August 11, 2020 · 2020. 8. 10. · MARKET TRENDS SPEAKERS. MARKET TRENDS TEAM. Nelson Taylor,...

Presented by Randy Thibaut and Justin Thibaut of LSI Companies, Inc.

August 11, 2020

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Randy Thibaut is the CEO and founder of LSI Companies, Inc., a full-service real estate firm specializing in the feasibility, develop-ment, acquisition, and disposition of land and improved prop-erties throughout Southwest Florida. Thibaut has been actively involved in the creation, development, sales and marketing of residential and resort developments throughout the area since 1982. He has more than 30 years of experience in the Southwest Florida real estate industry with residential and commercial sales, development, project management, and new home construc-tion. Thibaut has personally brokered over two billion dollars in real estate transactions locally.

Justin Thibaut, a native of Fort Myers, has coordinated the sale of over $150M in land and improved property transactions since joining LSI Companies in 2016. He specializes in commercial real estate analysis and the acquisition and disposition of commercial properties throughout Southwest Florida. With a background in-cluding the planning and construction of major capital projects valued up to $1 Billion in the Nuclear and Oil & Gas industries, Justin brings a new perspective to the local market and insights into how our commercial landscape will grow and transform near-term.

RANDY THIBAUTCEO

LSI COMPANIES, INC.

JUSTIN THIBAUT, CCIMPRESIDENT / PARTNERLSI COMPANIES, INC.

Matt Walsh is the Editor, CEO, and owner of The Observer Media Group Inc., and publisher of the Business Observer. Over the past 25 years, Walsh and his colleagues have grown Observer Media Group to include multimedia operations with 10 weekly news-papers, one daily business paper, six websites, two quarterly life-style magazines, and multiple social media channels. Altogether, the company’s newspapers, websites and social media reach a weekly audience of more than 350,000. Headquartered in Sara-sota, the company employs 100 people around the state. Walsh has been covering Florida business and its economy for 38 years.

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OBSERVER MEDIA GROUP

MARKET TRENDS SPEAKERS

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Nelson Taylor, MRICS, MSRE serves as the Market Research Di-rector for LSI Companies. He focuses on the market analytics of residential and commercial properties throughout Southwest Florida, in order to provide clients with clear market analysis. Nelson has 9 years of real estate experience where he supplied services for a broad range of commercial real estate product types throughout Florida. Nelson has worked directly with cli-ents to develop market-based solutions in response to complex real estate issues for use in strategic asset management, invest-ment analysis, portfolio valuation and litigation.

Richard Yager serves as the Director of Marketing for LSI Com-panies and is responsible for the planning, development, and implementation of all internal and external marketing strate-gies and communications. Additionally, he is heavily involved in the branding and event execution of Market Trends and Mar-ket Watch, two of the largest annual real estate conferences in Southwest Florida. Richard has 14 years of experience in mar-keting and communications and has a degree in Journalism and Mass Communication from the University of Oklahoma.

Rob Mintz, MBA, ALC is the Property Research Manager for LSI Companies. Rob conducts analyses to determine feasibility and valuations of commercial properties and land investments in the Southwest Florida area. Rob has over twenty years of ana-lytic experience and is an Accredited Land Consultant (ALC). He attended Boston University, and also has an MBA from Hofstra University in New York where he is originally from. Rob was for-merly the Director of Research for two prominent commercial real estate firms prior to joining LSI Companies.

RICHARD YAGERDIRECTOR OF MARKETING

ROB MINTZMBA, ALC

PROPERTY RESEARCH MANAGER

NELSON TAYLOR MRICS, MSRE

MARKET RESEARCH DIRECTOR

| 7 |

CHARLOTTE, LEE, AND COLLIER COUNTIESResidential Units Permitted

YEAR ISSUED RESIDENTIAL UNITS(JAN. 1 - JUNE 30)

ISSUED RESIDENTIAL UNITS(YEAR-END)

2017 7,555 13,603

2018 8,175 17,600

2019 6,939 15,910

2020 8,789 ??

2000 - 2020 Trend Line for Residential Permits

View the full Q2 Market Trends report at www.LSIcompanies.com

Data compiled, analyzed and presented by LSI Companies, Inc. The statements and figures presented herein, while not guaranteed,

are secured from sources we believe authoritative.

This proprietary information may not be reproduced without the permission of LSI Companies, Inc.

| 8 |

CHARLOTTE, LEE, AND COLLIER COUNTIES Top Builders by Total Units Permitted

July 1, 2019 – June 30, 2020

RANK BUILDER UNITS TYPE

1 Lennar 2,053

2 Brooks & Freund 1,915 Apartments/ Assisted Living

3 DR Horton 1,693

4 Pulte 1,018

5 Kaufman Lynn Construction 851 Apartments

6 GL Homes 385

7 JHS Builders 360

8 Taylor Morrison 357

9 Thompson Thrift 324 Apartments

10 Deangelis Diamond 318 Apartments

11 Courtelis Construction 318 Apartments

12 Prime Home Builders 312 Apartments

13 NRP Contractors 300 Apartments

14 Essian Construction 228 Apartments

15 CC Devco 219

16 Garrett Construction Company 195 Apartments

17 Maronda Homes 177

18 Stock 174

19 Adams Homes 168

20 Better Spaces Southeast 160 Apartments

21 Habitat for Humanity* 160

22 SN Construction 150

23 Toll Brothers 145

24 Neal Communities 142

25 Gates Construction 123 Apartments

*All Counties

Data compiled, analyzed and presented by LSI Companies, Inc. The statements and figures presented herein, while not guaranteed, are secured from sources we believe authoritative. This proprietary information may not be reproduced

without the permission of LSI Companies Inc.

| 9 |

RANK MULTI-FAMILY BUILDER UNITS TYPE

1 Brooks & Freund 1,915 Apartments

2 Kaufman Lynn Construction 851 Apt./ALF

3 Lennar 805

4 Thompson Thrift 324 Apartments

5 Deangelis Diamond 318 Apartments

6 Courtelis Construction 318 Apartments

7 Prime Home Builders 312 Apartments

8 NRP Contractors 300 Apartments

9 DR Horton 278

10 Essian Construction 228 Apartments

11 Garrett Construction Co. 195 Apartments

12 Better Spaces Southeast 160 Apartments

13 SN Construction 150 Duplex

14 Gates Construction 123 Apartments

15 Manhattan Construction 121 Condos

CHARLOTTE, LEE, AND COLLIER COUNTIESTop Builders by Single Family and

Multi-Family Residential Units PermittedJuly 1, 2019 – June 30, 2020

This chart includes single family attached homes

RANK SINGLE FAMILY BUILDER UNITS

1 DR Horton 1,415

2 Lennar 1,248

3 Pulte 976

4 JHS Builders 360

5 GL Homes 307

6 Taylor Morrison 239

7 CC Devco 219

8 Maronda Homes 177

9 Stock 174

10 Adams Homes 168

11 Habitat for Humanity* 152

12 LGI Homes 105

13 Snyder Construction 91

14 Holiday Builders 88

15 Quality Premier LLC 68

16 Toll Brothers 66

17 Ashton Woods 63

18 Neal Communities 62

19 Metro Home Builders 58

20 DM Dean Inc 57





*All Counties

| 1 0 |

CHARLOTTE, LEE, AND COLLIER COUNTIESTop Communities by Residential Units Permitted

