120,000-square-foot retail and commercial center planned for Babcock Ranch

Naples/Fort Myers

Home again: Home developer D.R. Horton has bought nearly six acres in Punta Gorda. The Arlington, Texas builder paid $1.6 million for the 5.58-acre parcel at 2127 Royal Tern Circle from the Heritage Lake Park Development District. Horton, which has offices in Fort Myers, Tampa and Sarasota, is one of the largest homebuilders in the country. It is currently operating in 109 markets in 33 states. An interactive map of its communities shows developments stretching up the west coast of Florida from just north of Naples to Spring Hill. The company did not disclose its plans for this  parcel.

Fashion forward:  An LLC sharing an address with a Fort Myers fashion house has paid $1.6 million for a 4.46-acre parcel in Cape Coral.  The property is at 801 S.W. Pine Island Road, which is at S.W. 2nd Terrace, next to The Palms at Cape Coral. The buyer is an LLC by the name of Savona of SW Florida. According to records from the state’s Divisions of Corporations, the address for Savona, 14975 Technology Court, matches that of the House of Wu. Wen Wu, the fashion and wedding dress design company’s CEO, is listed as the LLC’s manager. House of Wu, according to its website, is a designer with 26 labels and network of 1,200 retailers in North and South America, the Middle East and the Caribbean. LSI Companies brokered the sale for the seller, Northwest Cape Partners.