FORT MYERS, Fla. (Jan. 25, 2024) – Seagate Development Group experienced tremendous growth in 2023 and marked several achievements across its numerous divisions and companies. The company completed multiple residential communities, finished several commercial projects and closed two of the largest real estate transactions recorded in Southwest Florida last year – a 10-acre land purchase on Fort Myers Beach and 4-acre hotel in the City of Naples. In 2024, Seagate is bringing $2.5 billion in new product to Lee, Collier and Charlotte counties.
“By delivering top quality and an exceptional client experience that is on budget and schedule, along with scalability, consistency and sustainability, we continue to achieve strong growth,” said James A. Nulf Jr., president of Seagate Development Group. “We pride ourselves on delivering concierge-level service and are focusing on expanding our team with the right people who embody that service mentality so we can stay ahead of even more growth to come.”
In 2024, Seagate Development Group is expanding its executive leadership team to support its growing team of employees. The company increased its team by 23% in 2023 and now has more than 275 employees, a number that will further increase this year.
Seagate’s distinguished luxury homebuilding division sold out Esplanade Lake Club in Fort Myers and has one remaining custom home available each in Hill Tide Estates on Boca Grande and Talis Park in Naples. In 2023, Seagate also launched the Palisades and Silver Oak communities. Palisades closed out the year with double sales in December and numerous model homes and quick-delivery homes under construction. Silver Oak, an exclusive Naples community, has 10 oversized custom estate lots, each spanning 1.25 acres. For 2024, the company anticipates launching Revana Lakes on Bonita Beach Road, its largest amenitized community of custom homes to-date in one of the largest areas of undeveloped land in Bonita Springs, and Opus Stone, an exclusive community of 51 custom estate lots located at Vanderbilt Beach Road and Massey Street in Naples. Its remodeling division also expanded and continues to grow due to hurricane recovery efforts on Sanibel and other coastal areas.
Seagate’s commercial division completed numerous significant commercial projects in 2023 and has over $100 million in build-to-suit projects in preconstruction throughout Lee, Collier and Charlotte counties. In Lee County, Seagate completed five buildings in Alico Trade Center, a 40-acre business park at Alico Road and I-75, for Vantage Logistics, Beacon Roofing, California Closets, Trend Moving and Velocity Engineering. The company also completed a 60,000-square-foot warehouse and office space next to Punta Gorda Airport in Charlotte County for ABC Supply Co. Inc. The division has brought the company accolades as one of the most forward-thinking commercial development and construction companies in Florida.
Seagate’s Asset and Property Management division continued its growth with the addition of the Alico Business Park, a 46,000-square-foot flex office building and the Alico Road Business Park, which includes 48,000 square feet of commercial condo buildings. The division now has more than 1.5 million square feet under management across Southwest Florida with plans for continued growth in 2024.
Award-winning luxury interior design firm Theory Design, a Seagate company, completed the design and furnishing of numerous Seagate Residential model and client homes last year, as well as several private residences. In January, the company unveiled the design of Penthouse 20 in The Seasons at Naples Cay, the exclusive Naples high-rise community.
Earth Tech Enterprises, a Seagate company, is a diverse and experienced provider of land development, mining operations, and beach and marine services. The company has tripled in size over just two years. During 2023, it invested over $20 million in capital equipment, expanded its staff and enhanced its GPS technology capabilities. Significant projects completed last year include the Collier County Beach Renourishment. Earth Tech hauled and placed 63,000 tons of sand on Naples Beach from Doctors Pass to just north of Lowdermilk Park. Earth Tech also marked record material sales in 2023 from Bell Mine, its 502-acre sand and salt mine acquired in 2022.
Launched in 2015 and based in Southwest Florida, Seagate Development Group is a vertically integrated real estate company focused on delivering excellence and concierge-level service. Seagate’s portfolio of companies is a testament to its expertise. Its separate yet integrated divisions offer an extensive array of services encompassing land acquisition, entitlements, design, permitting, site development, construction, interior design, sales, leasing, asset and property management and disposition.
For more information, visit seagatedevelopmentgroup.com.
