This Week In Real Estate: Sept. 10-16

Lead Photo: D.R. Horton Southwest Florida has purchased approximately 70 homesites in Royal Palm Golf Estates. Details below.

 

RESIDENTIAL

 

MARCO ISLAND HOME SALES UP FOR AUGUST

Annual sales of single-family homes in Marco Island were up 9.27% from 388 measured in August 2019 to 424 measured in August 2020, according to a news release. Closed sales for the month of August increased by 48.65% in a year-over-year comparison. Pending sales were up by 109.09%, the news release also shows. August inventory was down by 48.35% in a year-over-year comparison. Annual sales for condominiums in Marco Island were up by 0.42%, and closed sales for the month of August were up by 21.43%. Inventory was down by 6.23%. For more information, visit MarcoIslandNaplesProperties.com.

 

AVE MARIA REPORTS ANOTHER RECORD-SETTING MONTH FOR NEW HOME SALES  

Ave Maria in Collier County continues to set sales records with its best month ever, reporting 60 new home sales in August. Home sales more than doubled month over month for August and 24 new homes were reported in the first week of September, according to Cee Cee Marinelli, director of development for Ave Maria. Announcing 309 new home sales year-to-date, the master-planned community has already surpassed its total sales for the entirety of 2019. Home sales were reported from the four residential builders in Ave Maria—CC Homes, Del Webb Naples, Lennar and Pulte Homes. At its build-out, the town will include up to 11,000 residences, and 1.7 million square feet of retail, office and business park uses in its 4,000 acres. 

 

HEATHERWOOD CONSTRUCTION BREAKS GROUND ON SPORTS CENTER AT WILDBLUE

Heatherwood Construction Co. has begun construction on a 13,800-square-foot, state-of-art Sports Center at WildBlue. WildBlue is a 3,500-plus-acre community which features 1,100 preserve and sparkling-lake surrounded home sites located off Corkscrew Road, just east of I-75. The Sports Center includes an exercise room, an aerobics room, a pro shop, a salon and an outdoor bar on the gathering terrace. The project is led by the Bonita-Springs-based team’s senior project manager, Rafael Valdes, as well as supervised by Wade Smallwood. The Sports Center was designed by award-winning Humphrey-Rosal Architects. 

 

Shelby model

D.R. HORTON PURCHASES HOMESITES IN ROYAL PALM

D.R. Horton Southwest Florida has purchased approximately 70 homesites in Royal Palm Golf Estates — a gated community planned for 343 single-family, all-age-inspired homes. The community is located on U.S. 41, six miles southeast of Collier Boulevard and minutes from Olde Naples and Marco Island. D.R. Horton is offering five open-concept, one-story floor plans in Royal Palm, ranging from 2,197 to 2,540 square feet and priced from the low $400,000s to the mid $500,000s. The floor plans offered include three to four bedrooms, two to three-and-a-half resort-style bathrooms, and a three-car garage. Scheduled to open this fall, the Shelby model home offers 2,221 square feet of living space. In addition to the Shelby model, three homes are also underway and scheduled to be move-in ready later this fall. 

 

STOCK CUSTOM HOMES CONSTRUCTING ESTATE HOME IN PORT ROYAL

Stock Custom Homes, the award-winning luxury homebuilding division of Stock Development, is currently constructing a 6,291-square-foot under-air residence at 4115 Cutlass Lane in Port Royal in Naples. The property will contain five bedrooms and a bonus room, six full bathrooms, a powder bath, and a pool bath, plus a three-car garage. The inspiration for the overall design, produced in collaboration with Ficarra Design Associates and Stofft Cooney Architecture, is to create a classically elegant yet inviting environment with a coastal flair, while elevating the design using luxurious and timeless materials. The color palette will be a refined mix of natural tones and textures accented with various shades of blues, primarily navy.

