Stock Development Tops $250 Million In Sales In 2016: Earns Builder of the Year Honors
- Stock Signature Homes
Stock Development has released its sales report for 2016. The company reigstered 288 new homes sales worth more than $259.6 million and closed on an additional 309 homes worth $250.4 million.
“It was a terrific year for Stock Development,” said Brian Stock, CEO of Stock Development. “We sold homes ranging from townhomes in the $190s to custom estate homes priced at nearly $3 million. In addition to maintaining a strong sales pace across all of our offerings, we were honored when our vice president of sales and marketing and president of real estate services, Claudine Léger-Wetzel, received Builder of the Year Award from The Collier Building Industry Association.”
Among the sales highlights were 89 sales at Paseo in South Fort Myers. The community was on the verge of sell out at the end of the year with only three new homes remaining on the market. Also in Lee County, the 2015 Community of the Year, Hidden Harbor, saw 26 new home sales worth $25 million and the completion of stunning new furnished models and a beautiful new waterfront clubhouse.
In Collier County, fewer than 100 new homes remain for sale in Lely Resort. In 2016, Stock sold 71 homes worth $52.38 million. In addition, the company closed 106 new home sales worth $68.5 million. The company also sold out the Olé neighborhood and debuted The Players Room, a new building of amenities including a theater.
During the year, Stock Signature Homes, the company’s building division, completed sales in Olde Cypress and in its existing neighborhoods in Fiddler’s Creek and purchased 50 more homesites to develop in Fiddlers Creek’s Marsh Cove neighborhood. Stock also expanded its custom estate home building operations in Olde Naples and launched sales in Naples Reserve and the Isles at Collier Preserve.
The company also launched new home sales at The Concession and Lakewood Ranch in Sarasota, as will as Babcock Ranch in Lee County.
“2016 was an incredibly busy year for us,” said Léger-Wetzel. “Within Hidden Harbor, we unveiled several new furnished models and as always we added more move-in ready inventory for our homebuyers.”
On the commercial side, Stock Urban, a division of Stock Development handling apartment and commercial development, expanded its operations.
Stock Plaza has added new businesses to the complex. This stunning new commercial center is ideally located at the northwest corner of Collier Boulevard and Grand Lely Drive. Situated on a spacious nine-acre site in the heart of the booming Collier/951 Corridor are five beautiful buildings offering a total of 50,000 square feet.
Stock Urban has also developed Spectra Apartments, where a furnished model is open and residents have moved in. The 324-unit gated community is conveniently located at 5500 Spectra Circle in South Fort Myers and provides with convenient access to US Route 41 and Interstate 75.
Additional commercial projects, including another luxury apartment complex and a shopping center are planned for 2017.
“We are looking forward,” said Léger-Wetzel. “Stock Development is always adapting to the market place and creating new opportunites.”
Currrently, Stock has more than 40 furnished models across Southwest Florida from Sarasota to Marco Island, as well as in Palm Beach County. They have a robust inventory homes program offering move-in ready homes ranging from multi-family homes priced in the low $200s to custom built estate homes priced at more than $7 million.
Visit the Stock Development website at www.stockdevelopment.com or email at firstname.lastname@example.org or call (239) 592-7344. Stock Development is on Facebook at www.facebook.com/FLStockDevelopment. Stock Development is headquartered at 2639 Professional Circle, Suite 101 in Naples.