July 1, 2019 – June 30, 2020

RANK COMMUNITY UNITS COUNTY BUILDER

1 Babcock Ranch 467 Charlotte Various

2 Place at Corkscrew 299 Lee Lennar / Pulte

3 Naples Reserve 284 Collier DR Horton / Stock

4 Ave Maria 275 Collier Pulte / CC Devco

5 Arborwood Preserve 198 Lee Lennar

6 Esplanade G & CC 191 Collier Taylor Morrison / Stock

7 Valencia 190 Lee GL Homes

8 Villages at Entrada 172 Lee DR Horton

9 Portico 169 Lee Lennar

10 Tern Bay (Heritage Landing) 160 Charlotte Lennar

11 Orange Blossom Ranch 152 Collier Lennar / Pulte

12 River Hall 146 Lee Various

13 Wildblue 130 Lee Various

14 Waterford 120 Charlotte DR Horton

15 Marblebrook / The Grove 120 Lee DR Horton

16 Lindsford 119 Lee DR Horton

17 Fiddler's Creek 110 Collier Various

18 Plantation / Bridgetown 109 Lee Pulte

19 Bent Creek Preserve 104 Collier Lennar

20 Marina Bay 102 Lee GL Homes

21 Bonita National 100 Lee Lennar

22 Pelican Preserve 99 Lee Lennar

23 Azure at Hacienda Lakes 98 Collier Toll Brothers

24 Westbrook 96 Lee Pulte

25 Seasons 95 Lee DR Horton



| 11 |

CHARLOTTE, LEE, AND COLLIER COUNTIESTop Communities by Single Family Detached

Residential Units PermittedJuly 1, 2019 – June 30, 2020

RANK COMMUNITY UNITS COUNTY

1 Babcock Ranch 311 Charlotte

2 Place at Corkscrew 299 Lee

3 Ave Maria 267 Collier

4 Naples Reserve 226 Collier

5 Villages at Entrada 172 Lee

6 Portico 155 Lee

7 Valencia 150 Lee

8 River Hall 146 Lee

9 Wildblue 130 Lee

10 Isles of Collier Preserve 122 Collier

11 Esplanade G & CC 111 Collier

12 Fiddler's Creek 110 Collier

13 Plantation/Bridgetown 109 Lee

14 Arborwood Preserve 108 Lee

15 Westbrook 96 Lee





| 12 |

CHARLOTTE, LEE, AND COLLIER COUNTIESTop Communities by Multi-Family

Residential Units Permitted*July 1, 2019 – June 30, 2020

RANK COMMUNITY UNITS COUNTY

1 Babcock Ranch 156 Charlotte

2 Tern Bay (Heritage Landing) 138 Charlotte

3 Kalea Bay 121 Lee

4 Orange Blossom Ranch 96 Collier

5 Arborwood Preserve 90 Lee

6 Esplanade G & CC 80 Collier

7 Waterford 71 Charlotte

8 Antillies 68 Collier

9 Omega at Bonita Bay 67 Lee

10 Bent Creek Preserve 60 Collier

11 Naples Reserve 58 Collier

12 Naples Grande London Bay 55 Collier

13 Isles of Collier Preserve 54 Collier

14 Casa Di Fiori 52 Lee

15 Arboretum 52 Collier

*For sale product onlyThis chart includes single family attached homes





| 13 |

SOUTHWEST FLORIDA

NEW HOMESthroughout Southwest Florida from the $100s to over $1M*

239.560.4461 | drhorton.com/swfla

D.R. Horton is An Equal Housing Opportunity Builder. *Home and community information, including pricing, included features, terms, availability and amenities, are subject to change and prior sale at any time without notice or obligation. Pictures, photographs, features, colors, and sizes are approximate for illustration purposes only and will vary from the homes as built. CBC1258802

During these challenging times, Pavese Law is committed to continue serving our clients’ legal needs.

Agricultural • Banking & Finance • Business & Corporate • Civil LitigationCondominium and Homeowners’ Associations • Construction • Employment • Environmental & Water Estate Planning, Probate and Trusts • Land Use & Local Government • Marital & Family • Real Estate

Our experience is your advantage.

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MAIN OFFICEFort Myers - 239.334.2195BRANCH OFFICESCape Coral - 239.542.3148West Palm Beach - 561.471. 1366

www.drhorton.com/swfla

https://www.paveselaw.com/

| 14 |

CHARLOTTE, LEE, AND COLLIER COUNTIESHome Affordability for Median Income Household





Home prices above based upon:• All costs, made into monthly payments• Assuming down payment of 10% of home price• Taxes estimated at 1.2% in Collier, 1.5% in Lee, and 1.4% in Charlotte at 90% of home value less $50k homestead

deduction• Insurance estimated at 1% of home price• Total monthly payment based on 30% rule of thumb

Hom

e Pr

ice

Interest Rate

| 15 |

MEDIAN HOME SALE PRICESCollier County





Collier Single Family Detached MLS

Collier Multi-Family MLS

Pric

ePr

ice

# S

old

# S

old

| 16 |

MEDIAN HOME SALE PRICESLee County





Lee Multi-Family MLS

Lee Single Family Detached MLS

Pric

e

Pric

e

# S

old

# S

old

| 17 |

AIRPORT TRAFFICThrough June 2020

Southwest Florida International Airport (RSW)

Pass

enge

rsPa

ssen

gers

Ann

ual P

erce

ntag

e C

hang

eA

nnua

l Per

cent

age

Cha

nge

Punta Gorda Airport (PGD)



| 18 |

NATIONWIDE CONSTRUCTION MATERIALSPrice Change

Source: U.S. Department of Labor – Producer Price Index



| 19 |

NATIONWIDE CONSTRUCTION MATERIALSPrice Change

Source: U.S. Department of Labor – Producer Price Index



| 2 0 |

Sale Date County City Project Name/Location Seller Buyer Price AcresPrice per

AcreUnits /

LotsPrice per Unit/Lot

Comments

7/15/19 Lee Fort MyersCarlton of Fort

Myers/Metro ParkwayColonial at Metro,

LLPMahaffey Associates

Fort Myers, LLC$6,000,000 43.4 $138,249 442 $13,575 Apartment project

7/15/19 Charlotte Punta Gorda

Sandhill Boulevard/I-75 Sandhill Acquisitions, LLC

JBCC Sandhill, LLC $1,500,000 31.1 $48,294 114 $13,158 Sandhill Preserve (Active Adult Community)

7/17/19 LeeBonita Springs

Seasons at Bonita SpringsForestar (USA) Real

Estate GroupDR Horton Inc. $3,835,350 34 $112,804

Developed lots within the Seasons at Bonita Springs

Community

7/19/19 Lee Fort Myers Murano at Three Oaks Paul FreemanMurano at Three

Oaks Associates, LLC$5,848,000 17.5 $334,745 318 $18,390

Courtelis Development - Apartment Site

7/24/19 Lee EsteroEstero Grande

Sprouts/19990 S Tamiami Trail

Estero Grande, LLCEstero Parkway

Investment Partners, LLC

$2,500,000 3.8 $660,67729,896 Sq. Ft. Sprouts grocery store planned,

construction loan issued

7/30/19 LeeFort Myers

Beach

2000 Main Street/Southside of Main

StreetBallard Inc.

FMBalland, LLC (Ocean Properties)

$4,950,000 3.7 $1,348,774

Ocean Properties is a hotel developer and operator,

plans for the site are not yet known

7/30/19 Lee Cape CoralKismet Industrial Park

Land/2313 NE 24th Ave.Kismet Industrial

Park, LLCKismet Land Trust

(Alex Diaz)$2,300,000 18.1 $126,862

Industrial zoned along future Kismet Parkway Expansion, owner provided financing $1.3MM balloon in August

2022

8/1/19 LeeFort Myers

ShoresRaceTrac Gas Station/SR31

& Palm Beach BoulevardAM & GW, LLC

RaceTrac Petroleum Inc.

