SOUTHWEST FLORIDA, 31 January 2012— Capitalizing on the national notoriety of being named America’s Best Builder by BUILDER magazine and a record-breaking 2011 that has continued its momentum into 2012, Neal Communities has begun its home building business expansion into Lee and Collier Counties.
Neal has joined forces with Cameratta Companies to develop a project in Estero. The project is centrally located on Three Oaks Parkway. Neal plans to build 120 paired villas, that are planned to range in size from 1,400 to 1,550 sq. ft. Opening is planned for early 2013.
Additional Market Expansion In addition to this project in Estero, Neal Communities President Pat Neal is also in negotiations to purchase additional parcels of land in Fort Myers and Naples in 2012.
Strong Capital Positioning Neal Communities’ ability to expand at a time when most homebuilders and developers are still trying to re-gain existing market share comes due to the company’s strong capital positioning. This positioning stems from a series of strategic land purchases in the 1980s to being able to proactively respond to changing market demands during recent economic downturns.
“I have found over the past 40+ years that there can be enormous opportunity following challenging times,” said Neal. ” By operating on a cash-system, we have been able to be both strategic and calculated in our projects and land purchases and leverage these to deliver quality homebuilding at market-driven price points,” Neal added.
New Lee-Collier Office While all operations will initially be run through Neal Communities’ current headquarters in Manatee County, the company is planning to open a Lee-Collier based office in the next six months. “We have always taken a very personal and hands-on approach to all our projects including accessibility to our homeowners,” said Neal. “Expanding outside Manatee County means we need to have a local presence and are working to get an office and team of local executives and subcontractors in place before fall,” Neal added.
Neal Communities’ Divisions Supporting its ability to deliver quality building and service throughout the entire homebuilding process, Neal Communities has also added several divisions that meet the needs of buyers and owners, creating a virtually seamless, one-stop shopping experience from start to finish. These divisions include Charlene Neal PureStyle for interior design and model merchandising; John Neal Homes and Neal Signature Homes, two, semi-custom homebuilding divisions for Neal Communities; Waterscapes Pools & Spas; First Continental Mortgage; and Allegiant Title Professionals.
About Neal Communities Neal Communities is ranked #1 locally by MetroStudy and by Hanley Wood Market Intelligence based on number of home sales and ranked #94 nationally among homebuilders by BUILDER Magazine. As the area’s largest and most established locally owned and operated private builder, Neal Communities is continually striving for excellence in every aspect of the home building and development business. Neal Signature Homes, John Neal Homes, Charlene Neal PureStyle, Waterscapes Pools & Spas, First Continental Mortgage and Allegiant Title all contribute to the firm’s continued, record-setting success. With 8,000 homes built in Southwest Florida, Neal Communities’ honors and accolades includes 37 Parade of Homes 2011 Awards, 48 Aurora Awards, five Best in American Living Awards and hundreds of local and regional industry awards. For more information, visit nealcommunities.com.
About Cameratta Companies Cameratta Companies, LLC is a full-service, leading real estate development company and a pioneer in the real estate industry known to work with the most successful builders in the industry. With more than 30 years of experience, the Cameratta organization has successfully developed thousands of acres of raw land into masterfully designed communities including single family and multi-family residential communities, high-rise condos and golf course communities. Cameratta Companies is noted in the River District in Downtown Fort Myers with its signature real estate project, High Point Place (www.highpointplace.com) and most recently in Estero with its two new real estate projects, The Preserve at Corkscrew (www.thepreserveatcorkscrew.com) and Corkscrew Woods, better known as the Cemex mine property.
The Place at Corkscrew, a gated, Southern Plantation-inspired community, offers an amenity-rich lifestyle in the highly-desirable setting of Estero, Florida. (PRNewsfoto/Lennar Corporation)