 

COMMERCIAL 

 

LEE COMMISSIONERS APPROVE PURCHASE OF 14 ACRES ALONG CALOOSAHATCHEE RIVER

The Lee Board of County Commissioners on Tuesday voted to approve the purchase of 14 acres of riverfront land in Olga for Conservation 20/20. The property is located adjacent to Olga Shores Preserve to the west and south, the Caloosahatchee River to the north and Linwood Avenue to the east. The parcel is one of the few remaining undeveloped Caloosahatchee riverfront tracts of land with dense oak hammocks and pristine vegetation. The purchase price is more than $1 million, plus closing costs. In other action Tuesday, the board voted to authorize staff to pursue the purchase of an additional five parcels totaling more than 200 acres for Conservation 20/20. Any proposed purchase of those parcels will be brought back before the board for consideration. There are 30,225 acres within the Conservation 20/20, Lee County’s land acquisition and management program. For more information, visit Conservation2020.org

 

CREW TO HOST PANEL DISCUSSION ON FIRPTA

The Naples Fort Myers Chapter of CREW will hold a virtual CREW Power Hour from noon to 1 p.m. on Sept. 23. The event will feature a panel discussion on Foreign Investment in Real Property Tax Act (FIRPTA). Panel members include Kate Rypina of CliftonLarsonAllen and Julie Lepore of FIRPTA Solutions. The panel will be moderated by Kristin Conroy of Conroy, Conroy & Durant, P.A. This event is hosted by 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 in Southwest Florida. This virtual event is complimentary and open to the public. Pre-registration is not required. Visit crewswfl.com/events to access the virtual event link.

 

LABELLE PROPERTY PURCHASED FOR $8.5 MILLION

18265 Marshall Field Road, Labelle, was sold to Bexley Sumter Inc. for $8.5 million from Amtel Farm Inc. Lane Boy of Cushman & Wakefield | Commercial Property of Southwest Florida represented the buyer and seller in negotiating the transaction.

 

NAPLES ACRES SELL FOR $4.65 MILLION

4555 Radio Rd LLC purchased approximately 4.51 acres of commercial/industrial property from Green Effex Property LLC, located at 4555 Radio Road, Naples, for $4.65 million. David J. Stevens, CCIM of Investment Properties Corp. negotiated this transaction for the seller. Felipe Arcila and Chad Commers of SVN Kova Naples negotiated this transaction for the buyer.

 

FIFTH THIRD BANK BUILDING BOUGHT FOR $1.9 MILLION

Ashley Square Furniture LLC recently purchased the 12,458-square-foot Fifth Third Bank building at 2915 Colonial Blvd. in Fort Myers from 2915 Colonial LLC for $1.9 million. The seller had purchased the same building for $1.3 million just over a year ago. LandQwest Managing Principal Adam Palmer, CCIM, SIOR represented both sides of the transaction.

 

NAPLES COMMERCIAL SPACE SELLS FOR $1.85 MILLION

ASEH NAPLES LLC purchased 12,000 square feet of commercial space from Duffy Allstar LLC, located at 6167 Taylor Road in Naples, for $1.85 million. Christine McManus, CCIM, SIOR of Investment Properties Corp. negotiated this transaction.

 

NAPLES INDUSTRIAL BUILDING SELLS FOR $1.59 MILLION

TCW 2400 LLC purchased the 10,284-square-foot industrial building at 2400 Trade Center Way in Naples from Thomas and Judith Hadinger for $1.59 million. LandQwest Managing Principal Mike Concilla represented the seller, and LandQwest Senior Associate Mike Doyle, CCIM represented the buyer.

 

NORTH FORT MYERS ACRES ACQUIRED FOR $1.5 MILLION

Eagle Outparcels LLC purchased four outparcels totaling 5.57 acres in the Eagle Landing, a Publix-anchored shopping center at 6690-6704 Bayshore Road, North Fort Myers, from Bay 02 LLC for $1.5 million. Fred Kermani, CCIM, AIA of CRE Consultants represented the seller in negotiating the transaction.

 

FORT MYERS PROPERTY SELLS FOR $1.3 MILLION

10500 Metro Pkwy., Fort Myers, was sold to Viorel Toader for $1.3 million from HML Properties LLC. Gary Tasman and Shawn Stoneburner of Cushman & Wakefield | Commercial Property of Southwest Florida represented the buyer and seller in negotiating the transaction.