$1,100,000 2.7 $405,456Gordon Center Lot 1,

RaceTrac gas station site

8/1/19 Desoto Unincorporated

Sonoma Preserve/Kings Highway

Sonoma Preserve, LLC

SBL Associates, LLC $9,000,000 524.0 $17,176 900 $10,000 Planned manufacture home community

8/5/19 LeeNorth Fort

MyersEnclaves/ E of Bayshore

Road, NS of Donald RoadEnclaves

Investment, LLCPULTE HOME

COMPANY LLC$3,008,000 57.1 $52,680 188 $16,000

Approved Residential Community with 188 units

8/6/19 Collier NaplesMeadowood/S of

Immokalee Rd, WS of Collier Blvd.

Ali R. Ghahramani, MD

DR Horton Inc. $7,500,000 37.6 $199,574 228 $32,895TH Product, 38 buildings, 6

units a building


Former Lowes Site/10550 Bonita Beach Road SE

Lowes Home Center Inc.

D Pizzuti, LLC $5,500,000 22.6 $243,148

Approved for 136,592 square feet of commercial

floor area. Future plans not known

8/12/19 Lee Cape CoralFirestone/905 Del Prado

Blvd. NLawrence Kitsberg

Palmetto Cape Coral Pine Island Rd, LLC

$899,000 0.9 $1,050,2166,519 SF Firestone Auto Care, Construction Loan

Funded.

8/13/19 Collier Naples 4001 Tamiami Trail E Ki-Li Associates, LLCNeptune Naples,

LLLP$2,800,000 5.8 $479,452

C-3 Zoned site, partially filled, planned for a Keiser

University

8/13/19 Lee Fort Myers16281 Domestic Avenue,

North of Alico RoadHMTW Land Fund I,

LLCGH Domestic Ave,

LLC$2,895,000 23.4 $123,824

Industrial parcel within the Alico 250 industrial park

8/20/19 Collier NaplesHamilton Place/ S of Pine

Ridge ES of Livingston Road

MultipleToll Southeast LP

Company, Inc.$2,521,620 10.0 $252,162 66 $38,206

Hamilton Place 66 TH 24' lots

8/21/19 Collier Naples Naples Reserve / Sutton Cay

SFI Naples Reserve, LLC

D.R. Horton $13,547,400 101 $134,133 101 developed lots


28120 S Tamiami Trail/SWC of Bonita Beach

Rd & 41Walgreen Co Encore - Bonita, LLC $650,000 1.5 $427,632

Parcel split off from existing Walgreen's, site restricted to maximum building of 4,000

SF

8/29/19 Charlotte Punta Gorda

861 Tamiami Trail/SEC of Toledo Blade & 41

Walgreen Co MHM 41-Toldeo Blade, LLC

$1,000,000 1.9 $524,522 Zoned CG/ FLUM Murdock Village Mixed Use

8/30/19 Lee Fort Myers

Verandah (Magnolia)/Palm Beach Boulevard & Verandah

Boulevard

KH Verandah LLCNeal Communities

of Southwest Florida, LLC

$3,927,000 51 $77,00051 55' lots, $1,400 per Front

Foot

*Representative Sample

Data compiled, analyzed and presented by LSI Companies, Inc. The statements and figures presented herein, while not guaranteed, are secured from sources we believe authoritative. This proprietary information may not be reproduced without the permission of LSI Companies Inc.

REPRESENTATIVE LAND TRANSACTIONS Q3 2019 - Q2 2020*

| 21 |


AcreUnits /


Comments

9/3/19 Lee Fort MyersLot F-3 International

Commerce Park/ 14450 Global Parkway

Jenisa Investments, LLC

14550 Global Parkway, LLC

(Seagate Development)

$1,074,582 4.1 $261,36041,910 SF Office/Warehouse

Planned

9/10/19 Lee Bonita Springs

Seasons at Bonita Springs Forestar (USA) Real Estate Group

DR Horton Inc. $2,617,420 27 $96,941 27 Developed Lots, 23 40' 3 50' $2,358 Per FF


Seasons at Bonita SpringsSHR Bonita Springs,

LLCFORESTAR USA REAL ESTATE GROUP INC

$16,000,000 264 $60,606Remaining Developable Land

within Seasons at Bonita Springs

9/10/19 Lee Cape Coral 1701 Old Pondella RoadLG Pine Island &

Pondella, LLCContinental 473

Fund, LLC$975,000 3.5 $274,774 109 $8,945

4-Story 109 Room Fairfield by Marriott Inn & Suites

9/12/19 Lee Fort Myers 4340 Kernel CircleFlorida Warehouse

Developers, LLCU-Haul Co. of

Florida$795,000 1.5 $519,982

Proposed for 22,000 SF of storage-condos

9/16/19 Lee Estero22904 Lyden Drive/Across

From Coconut PointeTulip Associates, LLC

JDM Development Coconut Trace, LLC

$675,000 1.2 $562,500 Commercial Pad Site

9/19/19 Collier Naples Naples Reserve Forestar (USA) Real Estate Group

DR Horton Inc. $3,525,724 30 $117,524 30 Developed Lots within Naples Reserve Phase III

9/20/19 Lee EsteroCorkscrew Shores/

Southside of Corkscrew Road

Corkscrew Lakes LLC (Cameratta)

PULTE HOME COMPANY LLC

$3,738,600 25 $149,54425 Developed Lots within

Corkscrew Shores

9/25/19 Lee Cape CoralLand surrounding VA

Clinic along Corbett Road & NE 24th Ave.

Florida Properties I, LLC

Alex Diax (Ludlum & Miramar Land Trust)

$8,600,000 115.0 $74,783Bought in two transactions

totaling 8.6 MM. Land Zoned CC w/ PIRD FLUM.

9/27/19 Lee Fort MyersArborwoods MF Land/ Treeline & Plantation

Gardens DriveFVP Treeline, LLC SP Plantation, LLC $5,050,000 33.9 $148,924 396 $12,753

Two non contiguous parcels along Treeline, North Parcel 84 units, south parcel 312

MF units.

9/27/19 Lee Fort Myers7/11 Bayshore Planning Community/SWC of N

River Road/S.R. 31

Snowlick Mountain Ranch, LLC

38285 NFM FL LLC (Creighton)

$850,000 2.1 $398,6867/11 Proposed by Creighton

Construction

9/30/19 Lee Fort MyersSanibel Passage/NS of

McGregor Boulevard near Sanibel Causeway

Sanibel Passage Land Holdings, LLC

PRH Sanibel, LLC (Related Group)

$2,850,000 200.5 $14,217 50 $57,000Proposed construction of 50

dwelling units: 15 floors

9/30/19 Collier NaplesManatee Cove / NS of Manatee Road & SS of

Tamiami Trail E.

Argo Manatee Collier, LP

Pulte Home Company, LLC

$4,625,000 90 $51,389

Phase 1 of 3 phase 164 unit SF community, 90 lots in

phase 1 of 40 and 50' totaling 4,040 FF

10/2/19 Lee Fort MyersVerdana MPD/SS of

Corkscrew Road Pan Terra Holdings,

LTD.TPL-LAND SUB, LLC

(Cameratta)$33,000,000 1442.8 $22,872 1,460 $22,603

Approved for 1,460 residential units. Part of the

Verdana Village. Surface Rights extinguished for 2%

of purchase price

10/2/19 Lee Fort Myers14181 Treeline Ave/ES of Treeline Ave across from Global Parkway Entrance

Airport Gateway LTD, Treeline 18, LLC

& Hartemink J/D

Treeline Assemblage, LLC

(Knott Realty Group)$5,858,258 37.1 $158,118

Assemblage of five parcels, Tradeport Future Land Use/

Treeline Commerce Park 335,000 SF of Comm/Ind.

