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NAPLES — Stock Development has signed a $10 million contract to buy 48 single-family lots at Fiddler's Creek, a development near Marco Island.
Fiddler's Creek's developer emerged from bankruptcy reorganization last year and has been selling lots to homebuilders such as Stock in recent months. Earlier this year homebuilding giant Lennar contracted to buy 227 lots in the development, for example.
Launched in 1998, Fiddler's Creek is nearly 4,000 acres and has room for a total of 6,000 homes. So far, the community off Collier Boulevard near Marco Island has about 1,700 homes.
Privately held Naples-based Stock plans to break ground on the Fiddler's Creek homes in three neighborhood communities within the development in the spring.
“We are delighted to welcome such a well-known and well-respected regional homebuilder to Fiddler's Creek,” says Aubrey Ferrao, president and CEO of Fiddler's Creek, in a statement.
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