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Business Observer Tuesday, May 5, 2020 9 months ago

Builder buys land for $2.8M, plans new townhome community

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Boca Raton-based Sobel Co. has several other Southwest Florida projects.

FORT MYERS — Sobel Co., a Boca Raton-based developer that’s built more than 4,200 homes in six states, is planning a new residential townhome community in a fast-growing part of Southwest Florida.

Under the entity Fort Myers Gateway LLC, the company recently bought a 20.93-acre site in Fort Myers, east of Interstate 75 and just across Daniels Parkway from the Skyplex Office Park, according to a statement. Fort Myers Gateway LLC, managed by Jeffrey Sobel, according to Florida Department of State records, paid $2.8 million for the site, the release adds. Justin Thibaut of Fort Myers-based LSI Cos. represented  Fort Myers Gateway LLC in the transaction.

The site, also fronted by Legacy Gateway, an under construction multifamily apartment project, was purchased from Bell Gateway Investments LLC, Legacy Gateway 40 LLC and Legacy Gateway 60 LLC, the release states.

Sobel Co., according to its website, has completed over $100 million in residential sales since 2013. Southwest Florida Projects include Villa Medici, a 203-unit townhome community in Fort Myers and Bristol Pines, a 133-unit townhome community in Naples. It’s also built residential projects in Pompano Beach, Fort Lauderdale, West Palm Beach, Aspen, Colo., Conway, S.C. and  West Bloomfield and Southfield, Mich. Jeffrey Sobel is the owner and president of Sobel Co., according to the website.

 

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