10/2/19 Lee Fort Myers8151 Alico Road/WS of

Domestic Ave & Alico Rd.Joe & Bruce, LLC

Linder Industrial Machinery Company

$2,350,000 10.4 $227,053Zoned IL, 330 feet of

frontage along alico, 1,400 along Domestic Ave

10/3/19 Lee Cape CoralSafstore Skyline/WS of Skyline Road south of

Homed Depot

Commonwealth Foundation for

Cancer ResearchSAFstor Skyline, LLC $1,275,000 2.3 $550,289

Self Storage Facility 33,735 SF

10/3/19 Lee Fort MyersTown Fort Myers

Apts/7922 Dani Drive / south of Colonial Drive

Shops at Village Walk, LLC

(Benderson)

RD Town Village Walk, LLC (Related

Group)$7,900,000 22.2 $355,536 384 $20,573

384 unit MF apt project along Six Mile, construction

loan funded




| 2 2 |


AcreUnits /


Comments

10/7/19 Lee Fort MyersArborwood Village CPD/

W of Treeline NS of Daniels Parkway

DP-TA Associates LTD

FMFL Hotel Partners, LLC

$1,475,000 2.6 $567,308 120 $12,292Proposed for Hotel

development

10/7/19 Lee Fort MyersEncore at the Forum/

South of Mosaic Apartments in the Forum

Champion Development Corporation

EMF FM Forum, LLC (Encore Enterprises)

$4,896,000 12.8 $382,500 288 $17,000Encore Enterprises plans a 288 unit apartment project

within the Forum

10/8/19 Lee Cape Coral2301 SW Pine Island

Road/ NS of Pine Island Road W of Chiquita Blvd.

Florida Properties III, LLC

Surfside Corner, LLC $6,250,000 122.0 $51,230 PIRD Future Land Use

10/9/19 Lee Cape Coral

4330 Burnt Store Road/NWC of Durden Parkway & Burnt Store

Road

Cape Coral Partners, LLC

Durden 28, LLC $1,100,000 28.5 $38,610Adjacent to the Resort at Tranquility Lake RV Park

10/15/19 Lee Fort Myers16100 Lee Road/NS of Alico Road / WS of Lee

Road16100 Lee Road, LLC

Amedicus Partners, LLC

$1,115,500 6.7 $165,997Approved Industrial

Development (Alico Road 250 Subdivision)

10/31/19 Lee Fort MyersCenterplace at Lake Club/E

of Ben Hill S of AlicoAlico West Fund,

LLCCenter Place Apartments

$7,500,000 23.8 $315,126 300 $25,000300 Unit apartment project,

construction loan funded

11/8/19 CharlottePunta Gorda

Waterford EstatesMaxcy Development

Group HoldingsDR Horton Inc. $5,138,050 163 $31,522 Developed Lots

12/2/19 Lee Fort MyersCoastal Key West/ 17860

Winkler RoadHeartwood 23, LLC

Neal Communities of Southwest Florida, LLC

$2,750,000 19.3 $142,413

Proposed SF residential community, previous eagle

affected site plan along with mineral reservations


Bonita Grande MPD/NWC of Bonita Grande Dr. &

Bonita Beach RoadSFI Eagle Land, LLC

Lynx Zuckerman at Bonita Grande, LLC

$4,750,000 67.5 $70,370Proposed for mixed use

development


Babcock Ranch LotsBabcock Ranch

Property Holdings, LLC

Meritage Homes of Florida, Inc.

$2,420,000 44 $55,000forty-four developed lots

within Babcock Ranch

12/9/19 Lee Fort MyersMiromar

Development/SEC of Ben Hill Griffin & Alico

Steward Slough Cattle Company, LLC

ML Resort Parcel, LLC

$11,500,000 22.0 $523,918110 Residential Units and

amenities


Babcock Ranch Lots/LandBabcock Ranch

Property Holdings, LLC

PULTE HOME COMPANY LLC

$2,490,000All of Babcock Ranch

Community Edgewater

12/12/19 Lee Cape Coral SW 3rd Place & SW Pine Island Road

Vellero Holdings, LLC

Cape Crusader 1114, LLC

$7,375,000 12.5 $590,000 HCA Hospital Purchase

12/12/19 Lee Fort MyersTerminal Access Park/ 75 & Terminal Access Road

Sarah Mercedes Rodriguez

Terminal Access Park, LLC (Knott

Realty)$5,700,000 122.8 $46,436 Tradeport Future Land Use

12/5/19 Lee Fort MyersEchelon Forum/Dynasty

Drive along Colonial Blvd.

Champion Development Corporation

Echelon Forum, LLC $4,250,000 8.8 $482,955 195 $21,795Proposed Apartment

Complex within the Forum DRI

12/27/19 Lee Cape CoralJudd Creek/ Southside of Pine Island Road, west of

41VK Judd Creek, LLC

Continental 466 Fund, LLC

$3,200,000Proposed Apartment

Complex


Biscayne 130/El Jobean Adjacent to Murdock

Village

Lux Biscayne Properties, LLC

Lennar Homes, LLC $3,500,000 125.9 $27,793 358 $9,777Planned Subdivision by

Lennar Homes

12/30/19 Lee Fort MyersSilver Hills/2220 West First

Street2220 West First

Street, LLCESH Fort Myers, LLC $12,500,000 5.5 $2,264,493 387 $32,300

Proposed 327 Unit MF Apartment Project on 4.46

Acres W/ TIF Financing 1.06 Acres Planned For 60 Condos




| 2 3 |


AcreUnits /


Comments

1/2/20 Lee Fort MyersNWC of Bayshore Road & I-

75Bayshore Lee, LLC HYFT Bayshore, LLC $3,750,000 43.0 $87,120

Mixed use development industrial, future RaceTrac

Gas Station


Charlotte Commons Apartments

Charlotte Commons Venture, LLC

Charlotte Commons Apartments, LLC

$3,588,500 16.0 $87,120 265 $13,542Proposed Apartment

complex near Peachtree Boulevard & I75

1/6/20 Lee Fort MyersAloia Parcel/ Treeline & Terminal Access Road

Aloia TrusteesTerminal Access Park, LLC (Knott

Realty)$8,000,000 68.0 $87,120 Tradeport Future Land Use

1/9/20 Lee Fort MyersNeoGenomics/ Gulf Coast

Business CenterPaul Freeman Seagate - Alico I, LLC $5,349,317 13.7 $389,892 250,000 $21

NeoGenomics Headquarters site, allocated 250,000 SF of

Commercial/Office Floor Area

1/14/20 Collier Naples

Argo Livingston/ S of Veterans Memorial

Boulevard WS of Livingston Road

Enclave-Livingston, LLC

Argo Livingston, LP $10,050,000 40.6 $247,842 77 $130,519Planned SF Community W/

77 66' lots.

1/16/20 Collier NaplesEnbrook/SS of Manatee

Road E of Collier Boulevard

Rimar Enterprises, Inc.

