Regular readers of my blog know that the Naples area inventory of existing homes for sale has dropped consistently and significantly over the past 12-18 months. As a result, buyers are increasingly focused on new construction.

 

Collier County issued 110 single-family homebuilding permits in February, a 58% increase over the same month in 2012.

In future weeks, I will highlight desirable new communities in and around Naples. With that in mind, my clients may be interested in these news features that elaborate on future development trends in Naples.

 

First, a “Naples Newsmakers” feature with Naples Daily News Editor Jeff Lytle and guests Blake Gable of Barron Collier Companies, Mike Belmont of Minto Communities and Pat Neal of Neal Communities. Developers point out that future development in Collier County will lie along the Immokalee Road corridor, east of Collier Blvd. In fact, we already see significant development at Bent Creek, less than one mile east of Collier and Immokalee. Land preparation is also well underway for the Esplanade Golf and Country Club of Naples, a development of some 1800 acres at the northwest corner of Collier Blvd. and Immokalee Rd. The Quarry, Heritage Bay, and Twin Eagles are well-established communities in this area that will pave the way for future development.

 

Secondly, the Florida Business Observer makes the following statement about future development in the Naples area:

 

“The potential hot spot in Collier...is Golden Gate Estates. “The area has the potential to host up to 200,000 new residents in the next 20 years. Yet, there is no commercially zoned land anywhere in Golden Gate...As a result, people who live east of I-75 must now drive west toward Naples for goods and services. As new families move into that area, they are expected to demand convenient commercial centers. New zoning will allow office parks and retail centers to service the area. When and how that happens is yet to be seen, but it will happen...People are moving here. You can’t stop them. You can’t say I’ve got mine but you’ll have to move on. The very things that attracted all of us to Southwest Florida will continue to act as a magnet for others. We are going to have to be able to house them and provide them with goods and services. That will drive commercial development in that area.”

(Source: SW FL Business Observer)

 

Let’s keep a close eye on development trends as they unfold. The Naples area and Collier County in general is on the move!