Category: Local growth

Hoffmann Family plans 150-room hotel, conference center near Hertz Arena in Estero

The Hoffmann family, which bought Hertz Arena and the Florida Everblades in 2019, has preliminary plans to build a 150-room hotel and small conference center on land off Ben Hill Griffin Parkway in Estero.

“It’s certainly going to support the arena traffic there,” said David Hoffmann, founder of Osprey Capital and chairman of Hoffmann Commercial Real Estate. “We have 32 teams that come in here to see us. We hold various sporting events from all over the country where people come to the arena. We have to have a hotel to support that.”  
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Naples – Long Awaited Logan Blvd Extension to be Completed in Late 2019

Residents of North Naples and East Bonita Springs will just have a few more months to be patient until the long awaited extension for Logan Blvd will open in late 2019.
Currently Logan Blvd ends north of Immokalee Rd deserving the communities of Olde Cypress, Riverstone and Stonecreek.
The new two-lane road divided by an 8-foot median will create another north-south corridor between Collier and Lee counties, extending Logan from North Naples to Bonita Springs. The new road will end with a two-lane roundabout on Bonita Beach Road between the gated communities of Village Walk of Bonita Springs and San Remo at Palmira and Palmira Golf & Country Club.

North Naples: Logan Landings Opening Soon.

Logan Landings, a new commercial strip mall at the corner of Immokalee Rd and Logan Blvd in North Naples is going to open soon (January 2019).  Sprouts Farmer Market, an organic store will be the main anchor, numerous new restaurants will also be there, like Oak And Stone , Off the Bone BBQ and the fourth location of Brooks Burgers.
Logan Landings is located close to Saturnia Lakes, Olde Cypress, Riverstone, Stonecreek , Longshore Lakes, Heritage Greens and  Quail Creek.

SWFL International Airport Reports Record-Breaking Traffic in September

RSW REPORTS RECORD-BREAKING TRAFFIC
During September, 418,256 passengers traveled through Southwest Florida International Airport in Fort Myers (RSW), an increase of 27.7 percent compared to September 2017. Year-to-date, passenger traffic is up 6.3 percent from the same period last year. Southwest Florida International Airport reported 9,256,500 passengers for the fiscal year ending Sept. 30, breaking all records in the 35-year history of the airport. The traffic leader in September was Delta Air Lines with 93,483 passengers traveling to and from Fort Myers. Rounding out the top five airlines were American (72,983), Southwest (66,667), JetBlue (60,934) and United (39,986). Southwest Florida International Airport had 4,043 aircraft operations, a decrease of 4.9 percent compared to September 2017. Page Field saw 7,952 operations, a 45.5 percent increase from September 2017. In addition, slightly more than 2.3 million pounds of air freight moved through Southwest Florida International Airport in September 2018.
©Gulfshore Business.

These 18 Cities Will See the Most Economic Growth Next Year: Naples Florida topped the list!

An article published today in Bloomberg: Naples, Florida, topped the list of metropolitan areas that are expected to see the most economic growth next year, according to an analysis of data in a new report from the U.S. Conference of Mayors prepared by IHS Global Insight.
The report indicates the economic is forecasted to grow 4.9% in Naples area for 2016.
View article in Bloomberg…
It is still time to buy real estate in the Naples area…

Village Of Estero – Many Projects under Way!

Estero officially became The Village of Estero on January 1st 2015.
Located south of Fort Myers and just north of Bonita Springs and Naples, The Village of Estero   has a desirable location in SW Florida.
Candidates for the Village Council are now campaining for an election to be held on March 3rd.
Several new developments are under way or scheduled for the next months in Estero.