FORESTAR USA REAL ESTATE GROUP INC

$9,500,000 66.4 $143,137 298 $31,879298 unit35' Twin-Villa

Community

1/22/20 Lee Fort MyersRiver of Life Assemble /

WildBlue Entrance Corkscrew Road

Alico East Fund, LLCRiver of Life

Assembly of God$1,400,000 9.8 $142,743

River of Life Assembly Future Church

1/27/20 Lee Fort Myers 9950 Interstate Commerce Park

SLF IV - FL Bonita Alico, LLC

Alico Road, LLC $1,300,000 2.6 $509,804 Planned Retail Strip, 7,953 and 8,000 SF

1/28/20 Lee Fort MyersCypress Woods RV Resort

/ N of Luckett S of Tice Street

5551 Luckett RoadLaguna Caribe at

Cypress Woods, LLC$2,425,000 35.6 $68,118 137 $17,701

Planned RV Park, water management pond in-place

1/31/20 Collier Naples Naples Reserve / Crane Point & Bimini Isle


SDNR, LLC $4,947,600 31 $159,600 Developed Lots within Naples Reserve

1/31/20 Lee Fort MyersCypress Village / ES

Winkler Ave / S of ColonialSteven Weisberg Blue Casl II, LLC $1,300,000 3.8 $340,315 95 $13,684

5-Story apartment building, affordable

1/31/20 Collier Naples Naples Reserve / Crane Point & Bimini Isle


SDNR, LLC $13,406,000 84 $159,595 Developed Lots within Naples Reserve

2/13/20 Lee Cape CoralThompson Thrift/ Del

Prado & Pine Island Road

Little Star Development, LLC &

multiple

Pine Island Cape Coral FL, LLC

(Thompson Thrift)$6,095,500 10.4 $587,801

Redevelopment of Multiple Parcels into Shops on Pine

Island

2/14/20 Collier Naples Naples Reserve / Coral Harbor


DR Horton Inc. $1,893,559 26 $72,829 Developed attached lots within Naples Reserve

2/20/20 Lee Fort Myers 7-Eleven Luckett / NWC of I-75 & Luckett Road

Luckett Landing, LLC 3885 Luckett FL, LLC (Creighton)

$1,590,000 2.9 $542,662 7-Eleven Gas Station, 20 Pumps

3/4/20 Lee North Fort Myers

Brightwater Residential Development

North Brook Holdings, LLC

DR Horton $1,771,000 33 $53,667 33 Lots totaling 1,610 FF equaling $1,100 per FF

3/9/20 Collier NaplesFounders Square /

Immokalee Road & Collier Boulevard

BCHD Partners II, LLC

DD Pelican, LLC $9,800,000 25.6 $383,562 400 $24,500400 unit planned apartment

project

3/19/20 Lee Cape Coral Safstore Chiquita /4132 Chiquita Boulevard S.

Newcom Real Properties, LLC

Safstor Chiquita, LLC $1,416,000 3.0 $480,000 Planned Storage Facility

3/20/20 Lee Fort MyersGulf Coast Business Center/ 9599 Gulf

Research LanePaul H. Freeman SBRC Holdings, LLC $2,909,554 8.4 $348,450 60,000 $48

Scotlynn Office Building, 80,000 square feet allocated

for development


East of Tamiami Trail NS of Harborview Road

MultipleFamily Health

Centers of SWFL$2,600,000 15.6 $166,560

Comp Plan and rezoned prior to closing for use as

health center site

4/20/20 Lee Fort Myers Hibiscus - Orchid Isle / Michigan Ave & Ortiz

RHS Urban LLC BDG Hibiscus Apartments, LP

$1,200,000 6.1 $195,759 96 $12,500 four 24 unit three story MF buildings

4/22/20 Lee Fort MyersThree Oaks Market Place /

NS of Alico West of I-75

Sanford Horowitz/Alan C.

Freeman

BW Alico Three Oaks, LLC

$1,650,000 2.5 $654,762 Planned WaWa Gas Station




| 2 4 |


AcreUnits /


Comments

4/27/20 Lee Fort MyersLegacy Gateway TH / N of

Daniels Serenity Lake Drive

Bell Gateway Investments, LLC

Fort Myers Gateway, LLC

$2,800,000 20.9 $133,676Planned Townhome

Community

5/13/20 Lee Fort MyersNS of Kelly Road

Connection to SS of McGregor Boulevard

R3C, LLCMahanna Breeze,

LLC$1,200,000 8.1 $147,601

Affordable housing project, applicant seeking bonus density for a total of 116

unit project

5/15/20 Lee Fort Myers 2543 First StreetCompass USA SPE,

LLCSoho Sight, LLC $3,000,000 2.0 $1,500,000

Proposed multistory apartment project along the

river in downtown Fort Myers

5/28/20 Lee LehighBlackStone Drive 7/11 / SR 82 East of Alabama Drive

HML of Lehigh Acres, LLC

38303 Lehigh Acres, LLC

$1,000,000 2.4 $413,224 Planned 7/11 Gas Station

5/28/20 Collier NaplesTreefarm PUD / WS of Collier Boulevard N of

Immokalee Road

TBC Tree Farm 2, LLC

WPPI Naples TF, LLC $6,435,000 18.5 $348,592 286 $22,500Planned 6 building apartment project

6/3/20 Lee Cape CoralPalms at Cape Coral /

Nelson Road / SW Pine Island Road

Nelson Road 2005, LLC

701 SW Pine Island Road, LLC

$2,500,000 10.0 $250,000Planned 280 Unit on 14.5 acres MF Project, 10 acres

sold

6/9/20 Collier NaplesTollgate Commercial

Center /N of Beck Blvd. E. of Collier Boulevard

Hoffman Naples Tollgate, LLC

Creekside Tollgate, LLC

$4,300,000 9.8 $437,436Platted Industrial Land

visible from I75

6/25/20 Lee Cape Coral 1401 SW Pine Island Road Inge Properties, Inc. GNS Holdings, LLC $1,840,000 6.5 $283,295 Planned Grocery Store

6/26/20 Collier NaplesTreefarm PUD / WS of Collier Boulevard N of

Immokalee Road

TBC Tree Farm 2, LLC

Habitat for Humanity of Collier

County$2,916,475 18.5 $157,989 120 $24,304

Planned 120 unit habitat community

6/29/20 Lee Fort Myers River Hall Country Club RH Venture III, LLC Pulte Home Company

$1,955,405 25 $78,216 24 70' Lots in Block A 1 55 Lot in Block B

7/1/20 Lee Fort Myers

Verandah (Edgewater Trace)/Palm Beach

Boulevard & Verandah Boulevard

KH Verandah, LLCNeal Communities

of Southwest Florida$2,415,000 23 $105,000

23 70' lots Within the Verandah Community

7/9/20 Lee Cape CoralNE 19th Ave & Pondella

RoadMerits Holding Company Inc.

Spacebox Cape Coral, LLC

$1,000,000 5.5 $180,962

Planned for self-storage facility, construction permits

issued, NEC to remain developable

7/15/20 Collier NaplesFounders Square /

Immokalee Road & Collier Boulevard

BCHD Partners II, LLC

Founders Storage / Childcare

McFarland, LLC$2,650,000 2.3 $1,152,174

110,000 SF 3-Story climate controlled storage facility

7/17/20 Lee Fort MyersPlantation & Crystal Drive

/ 2601 Crystal Dr.Crystal Plantation,

LLCJM&J Leasing Fort

Myers, LLC$1,075,000 4.4 $242,117

Planned for a 16,155-SF single-story single-tenant

light industrial facility with a 52,039-SF gravel area to be

utilized for storage

7/24/20 Lee Fort MyersArborwood Village Tract

1/WS of Treeline N of Daniels

Treeline 200, LLCPremium 200

Treeline Avenue, LLC

$2,000,000 10.0 $200,000 156 $12,821

156 MF units can be converted to retail, office,

hotel or ALF, part of Arborwood Village CPD

7/30/20 Lee Fort Myers Hibiscus - Orchid Isle / Michigan Ave & Ortiz

RHS Urban LLC AGPM Acquisitions, LLC

$800,000 6.7 $119,403 44 $18,182 7 / 8 Unit Condo Buildings




| 2 5 |

Elevation 2

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ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY CHAPTER 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE.

