Proof Local Economy on Rebound

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The Brown Team

 RICK BROWN: (239) 322-2313 BRENDA BOOTH-BROWN: (239) 287-8834 www.TheBrownRealtyGroup.com A total of 64 acres of land is cleared off Immokalee Road for the future Lantana community in Naples, Florida. This is the 10th and final neighborhood in the Olde Cypress development in North Naples. Lantana will have 122 one- and two-story single-family homes. It’s a new resort-style gated community that will fill over nearly 1,800 acres. It will join a dizzying number of new communities in the past year that have launched or announced plans to build, as the housing market recovers from a boom gone bust in Southwest Florida. New home permits continue to rise. It looks like building permits are up 30 percent in Collier County over last year. As construction picks up, so do jobs. Taylor Morrison’s project for the mentioned community alone is expected to create and support an estimated 600 to 800 jobs per year. The turnaround doesn’t just help construction workers. It means work for machine operators, engineers, surveyors, landscapers, interior designers and others whose business is tied to new development. In August, an agreement was announced that ended a decade-long fight to preserve wetlands in a northern Collier County slough. The new community will incorporate the wetlands featuring a miles-long walkway so residents can view and enjoy wildlife. The community, which will have about 1,100 homes, doesn’t yet have a new name, but planning and permitting is in full swing. The community will have plenty of competition nearby, but it will be different from the pack of new developments in that it will include an 18-hole championship golf course and golf membership will be included in the purchase of a home making it more affordable. Among other new projects that are now under way in Southwest Florida are Bonita Isles, a 220-home community that recently broke ground off Old 41 Road in Bonita Springs, and Hacienda Lakes, a 1,700-home community on the east side of Collier Boulevard at Rattlesnake Hammock Road where dirt has started moving. Other resort-style communities, like Treviso Bay, Fiddler’s Creek and TwinEagles, have been revived, with the inventory of resale homes continuing to shrink in Southwest Florida. Much of the demand for new homes is being driven by seasonal buyers, who are coming from northern states and are about to retire. North Naples is a wonderful location in terms of access to the interstate, the beach, all of the shopping and retail and hospitals. A new community will include 170 acres of lakes and offer tennis courts with stadium seating, a pro shop for golf and tennis, trails for walkers, joggers and cyclists, and other amenities, such as a resort-style pool, clubhouse and wellness center. The project will offer single-family homes and condominiums, ranging from 1,600 square feet to 4,000 square feet. Pricing hasn’t been determined yet. A grand opening is slated for January 2014. Read full article at: http://www.naplesnews.com/news/2012/oct/18/planned-north-naples-resort-community-more-proof/

The Brown Team

RICK BROWN: (239) 322-2313 BRENDA BOOTH-BROWN: (239) 287-8834 www.TheBrownRealtyGroup.com

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