SPECIAL-USE BUILDING BOUGHT FOR $670,000

The Fort Myers Christian Center purchased its 23,424-square-foot, special-use building at 3500 Fowler Street in Fort Myers, from Christopher Walker, trustee, for $670,000. LandQwest Senior Associate Mike Doyle, CCIM represented the seller in this transaction.

 

FORT MYERS SPACE SELLS FOR $359,000

12559/12561 New Brittany Blvd., Fort Myers, was sold to Mega Ventures LLC for $359,000 from By the Sea Bookkeeping. Gary Tasman and Gretchen Smith of Cushman & Wakefield | Commercial Property of Southwest Florida represented the seller in negotiating the transaction.

 

PopStroke

STEVENS CONSTRUCTION COMPLETES POPSTROKE

Stevens Construction has completed PopStroke, a technology-infused golf entertainment concept merging TGR Design team’s first-ever 36-hole putting facility, coupled with outdoor dining. Stevens Construction built a 6,901-square-foot building, which includes an open-air restaurant and bar, commercial kitchen, restrooms, covered playground and lobby with a retail area and premium ice cream. The cornerstone of PopStroke is the two 18-hole putting courses designed by TGR Design, which provides options for golfers and non-golfers alike. Both courses include synthetic turfs, fairways, bunkers and rough. Located at 5551 Six Mile Commercial Court, PopStroke is opening its first location in Southwest Florida. The Stevens Construction team includes project manager, Mark Pelafas; superintendent, Dan Oak; and project administrator, Sue Ziegenfus. MHK Architecture & Planning is the architect of record. 

 

The planned appearance of Joe V\’s Farm Market in Cape Coral. (Credit: Handout. Sourced from WINK News)

NEW GROCERY STORE, JOE V’S FARM MARKET, PLANNED IN CAPE CORAL

A multimillion-dollar farmers market is coming to Cape Coral. Where most people see an empty lot on Pine Island Road, owner Lee Snyder sees endless possibilities. Snyder envisions Joe V’s Farm Market as a full-service farmers market open every day, all year. In addition to an enormous produce department, Snyder plans a meat department with steaks cut to any desired thickness, a bakery, homemade ice cream and 6,000-square-feet of wine, WINK News reports 

 

MK ARCHITECTURE ANNOUNCES CONSTRUCTION OF GOODWILL SWFL FACILITY

MK Architecture has announced the start of construction of Goodwill’s newest Southwest Florida facility, with 36,000 square feet of retail space to be located within Egret’s Crossing at the corner of Davis Boulevard and Santa Barbara Boulevard in Naples. Civil drawings were completed by Grady Minor, structural engineering was provided by JPI Structures Inc., and the Electrical drawings were completed by Pistocchi Engineering. MK Architecture’s client, Faller Development, selected GLR Inc. for the build phase of the project, which is anticipated to be completed by early spring 2021.

 

TOOJAY’S DELI PERMANENTLY CLOSES AT MERCATO IN NORTH NAPLES

TooJay’s Deli has permanently closed its North Naples restaurant in Mercato as well as four other locations in Florida as it emerged last week from Chapter 11 bankruptcy protection. The company’s debt restructuring process and implementation of a Chapter 11 reorganization plan allowed it to emerge debt-free, which it believes will provide significant financial flexibility to support its operations. Chicago-based Monroe Capital, the new owner of the 39-year-old restaurant company, is providing capital to support growth in the business going forward, according to a news release. Famous for piled-high sandwiches and made-from-scratch soups, TooJay’s opened in March 2019 in the former space of Stage Deli at Mercato, the mixed-use development at U.S. 41 North and Vanderbilt Beach Road. In addition to the North Naples restaurant, TooJay’s closed locations in Fort Lauderdale, Sarasota, Waterford Lakes and the Villages. TooJay’s, which started in West Palm Beach in 1981, still operates more than 20 locations along Florida’s east coast and in the Orlando area.