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| 2 6 |

COMMERCIAL ANALYTICS - RETAILQ2 2020





*Rents shown above are considered triple net

Collier County Retail Space

| 2 7 |

COMMERCIAL ANALYTICS - RETAILQ2 2020


without the permission of LSI Companies, Inc.

Lee County Retail Space

Charlotte County Retail Space

| 2 8 |

COMMERCIAL ANALYTICS - INDUSTRIALQ2 2020





Collier County Industrial Space

*Rents shown above are aggregated

| 2 9 |

COMMERCIAL ANALYTICS - INDUSTRIALQ2 2020



Lee County Industrial Space

Charlotte County Industrial Space

| 3 0 |

COMMERCIAL ANALYTICS - OFFICEQ2 2020





Collier County Office Space

*Rents shown above are gross rents

| 31 |

COMMERCIAL ANALYTICS - OFFICEQ2 2020



Lee County Office Space

Charlotte County Office Space

| 3 2 |

http://www.ehcconstruction.com/

https://www.bolanostruxton.com/

| 3 3 |

Date Sector Building Type Project Name Permit Value Building Area (Sq. Ft.) Site AddressAug-19 Healthcare Freestanding Single Story EMS within Hacienda Lakes $2,100,000 5,061 3675 The Lords WayMay-20 Office Medical Physicians Regional Medical 4 Story Medical Office $11,688,144 107,412 6376 Pine Ridge RoadJun-20 Office Medical Two-Story Medical Office Building $8,600,000 34,275 8831 Founders Square DriveJan-20 Office Office 3-Story Lutgert Professional Center $6,500,000 44,583 4850 Tamiami Trail N.Feb-20 Office Office Olympia Park Plaza $2,000,000 24,016 2340 Vanderbilt Beach RoadJul-19 Residential Residential Amenity Wellness Center Royal Wood Country Club $1,700,000 9,700 4304 Royal Wood Boulevard

Aug-19 Residential Residential Amenity Briarwood Apartments Clubhouse $2,820,000 8,743 10200 Sweetgrass CircleAug-19 Residential Residential Amenity Caribbean Park Amenity Center $2,000,000 7,180 1 Sunrise Boulevard Jun-20 Residential Residential Amenity Heritage Bay Golf & Country Club Café $1,200,000 5,065 10166 Heritage Bay BoulevardDec-19 Retail Car Dealership Two-Story Country Motor Cars of Naples - Ferrari $12,600,000 53,651 11291 Tamiami Trail NMar-20 Retail Car Dealership Germain BMW One Story Dealership & Service Facility $5,500,000 28,489 3707 Davis BoulevardSep-19 Retail C-Store WaWa Gas Station - Naples South Plaza $915,400 6,436 4939 Tamiami Trail EMar-20 Retail Freestanding Firestone Complete Auto Care $1,200,000 5,697 4070 Pine Ridge BoulevardMay-20 Retail Freestanding Mixed Use Retail Strip $850,000 10,846 13600 Immokalee RoadDec-19 Retail QSR PDQ Restaurant $500,000 2,782 5088 Airport Road N.Aug-19 Retail Restaurant Audubon Country Club Courtside Café $3,000,000 15,781 625 Audubon BoulevardFeb-20 Retail Restaurant Restaurant Row Building 6 $600,000 5,796 6485 Collier BoulevardFeb-20 Retail Restaurant Wendy's Restaurant $500,000 2,905 13030 Tamiami Trail E.Nov-19 Retail Shopping Center Gateway Shoppes at North Bay Shell Building $380,000 8,115 13565 Tamiami Trail NJan-20 Retail Strip Center Shops at Hammock Cove $1,000,000 6,533 5040 Tamiami Trail E.Sep-19 Self Storage Self Storage Single-Story Self Storage Building 1 & 2 $1,800,000 32,820 14970 Old 41Sep-19 Self Storage Self Storage Single Story Self Storage - Ave Maria $960,326 35,822 5324 Useppa DriveOct-19 Self Storage Self Storage Single Story Self Storage - Ave Maria $1,260,120 55,937 5320 Useppa Drive, Ave MariaJun-20 Self Storage Self Storage 3-Story Self Storage Building $5,560,000 94,201 13191 Tamiami Trail EJun-20 Specialty Fire Station Fire Station and Admin offices for Fire, EMS & Sheriff $7,127,063 22,869 5368 Useppa Drive Ave MariaAug-19 Specialty Parking Garage Ritz Carlton 3 Level Parking Garage (232 Stalls) $5,133,998 74,711 280 Vanderbilt Beach RoadOct-19 Specialty Public Welcome Center Collier Sports Complex $2,010,970 14,019 3940 City Gate BoulevardNov-19 Specialty Public Collier County Park Near Fairgrounds $16,679,000 60,701 810 39th AveMar-20 Specialty Public Food Truck Pavilion For Collier Sports Complex $1,800,000 7,120 3920 City Gate Boulevard N.Apr-20 Specialty Public Collier Sports Complex $10,000,000 28,132 3865 City Gate Boulevard S.Dec-19 Specialty Restaurant St Matthews House Restaurant & Dining Room $2,735,000 7,993 2125 Airport Road S.Nov-19 Specialty School Community School of Naples Science Building $6,500,000 26,443 13275 Livingston RoadNov-19 Specialty School 2-Story Keiser University $6,000,000 41,156 3909 Tamiami Trail EastMar-20 Specialty School Facilities Naples Community School Athletic Fields $4,100,000 3,088 13275 Livingston RoadJun-20 Specialty Storage Store Fire Gear and Fire District Vehicles $1,401,458 5,431 5362 Useppa Drive Ave Maria

Source: LSI


COMMERCIAL PERMITTING ACTIVITYCOLLIER COUNTY | Q3 2019 - Q2 2020

| 3 4 |

Date Sector Building Type Project Name Permit Value Building Area (Sq. Ft.) Site AddressOct-19 Healthcare Freestanding Shell Point Health Center - Skilled Nursing Center $46,381,215 18000 Shell Point PlazaJul-19 Industrial Flex Quality Cabinets Gray Shell Building $1,200,000 19,800 7869 Drew CircleOct-19 Industrial Flex Florida Cancer office/distribution building $4,000,000 40,000 14543 Global ParkwayOct-19 Industrial Flex Office/Warehouse Lexington Commerce Center $450,000 14,982 4750 Lexington AvenueNov-19 Industrial Flex Office/Warehouse Backbay Center $300,000 7,200 12360 Crystal Commerce LoopDec-19 Industrial Flex Hotsy Pressure wash Office/Warehouse $400,000 6,700 6040 Landing View RoadJan-20 Industrial Flex Conditioned Air Office/Warehouse $3,421,732 41,910 14550 Global ParkwayJan-20 Industrial Flex Gator Golf Cars Retail and Service Building $950,000 9,052 14519 Global ParkwayJul-19 Industrial Hangar Wings on Danley Hangar $500,000 451 Danley DriveOct-19 Industrial Hangar JCP Leasing Hangar $669,500 8,800 2394 N Airport RoadJul-19 Industrial Warehouse Premier Airport Park Warehouse 2B $3,900,000 106,836 16240 Airport Park

