It’s been a long, long, time, but after a dry spell in residential construction in Southwest Florida, the rooftops are going back up. We’ve written about all the residential construction taking place here to shore up the lack of existing home inventory. But now we are seeing #CRE construction on the rise as well. A new Savon Furniture store of 60,000 square feet opened this spring on US 41 North, just south of Bonita Springs, and a new City Mattress location is under construction on Immokalee Road in North Naples, just east of I-75. Dicks Sporting Goods in also under construction in Naples, adjacent to Costco, and, pending municipal approval, a Walgreens will be built on some of the YMCA property on Pine Ridge Road in Naples. Even some office buildings are going up- on Airport Road just across from Grey Oaks in Naples, and Sunshine Ace Hardware is building a new store at the site of the old Morningstar Music property, which was torn down, in East Naples.
This is in addition to a lot of smaller projects- Culvers Restaurants seem to be popping up all over the area, and there is a new Taco Bell in North Naples, just to name a couple.
The #CRE builders are back too!!