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Business Observer Thursday, Sep. 16, 2021 1 month ago

Developer pays $5M for land, plans luxury residential project

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Palisades will reflect Windward Isle, say Seagate Development Group officials.

NAPLES — Seagate Development Group, one of the more prolific developers and real estate firms in Southwest Florida, plans to build a new residential community in Naples.

The Fort Myers-based company recently closed on about 12 acres on Yarberry Lane in north Naples for the project, named Palisades, according to a statement. Palisades is near Seagate’s newly sold-out Windward Isle, and, the release adds, it will “reflect Windward Isle’s gated enclave of single-family homes within a discreet cul-de-sac – in terms of customization and luxury location.” Seagate paid $4.97 million for the land over three separate transactions, a company spokesperson says.

“The success we experienced with 28 homes in Windward Isle prompted us to determine how we can further satisfy people who desire to move to this attractive location,” Seagate COO and Partner James Nulf says in the statement. “Yarberry Lane – much like nearby Airport-Pulling Road – is in proximity to popular Naples destinations and exclusive Southwest Florida amenities, so it demands equally favorable residences and the same great product people have come to expect.”

Palisades will be minutes from Mercato, Waterside Shops, The Ritz-Carlton Naples Luxury Beachfront Hotel And Spa, and The Ritz-Carlton Naples Tiburon Golf Club as well as Vanderbilt Beach, Clam Pass Park and The Club at LaPlaya Beach & Golf Resort.

Seagate Development Group is a leading, full-service development company specializing in a design-build process via new construction, custom renovations, interior design, and management and leasing services. It’s currently building custom, end-user residences in Esplanade Lake Club, Quail West, Talis Park, Hill Tide Estates and other luxury residential communities throughout Southwest Florida. Also, its high-profile, design-build projects include NeoGenomics’ $60-million global headquarters and Scotlynn USA Division Inc.’s 60,000-square-foot North American corporate headquarters as well as managing over 1.5 million square feet of commercial space.

 

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