Aug-19 Industrial Warehouse Metal Warehouse Building $550,000 16,093 6201 Topaz CourtNov-19 Industrial Warehouse Gray Shell Office/Factory Building $750,000 12,285 5621 Zip DriveJan-20 Industrial Warehouse Gulf Coast Industrial Campus Building 4 $2,746,240 44,800 16150 Lee RoadMar-20 Industrial Warehouse Alico Business Park $2,500,000 58,983 16311 Domestic AvenueMar-20 Industrial Warehouse Knott Southwest International Commerce Park $3,175,000 44,179 14601 Jetport LoopApr-20 Industrial Warehouse Alico Business Park $1,250,000 29,883 16291 Domestic AvenueMay-20 Industrial Warehouse Knott Southwest International Commerce Park $3,950,000 54,979 14651 Jetport LoopMay-20 Industrial Warehouse Knott Southwest International Commerce Park $3,175,000 44,179 14661 Jetport LoopMay-20 Industrial Warehouse Shell Building Alico Road Business Park $200,000 15,200 16111 Lee Road Jun-20 Industrial Warehouse Premier Airport Park 1A $3,900,000 106,000 16171 Premier Park DriveJul-19 Lodging/Resort Hotel Holiday Inn Express - 80 rooms $7,393,317 47,521 11171 Summerlin Square Drive

Nov-19 Lodging/Resort Hotel 4-Story 123 Room Home 2 Suites $7,000,000 73,077 10400 Airkraft CourtOct-19 Office Freestanding FineMark Bank Headquarters $17,000,000 65,249 8695 College ParkwayApr-20 Office HQ Neogenomics Building 1, 2 & 3 $37,700,000 75,000 9490 Neogenomics WayAug-19 Office Medical Heartland Dental Summerlin Ridge $719,080 4,216 16159 Myriad LaneJun-20 Office Medical Family Health Centers Summerlin $7,000,000 36,300 11100 Summer Ridge LaneJul-19 Office Office Seagate Office Building $2,000,000 12,966 9921 Interstate Commerce Park

Aug-19 Residential Residential Amenity Club at Gateway Dining & Fitness Addition $3,659,000 26,960 12091 Gateway GreensMar-20 Residential Residential Amenity Wildblue Sports Center $2,000,000 13,801 18701 Wildblue BoulevardJun-20 Retail Auto parts AutoZone Part Stores $675,000 7,385 83 Joel Boulevard Lehigh AcresApr-20 Retail Bank Fifth Third Bank $750,000 2,440 11550 Majestic Palms BoulevardFeb-20 Retail Car Dealership Jaguar Land Rover Dealership $6,500,000 58,419 15875 S Tamiami TrailJul-19 Retail C-Store 7-Eleven C-Store & Gas Station $324,876 2,720 6715 Winkler RoadOct-19 Retail C-Store Murphy Fort Myers Gas Station $500,000 1,200 17061 San Carlos BoulevardOct-19 Retail C-Store 7-Eleven C-Store $250,000 3,110 18971 SR 31Jan-20 Retail C-Store RaceTrac at Palm Beach Boulevard $900,000 6,081 12050 Palm Beach BoulevardMar-20 Retail C-Store 7-Eleven C-Store $250,000 4,633 5951 Enterprise ParkwayJun-20 Retail C-Store 7-Eleven C-Store $250,000 3,520 76 Blackstone DriveMar-20 Retail Daycare Busybee Daycare $785,000 6,288 505 Sunshine BoulevardNov-19 Retail Discount Retailer Dollar General $400,000 7,555 544 Meadow Road, Lehigh AcresOct-19 Retail Freestanding Indoor Batting Cages Shell Building $1,300,000 21,000 14607 Ben C. Pratt Six Mile Cypress ParkwayOct-19 Retail Freestanding Golf Training Center $235,000 1,408 12855 Renaissance WayFeb-20 Retail Freestanding ABC Liquor Store $1,372,500 10,980 10981 Saxum DriveFeb-20 Retail Freestanding American Outdoors Recreation Building $650,000 4,600 16900 S Tamiami TrailMar-20 Retail Freestanding Alico Retail Center $1,500,000 11,950 16421 Corporate Commerce WayMay-20 Retail Freestanding Senyah Commercial Building $150,000 2,100 5421 Lee StreetAug-19 Retail QSR Shell Building for Starbucks $400,000 2,000 8595 College ParkwaySep-19 Retail QSR Burger King Restaurant $828,465 4,020 1160 Homestead Road N, Lehigh AcresJun-20 Retail QSR Panda Express $467,019 2,334 16421 Corporate Commerce WaySep-19 Retail Restaurant Cypress Trace Plaza Shell Building - Pizza Shop $500,000 3,700 13300 S Cleveland AvenueJan-20 Retail Specialty Pop-Stroke Mini Golf Course $1,250,000 6,900 5531 Six Mile Commercial CourtJun-20 Self Storage Boat Storage Marine Max Boat Storage $1,500,000 18,728 14010 McGregor BoulevardJun-20 Self Storage Car Storage Island Storage Man Caves $630,000 9,918 10950 Old South WayJun-20 Self Storage RV/Boat Storage Jetport RV & Boat Storage $1,666,665 100,281 14600 Jetport LoopJul-19 Self Storage Self Storage Lock Up Self Storage 4-Story $5,000,000 106,016 12700 University DriveApr-20 Self Storage Self Storage Island Storage Suites $816,000 12,650 10952 Old South WayApr-20 Specialty Airport RSW Airport Traffic Control Tower $44,000,000 11000 Terminal Access RoadSep-19 Specialty Church Good Shepherd Admin Building $1,000,000 4,867 2951 Trail Dairy CircleMar-20 Specialty Church Lehigh Kingdom Hall $500,000 3,695 4716 Lee BoulevardOct-19 Specialty Community Center SPRC Enclave Community Building $400,000 3,716 17100 On Par BoulevardAug-19 Specialty Freestanding Pet Paradise Boarding Facility $3,200,000 14,948 6750 Alico RoadOct-19 Specialty Learning Center Heights Foundation Early Learning Center $9,500,000 35,858 15570 Hagie DriveOct-19 Specialty Learning Center Athenian Academy Three Oaks $7,600,000 68,950 18851 Oak Center Drive

Source: LSI


COMMERCIAL PERMITTING ACTIVITYLEE COUNTY | Q3 2019 - Q2 2020

| 3 5 |

Date Sector Building Type Project Name Permit Value Building (Sq. Ft.) Site AddressAug-19 Industrial Flex ECH Headquarters $1,990,880 14,000 2945 Van Buren StreetOct-19 Industrial Flex Laredo Avenue Building $5,758,013 77,210 9369 Laredo AvenueOct-19 Industrial Flex Laredo Avenue Building $5,734,596 76,896 9377 Laredo AvenueOct-19 Industrial Warehouse 2 Pre-Engineered Metal Building $1,198,860 15,000 3350 Palm AvenueOct-19 Industrial Warehouse Warehouse Building $800,000 18,700 2566 Rockfill RoadNov-19 Industrial Warehouse Warehouse/Office Space $965,619 8,417 4675 Elevation WayFeb-20 Industrial Warehouse Metal Building $838,980 9,000 3792 Ironbridge BoulevardApr-20 Industrial Warehouse Westbury Trane Facility $3,893,528 3661 Ironbridge BoulevardApr-20 Industrial Warehouse Warehouse Building $838,900 9,000 3828 Ironbridge BoulevardJun-20 Industrial Warehouse Steel Warehouse Building $311,480 4,000 3170 Old Metro ParkwayJun-20 Industrial Warehouse Storage Works Metal Canopy Buildings $3,189,000 127,560 2950 Work DriveAug-19 Lodging/Resort Hotel 4-Story 118 Room Hotel $10,000,000 192,000 4333 Ford StreetApr-20 Office Freestanding 2-Story Office Building $790,232 5,854 2880 Ford StreetJun-20 Office Freestanding Storage Works Office Building $39,575 1,583 2950 Work DriveMay-20 Retail Freestanding Rooms-To-Go Furniture Store $2,440,580 19,419 5370 Cleveland AvenueAug-19 Self Storage Self Storage Extra Space Self Storage $1,547,452 16,600 3151 Winkler AvenueSep-19 Self Storage Self Storage Extra Space Self Storage Buildings 8 & 12 $5,266,930 56,500 3151 Winkler Avenue

