13 Oct Seagate continues to expand its presence in Southwest Florida
Since its official formation in January 2015, Seagate Development Group LLC has established itself as one of Southwest Florida’s leading developers and builders of commercial and residential properties.
The firm continues to pursue an aggressively executed strategy focused on the expansion of its commercial real estate development, commercial construction, commercial property management and leasing, tenant improvement, and luxury residential development and construction businesses. Commercial and residential real estate development and construction and tenant improvements are provided under the aegis of Seagate Development Group, a licensed Florida contractor. SW Management and Realty, LLC, a related entity, is a licensed entity that provides commercial property management and leasing services. Seagate’s development, construction, management, and leasing services are readily available to third parties.
Seagate portfolio of commercial properties under management totals more than 1.5 million square feet with an estimated value of more than $200 million. Seagate has completed tenant and capital improvements projects worth $40 million in the past three and a half years. Current commercial projects include the construction of a 96,077 square-foot Cube Smart storage facility in Fort Myers in partnership with Arbor Towne Investors.
With custom residential construction and remodeling revenues of $75 million since January 2015, Seagate is one of the region’s pre-eminent builders of custom luxury residences. Seagate is currently building custom residences for end users in the Renaissance community in Fort Myers, Windward Isle in North Naples, on Boca Grande, and at Quail West in North Naples. Remodeling projects are underway in Estuary at Grey Oaks and Pelican Bay in Naples, the Shadow Wood community in Bonita Springs, in Miromar Lakes Beach & Golf Club, and on Boca Grande where Seagate is renovating the community’s Boca Grande Lighthouse United Methodist Church. The end user custom home construction and remodeling activity are being undertaken as Seagate is continuing to develop new furnished models at Windward Isle, Hill Tide Estates at Boca Grande on Gasparilla Island, Miromar Lakes Beach & Golf Club, and at Quail West.
Seagate is a preferred builder of grand estate residences at Quail West and at Miromar Lakes Beach & Golf Club, a community being developed by Miromar Development Corp. Seagate’s 5,524-square-foot Oakmont grand estate model at Quail West was one of two furnished Seagate grand estate models in Quail West that sold within three weeks in April 2017. The 5,464 square feet Calusa grand estate was sold prior to completion.
Earlier this year, Seagate’s 5,800-square-foot Spring Hill model at Quail West sold before construction began. Construction is now underway. Seagate is currently in the design and development stage for two new furnished grand estate model residences at Quail West. Construction of one of the models, The Oak Hill, is expected to start this fall. The second model, The Streamsong, is scheduled to start first quarter 2019. Both models are being designed by Rich Guzman at RG Designs.
As a preferred builder at Miromar Lakes Beach & Golf Club, Seagate built and sold its Tortola estate model in the community’s Salerno 2 neighborhood. Construction of Seagate’s Sabbia model in the Sardinia neighborhood is on schedule for completion this fall. Priced at $4.65 million with furnishings and part of Seagate’s Beach Collection in Sardinia, the three-level, 6,227-square-foot under air Sabbia model was designed by RG Designs. Seagate has introduced its new Fontana floor plan in Sardinia. The three level, 4,818-square-foot under air plan was also designed by RG Designs and is also part of the Beach Collection in Sardinia.
In January 2015, Seagate introduced Windward Isle, a gated enclave of 28 single-family luxury homes being developed south of Orange Blossom Drive on Airport-Pulling Road in North Naples in partnership with Southborough, Massachusetts-based Capital Group Properties LLC. Windward Isle offers a low density of luxury custom homes with low homeowner’s association fees.
Two completed furnished models, a model under construction, a model scheduled to start construction this month, and 11 home sites are available at Windward Isle. Six end-user residences have been completed and six are under construction. Seagate announced that a model featuring its Grenada floor plan currently that is under construction has sold. The new model under construction will feature Seagate’s Cayman II floor plan, one of eight, one- and two-story open-concept designs by Weber Design Group and RG Designs that showcase the community’s coastal West Indies architectural style. Seagate will also build custom residences designed for construction on Windward Isle’s home sites.
In August 2016, Seagate started site work for its Hill Tide Estates development, a 9.98-acre gated enclave on the southern tip of Boca Grande that includes 19 luxury estate home sites. Hill Tide Estates is the only site on Boca Grande that overlooks Boca Grande Pass. Nine floor plans, ranging from 3,004 to over 5,000 square feet under air designed by RG Designs, are available. Seagate’s furnished Captiva model currently under construction is on schedule for completion this fall.
Priced at $5.995 million with furnishings, the Captiva model includes 4,865 square feet under air and 11,184 square feet under roof. A second model, the Silver King by BCB Homes, is also under construction. Priced at $7.5 million, the unfurnished 4,555-square-foot under air two-story Silver King showcases an open-concept, great room floor plan. Seagate is also designing its new three-level, 4,545-square-foot under air Bal Harbour model for construction at Hill Tide Estates. Seagate is also poised to begin construction of a custom home at Boca Grande featuring its 4,717 square feet Gasparilla floor plan. Eleven home sites priced starting in the $2 million remain available.
Seagate Development Group LLC is headquartered at 12801 Commonwealth Drive, Suite 12, Fort Myers. Visit seagatedevelopmentgroup.com.