 

SEAGATE DEVELOPMENT CONTINUES WORK ON SCOTLYNN HQ

Seagate Development Group is just weeks away from the panel tilt-up and structural steel components of Scotlynn USA Division Inc.’s North American corporate headquarters. The multinational transportation and logistics firm broke ground last month at 9597 Gulf Research Lane in Fort Myers. Crews have poured the slab and casting pads to form wall panels and ultimately connect structural steel. By the end of this year, Seagate is slated to top off the third deck of the Scotlynn headquarters as well as begin interior construction and an industrial-feel design of the first, second and third floors. As the three-story, 60,000-square-foot headquarters nears completion in 2021, leaders will hire at least 140 people for management and operations positions. Contributing to the mission of world-class freight transportation, workers will conduct business in a fully amenitized facility. Features include a gym, basketball court, cafeteria, walking track, and an indoor/outdoor recreational space with an eating area. 

 

PREFERRED TRAVEL EXPANDS TO NEW OFFICES

Preferred Travel of Naples is expanding and moving to two new locations. The Naples office, which has been located in the same location for the past 15 years, will now be relocating to the office building next door at 5811 Pelican Bay Blvd., Suite 201. Their brand new office will be at 3960 Via Del Rey in the Vanderbilt Office Park in Bonita Springs. Since social distancing mandates and travel restrictions have occurred, the team has been working remotely to help clients rebook trips and plan for 2021 travel, as well as short staycations and close-to-home adventures for 2020. The new office locations will allow for advisors to make appointments with their clients for one-on-one meetings with all safety precautions followed.  For information, visit preferrednaples.com

 

LEASES

 

DNA Comprehensive Therapy LLC leased 6,931 square feet of office space for a lease term of two years at 6430 Plantation Park Ct., Unit 200 & 300, Fort Myers, from FLT TWO LLC. Gary Tasman and Gretchen Smith of Cushman & Wakefield | Commercial Property Southwest Florida represented the landlord and tenant in negotiating the transaction.

Dress for Success of SWFL Inc. leased 3,967 square feet of office space for a lease term of three years at 12995 S. Cleveland Ave., Unit 153, 152, & 260, 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.

BTMCCARTHY INC. leased 3,000 square feet of commercial space from Cedar Ridge of Bonita LLC, located at 5835 Washington Street. Christine McManus, CCIM, SIOR of Investment Properties Corp. negotiated this transaction.

SWFL ETF Fitness 1 LLC leased 3,000 square feet of retail space from Sutton Place Investors LLC, located at 6270 Naples Blvd., Suite 7 & 8, Naples. Rob Carroll, CCIM, MAI of Investment Properties Corp. negotiated this transaction.

Saito Tattoo Studio leased 2,000 square feet of retail space for a lease term of three years and two months at 4391 Colonial Blvd., Suite 123, Fort Myers, from T.F. Commercial Investments LLC. Gary Tasman and Gretchen Smith of Cushman & Wakefield | Commercial Property Southwest Florida represented the landlord and tenant in negotiating the transaction.

Fit Beauties 239 LLC leased a 1,780-square-foot flex space in Metro Commerce Center at 11220 Metro Pkwy., Unit 22, Fort Myers, from Metro Commerce Center LLC. Randal Mercer of CRE Consultants represented the lessor and Jeff Forsyth of Lee & Associates represented the lessee in negotiating the transaction.

Vaugniaux Upper Cervical LLC leased 1,594 square feet of office space for a lease term of two years at 12651 McGregor Blvd., Unit 102, Fort Myers, from Gulf Stream West LLC. Gary Tasman and Gretchen Smith of Cushman & Wakefield | Commercial Property Southwest Florida represented the landlord and tenant in negotiating the transaction.

Eagle Bank and Trust Mortgage leased 1,531 square feet of office space for a lease term of three years and one month at 1520 Royal Palm Square Blvd., Unit 360, Fort Myers, from West Coast Properties, LLC. Gary Tasman and Gretchen Smith of Cushman & Wakefield | Commercial Property Southwest Florida represented the landlord and tenant in negotiating the transaction.