Source: LSI

Date Sector Building Type Project Name Permit Value Site AddressJan-20 Office Medical Florida Cancer Specialists $2,460,000 8440 Murano Del Lago DriveJul-19 Retail Freestanding University Highlands Retail Shell Buildings $500,000 19533 Highland Oaks DriveSep-19 Retail Freestanding University Highlands Retail Shell Buildings 19521 Highland Oaks DriveSep-19 Retail Freestanding University Highlands Retail Shell Buildings 19527 Highland Oaks DriveJul-19 Retail Grocer Sprouts Grocery $1,650,000 19990 S Tamiami Trail Dec-19 Retail Grocer Aldi's Grocery $3,200,000 19951 S. Tamiami Trail

Source: LSI


COMMERCIAL PERMITTING ACTIVITYFORT MYERS | Q3 2019 - Q2 2020

COMMERCIAL PERMITTING ACTIVITYESTERO | Q3 2019 - Q2 2020

| 3 6 |

Date Sector Building Type Project Name Site AddressMar-20 Specialty Fire station Cape Coral Fire station #2 521 Nicholas ParkwayMay-20 Specialty School Kids World Preschool 1942 Skyline BoulevardMay-20 Specialty School SWFL Autism Center 730 SW 4th StreetMay-20 Self Storage Mini-Storage Safstor Mini-Storage 4132 Chiquita BoulevardJul-19 Self Storage Self Storage Skyline Self Storage Buildings 824 SW 42nd TerraceApr-20 Self Storage Self Storage Safstor Mini-Storage 2710 Skyline BoulevardJun-20 Self Storage Self Storage StorQuest Buildings ABCDE 1975 SW Pine Island RoadJul-19 Retail Auto parts Firestone Complete Auto Care 905 Del Prado N.

Mar-20 Retail Bank Chase Bank 1119 Cape Coral ParkwayMar-20 Retail Car Wash Car Wash / Enterprise at Pine Island 331 NE Pine Island RoadApr-20 Retail Car-Wash Downtowner Express Car Wash 2002 Santa BarbaraAug-19 Retail C-Store WaWa Gas - Lucky Shopping Center 2603 Santa BarbaraDec-19 Retail Discount Retail Dollar General 4423 Chiquita BoulevardSep-19 Retail Grocer Lucky's Market 2603 Santa BarbaraJan-20 Retail QSR Burger King Restaurant 22 NE Pine Island RoadAug-19 Retail Shell Building Lucky's Market Shopping Center 2603 Santa BarbaraNov-19 Retail Strip Center 7 Unit Mink Retail Center 1306 Santa Barbara BoulevardOct-19 Office Freestanding Enterprise Rent-a-Car 331 NE Pine Island RoadJun-20 Office Freestanding Cabinet Genies 815 SE 47th TerraceJul-19 Office Medical Quigley Eye Specialist 112 Del Prado Boulevard N.Jul-19 Office Medical Cape Coral Medical Office 2125 SE 16th PlaceSep-19 Office Medical Viscaya Veterinary Clinic 1141 Country Club BoulevardMay-20 Medical Freestanding Bayfront Health Emergency Room 2521 Del Prado Boulevard NMar-20 Industrial Flex 7 Unit Warehouse 1421 Ceitus TerraceApr-20 Industrial Flex East Cape Flex 913 East Industrial CircleOct-19 Hotel Freestanding Fairfield Inn 1701 Old Pondella Road

Source: LSI


COMMERCIAL PERMITTING ACTIVITYCAPE CORAL | Q3 2019 - Q2 2020

| 3 7 |

Date Sector Building Type Project Name Permit Value Building Area (Sq. Ft.) Site AddressOct-19 Industrial Flex Southlinks Commons Building 8 $1,568,570 14,380 12621 Trade Way DriveOct-19 Industrial Flex Southlinks Commons Building 7 $1,568,570 14,380 12620 Trade Center WayMay-20 Retail Freestanding Retail Strip Project $687,931 5,407 11671 Bonita Beach Road SEJun-20 Retail Freestanding Aspen Dental Shell $312,433 3,748 28120 S Tamiami TrailFeb-20 Self Storage Self Storage Bonita Breeze Mini Self Storage $1,094,718 22,600 27696 Okeana StreetOct-19 Specialty Freestanding Visitor Center $783,573 6,520 9900 Estero BoulevardDec-19 Specialty Freestanding Greyhound Racing & Poker Room $4,753,420 38,000 28010 Race Track RoadJan-20 Specialty Pet Boarding Pet Paradise Indoor Boarding $1,800,055 17,275 8739 Commerce DriveJan-20 Specialty School YMCA Preschool $1,220,679 10,837 27200 Kent Road

Source: LSI

Date Sector Building Type Project Name Permit Value Site AddressJul-19 Industrial Warehouse Warehouse Building (Amigo Pallets) $1,580,000 28350 Woodlawn Drive

Aug-19 Industrial Warehouse Storage Building $295,000 25500 Technology Blvd.Sep-19 Lodging/Resort Resort Sunseeker Resort Hotel $101,970,280 4949 Tamiami TrailOct-19 Office Freestanding 4,000 SF office First Baptist $400,000 20035 Queseda AvenueJul-19 Retail Auto parts Firestone Complete Auto Care $1,200,000 2040 Beatrix BoulevardOct-19 Retail Carwash Carwash Facility $147,000 861 Tamiami TrailOct-19 Retail C-Store Circle K $500,000 19200 Veterans BoulevardJul-19 Retail Discount Retailer Dollar General $1,143,688 4386 N Access Road

Mar-20 Retail Freestanding Firestone Complete Auto Care $1,200,000 19560 Cochran BoulevardMar-20 Retail Freestanding Freestanding Retail Building $800,000 23498 McCaslin CourtMay-20 Retail Freestanding Auto Parts Store $750,000 24066 Peachland BoulevardJun-20 Retail Freestanding Sherwin Williams Paint Store $485,000 19150 Veterans BoulevardAug-19 Self Storage Mini-Storage Mini Storage Building $1,687,207 3700 Taylor RoadOct-19 Self Storage Mini-Storage 8 Unit Storage Facility $400,000 7030 San Casa DriveSep-19 Self Storage Self Storage Self Storage Facility $10,020,217 4536 Tamiami TrailNov-19 Self Storage Self Storage Commercial Storage Units $5,042,950 16442 Burnt Store RoadJan-20 Self Storage Self Storage Storage Building $783,289 3921 Taylor RoadJan-20 Self Storage Self Storage Storage Building $210,000 13370 Marathon BoulevardFeb-20 Self Storage Self Storage Storage Building $150,000 7030 San Casa DriveMay-20 Self Storage Self Storage Non Climate Controlled Metal Self Storage $8,717,708 2485 Luther Road

Source: LSI


COMMERCIAL PERMITTING ACTIVITYBONITA SPRINGS | Q3 2019 - Q2 2020

COMMERCIAL PERMITTING ACTIVITYCHARLOTTE COUNTY | Q3 2019 - Q2 2020

| 3 8 |

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August 11, 2020 · 2020. 8. 10. · MARKET TRENDS SPEAKERS. MARKET TRENDS TEAM. Nelson Taylor,...

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