers Team is The Lummis Team; and Top Sales Producers Individual/Partners is Tammy Workman. In the Naples – Park Shore Office, the Top Listing Producers Team is The Roboci Team; Top Listings Producer Individual/Partners is Mary Ellen Bonelli; Top Sales Producers Team is The Smuk-Ekovich Team; and Top Sales Producers Individual/Partners is Kimberly Alvord.  In the Naples – Fifth Ave. Office, the Top Listing Producers Team is The Epifanio Team; Top Listings Producer Individual/Partners is Nancy Ehlen; Top Sales Producers Team is The Epifanio Team; and Top Sales Producers Individual/Partners is Anne Juliano.

 

RE/MAX Realty Group recognizes its top producers for the month December. The Top Listings Residential Producer is Jason Lipsher; Top Listings Producer Team is The Dream Team; Top Sales Residential Producer is Lisa Petruska; Top Sales Residential Team is The Cole Team; and Top Sales Commercial Producer is Rachael Guertin. RE/MAX Realty Group also congratulates the following agents for reaching new club levels for the month of December. Executive Club Members are Jen Davis, Coleen Frye, Erica Stehouwer, Abby Stiller, Vic Tabarrini and Ken Tribble; 100% Club members are Pat Davis, Jacqui Engh, Julie Hummel, Gidget Jackson, Brooke Cole Murray, Sheila Peterson, and Annie Richards. In addition, RE/MAX Realty Group celebrates the five-year anniversaries of Mary Dreier and Gerhard Jakobeit.    

 

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