Help at Home Homecare, LLC leased a 1,153-square-foot office space at 14421 Metropolis Ave., Suite 104, Fort Myers, from Metropolis SWFL LLC. Randal Mercer of CRE Consultants negotiated the transaction.

 

ON THE MOVE

 

 

Ron Howard

John R. Wood Properties welcomes Ron Howard as vice president of sales. Howard’s real estate career spans nearly 30 years of executive leadership positions with various large and smaller brokerage companies including Prudential Nevada Realty in Reno, Nevada, John L. Scott in Bellevue, Washington, and Windermere Realty Trust in Portland, Oregon. He has a Master of Arts degree in organizational management and bachelor’s degrees in management and music performance. He attended Portland State University, Saint Mary’s College in California, and the University of Phoenix. He will be responsible for leading John R. Wood Properties’ sales associates to meet and exceed sales goals, creating and executing sales strategies, and developing and managing the sales department budget.

 

 

Nikole Richards

EDGE Cabinet and Space Creators has announced the additions of Steve Chagdes, David Cureton and Nikole Richards to the positions of project manager, cabinet designer and design assistant, respectively. Chagdes has more than 35 years of experience in cabinetry construction and installation, as well as project management and supervision. Cabinet Designer David Cureton specializes in enhancing hand-drawn and computer-aided technical drawings with creative and unusual details to optimize solutions for living spaces. Cureton studied fashion illustration at The Art Institute of Atlanta, and his work has appeared in national publications. Richards has 12 years of construction and design experience. Her responsibilities include creating proposals, maintaining job files, ordering samples and staying abreast of the latest cabinetry and design trends. 

 

Chris-Tel Construction has hired Ann Cemer as project manager for the Special Projects Group for the firm. Cemer has more than 30 years of construction industry experience, specifically in commercial and residential construction. She has extensive experience with new construction, renovations and tenant build-outs including hotels, museums, schools, business parks, restaurants and retail space. Her responsibilities at Chris-Tel Construction will include project administration and estimating, constructability review, client coordination, subcontractor contract and bids, scope evaluation, value engineering, coordination of project documentation and resolution of punch list items. Cemer will be managing the Collier County Continuing Services Contracts as well as a variety of private client projects for the Special Projects Group.

 

PBS Contractors welcomes Bryant Johnston to the team as project manager. Johnston brings decades of experience in construction project management working throughout Florida and previously in Royal Oak, Michigan. He will be responsible for project planning, coordination, and financial controls. As the liaison to the client, keeping them informed of project updates and progress, he will ensure on-time completion within budget and exceptional quality. Johnston attended Central Michigan University and earned his Bachelor of Arts in facilities management. Johnston is OSHA and MOT certified and has attended Dale Carnegie management training.

 

Gulf Coast Realty & Property Management has added Christine Squires as a Realtor. Squires is a licensed real estate and rental expert with several years of industry experience. In her position with Gulf Coast Realty & Property Management, she will be responsible for assisting clients with home and rental purchases and sales, rental property marketing and management, and day-to-day property management. Squires holds a Florida Salesperson Real Estate License and is a member of the Naples Area Board of Realtors. Southwest Florida has been her family’s second home since 1987. She is a graduate of John Carroll University in Ohio.

 

KUDOS

 

State Farm has awarded Habitat for Humanity of Collier County a grant of $5,000 to go towards the construction of an affordable home for a Collier County family in need. State Farm supports the communities they serve through Good Neighbor Citizenship company grants and the State Farm Companies Foundation. The insurance provider has made a commitment to improving and maintaining the vitality of communities through their investment in organizations that support affordable housing, job training, neighborhood revitalization and more. As a top provider of affordable homes in Collier County, the local Habitat affiliate was chosen as the beneficiary of one of State Farm’s grants. The State Farm grant will support a portion of the construction costs of a new home for a family in the neighborhood of Vincent’s Acres, Habitat Collier’s newest subdivision in Naples.

 

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