Homebuilder closes deal for 130 acres

ESTERO — Pulte Home Corp. has finalized the purchase of a 130-acre tract in Estero, where its Del Webb senior housing unit plans to develop a 387-home community called Tidewater.

The property, which Pulte acquired from Naples-based NM Development Group, is adjacent to Germain Arena and bounded by Interstate 75, Estero Parkway and the Miromar Outlets.

NM Development, led by partners Al Moscato and David Nassif, still has land entitled for 200 hotel rooms and 250,000 square feet of office and retail space.