Submitted by Tani Hurley Public Relations | Sunday, January 20, 2013
Developers have closed on 2,262 acres in East Naples, marking the second largest land deal in Collier County in recent months. Hacienda Lakes of Naples LLC purchased the property from Wilton Land Company LLC for $63.7 million, according to county records.
“The scope of this project and the implications for third-party involvement suggests an important economic boost for this area,” said David E. Torres, president of Hacienda Lakes of Naples LLC. “We have working diligently to secure all of the various permits required for development, and we’re ready now to move forward at a rapid pace.”
Hacienda Lakes lies to the east of Collier Boulevard and encompasses lands bordered by Willow Run Quarry to the north and stretches south of Physicians Regional Medical Center.
Over 1,500 acres — more than half of the total area — will be left as a preserve area. The project is permitted to include 1,760 homes; 327,000 square feet of retail space; 70,000 square feet of professional and medical office space; 135 hotel rooms; 140,000 gross square feet of business park or educational facility; and a public school.
The development process of Hacienda Lakes will include an extension of Rattlesnake-Hammock Road east of Collier Boulevard as well as other roadwork within the project that will also serve the public, such as a wider bridge and improvements at the intersection.
Hacienda Lakes has been approved for the establishment of a Community Development District, and both the U.S. Army Corps of Engineers and the South Florida Water Management District have given approval for the plans for Hacienda Lakes.
Development of Hacienda Lakes is expected to take place in phases over the next eight years.
“We’re optimistic about the timetable,” Torres said. “We’ve already had numerous inquiries from firms interested in being involved, and we expect to announce the builder of our first neighborhood within a few weeks.”
For more information about Hacienda Lakes, email [email protected].
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