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County to get at least 4,000 more homes

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County to get at least 4,000 more homes

On June 21, 2017, Posted by , In Real Estate, With Comments Off on County to get at least 4,000 more homes

BY: BUSINESS OBSERVER

May 11, 2017

NAPLES — At least 32 residential developments have been approved in the Naples area in the past year, according to an analysis from Collier County Planning Commission Chairman Mark Strain.

The projects will bring an additional 4,182 new lots for sale — coming at a time when existing home inventory has been at high levels. Strain’s presentation was part of the Naples Area Board of Realtors 2017 Economic Summit, “The New Future: A View from the Top.” The event, attended by more than 400 people, was held April 26 at the Hilton Naples.

Strain also says 76 new commercial developments were approved in Collier County in 2016, and 13 senior living facilities are in the planning stages, according to a statement.

“We are the wealthiest county in Florida with an average per capita income of $78,000,” says Strain. “Our population has increased over 10.7% between the years 2010 to 2016. At this rate, we will reach maturation in the year 2030.”

“The Immokalee Road/Interstate 75 and Collier/U.S. 41 corridors are the fastest growing areas in the county,” adds Strain. “And a recent request to change the building height limits at the entry to the City of Naples may produce some rapid new construction, as laid out in an ambitious redevelopment plan for the Gateway Triangle area.”

 

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