Good Luck Builder

There's nothing quite like the development of a new residential community to suggest an economic recovery.

Sunrise-based GL Homes is just weeks away from the opening of Riverstone, a new residential community off Immokalee Road in Naples. The new development is spread over 640 acres and will have 850 single-family homes when it's completed. GL Homes is building seven models and has started 18 speculative homes in time for the community's Jan. 28 opening.

“Naples is just still so desirable,” says Patty Campbell, president of the Southwest Florida division of GL Homes. The privately held company doesn't disclose financial details, but Builder Magazine says the company ranked as the 30th largest builder in the U.S. in 2010 with $330 million in revenues.