  • Hertz headquarters are already under construction for a few months already and should be ready for the end of the year or beginning of 2016. They are located at the SE corner of US 41 and Williams Rd, just north of Rapallo. Hertz has already open its rental and sale division.
  • Wal-Mart has cleared up the parcel at the corner of US 41 and Estero Pkway
  • Estero Grande a controversial Estero mixed use project close to Breckenridge Golf & Tennis Club has been approved by Lee County. Estero Grande is a 30-acre project with commercial out lots in front of rentals units.
  • The clearing up of a parcel on US 41 just north of Ford dealership is underway for the construction of a new Honda dealership. 
  • Always on US 41 and just across Coconut Point Mall, Pollo Tropical & First Watch will open very soon. 
  • Duffy’s Sports Grill will open soon taking the place of the former Stoney’s Sport Cafe close to Stoneybrook. 
  • Estero on the River, a large parcel of 87 acres at the NE corner of Corkscrew Rd and US 41 is now on the market for $34 millions. The property is zoned for 530 residential units and 300,000 sqft of commercial spaces. Beautiful trees and Estero River runs in the middle of the property. Hopefully the future owner will preserve part of that beautiful setting!
  • Pebble Pointe At The Brooks, a new community under development in The Brooks has just released its floor plans and pricing. 
  • Tidewater by Del Webb, an active adult community will start mid 2015 at the corner of Ben Griffin rd and Estero Pkway.
Stay tuned for more developments coming in the next months in the Village of Estero!

Hertz Relocating Corporate Headquarters to Estero, Florida

Great news for Estero, Florida! Hertz  – a Fortune 500 company – is relocating its corporate headquarters from New Jersey to Estero, Florida.

The chosen site is the SE corner of Williams Road and US 41.
This decision is a booster for the local economy of Estero and South Lee County.
On a real estate point, it can be predicted as a positive influx for the value of properties in communities around like Pelican Sound Golf & River Club, Rapallo at Coconut Point, West Bay Club, Shadow Wood at The Brooks or The Colony At Pelican Landing.

View complete article in Naples Daily News…
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Naples Real Estate – The Upswing Continues – Inventory Decreases 14%. Strong Sales Emerging For Summer

The Naples residential real estate market continues its upswing. That is what reveals the latest sales report released by NABOR (Naples Board Association of Realtors) one hour ago.
The total inventory decreased 14% in May 2011 compared to May 2010:

  • 7,705 in May 2011.
  • 9,006 in May 2010.

The median closed price for single-family home increased 6% from $199,000 to $210,000 for the 12-month period ending in May 2011 compared to the same period ending in May 2010.
Overall pending sales are up 8% in May 2011 compared to the same month in 2010:

  • 955 contracts in May 2011.
  • 887 contracts in May 2010.

This increase of sales – which is noticeable in the regular sales – puts a trend for emerging strong Summer sales in the Naples area (Naples, Bonita Springs & Estero).
The sales for condominiums in a price’s range from $1 Million to $2 Million were up 164% for the 12-month period ending in May 2011 compared to 2010.
View complete report…
View complete statistics…

Naples Real Estate: 43% Increase In Pending Sales For Condos in Naples Beach Area

43% increase in pending sales for condominiums located in the Naples Beach area in April 2011 compared to April 2010; this is one of the good news released in the report sent to the press today by the Naples Association Board of Realtors (NABOR).
In the Naples Beach area have been under contracts:

  • 156 condos in April 2011.
  • 109 condos in April 2010.

Among other good news in that report:
– Overall (all areas) pending sales for condominiums are up 6%.
– Overall pending sales for properties listed for $2 Million and above, increase 9%.
– The total inventory decreased 11%:

  • 8,214 properties for sale in April 2011.
  • 9,239 properties for sale in April 2010.

View complete report…
View complete statistics…
Search for all available properties for sale by communities from Naples to Estero…

Florida Population Continues To Grow. Good News For Florida Real Estate Market

Florida continues to grow. According to the 2010 Census, Florida’s population was 18,801,310 on April 1, 2010, an increase of 2,818,486 since April 1, 2000.
The 2000-2010 period was the fourth consecutive decade to see the Florida population grow by more than 2.8 million residents. Florida’s numeric population increase during the past decade was the third largest of any state, trailing only Texas and California. Its percent increase (17.6 percent) was the eighth largest in the nation.
This is good news for Florida real estate market recovery too.
View complete article…
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