October 2018 Newsletter

<!doctype html>

*|MC_PREVIEW_TEXT|*

View this email in your browser

Watch Jennifer’s October Market Update Here!

The Latest In New Construction

Residential Update

Tern Bay Is Back

Plans are underway for new residential construction in the Burnt Store community formerly known as Tern Bay, a golf course community which was abandoned by its developers during the recession. Lennar Homes has put up signs advertising the new community name of Heritage Landings Golf & Country Club. We are anticipating homes, condos, and villas, with prices advertised to start in the $180,000’s. The overgrown landscaping has been cleaned up, and we are thrilled to see this continued growth in the Burnt Store area. We are anxiously awaiting more information from Lennar and will post an update on our website as soon as we know more.

Babcock Ranch

America’s first solar city continues its construction with phase 1 of Lennar-built Trail’s Edge homes nearly sold out. Unit sales at Babcock are up to 230 under contract, 100 of which have already closed. Babcock has expanded its market to now offer villas and townhomes, with prices starting below $200,000, which is a critical price point for this community located on the outskirts of Punta Gorda and Fort Myers. Stop by Babcock Ranch’s restaurant, Table & Tap (pictured above) for some leisure and good food!

Commercial Update

Aldi’s Open on Jones Loop Rd

Officially open for business- Aldi’s grocery store held its grand opening on Sept 20th. It is located next to the WalMart on Jones Loop Rd.

Starbucks Punta Gorda Location

Construction is underway on the new Punta Gorda Starbucks. The walls began going up this week. It will be located in front of the Cross Trails Center on US 41 by Elenas and Bealls Outlet.

Wawa Construction Begins

Jones Loop Road is awaiting the addition of a Wawa gas station in the empty lot diagonally across from WalMart. For those of you not familiar with Wawa, it is not your typical gas station! They specialize in hot breakfasts, made to order sandwiches, salads, wraps, and soups. Plus a variety of fresh hot and iced coffees, lattes and frozen beverages. The lot has been cleared and a Coming Soon sign has been put up.

Burnt Store Road Widening Update

The County has been working with Southwest Florida Water Management District and the Army Corps of Engineers to obtain the necessary permits for the project. Studies have resulted in the need for additional land and those land aquisitions have begun. The timeline for construction is unknown at this point, but the county is working diligently to keep the project moving forward.

Bird Section Cut Through

Now known as The Buckley’s Pass project is an additional navigational access channel connecting the Punta Gorda Isles canal system to Charlotte Harbor through a shorter, more convenient, and direct route than is currently available through the existing Ponce de Leon Inlet harbor access point for properties located in the Bird Section of PGI. The access channel will be cut through an existing mixed wetland and upland area connecting the city’s canal system to Alligator Creek, which then connects directly to Charlotte Harbor about 1 mile down the creek.
The Army Corp of Engineers approved the permit for the cut through on Aug 7 and the city approved the land purchase needed to facilitate this cut through on Aug 22. The sale is planned to go through by the end of the year. The current plan is to award the bid for construction by May of 2019.

Welcome Aboard!

We are thrilled to introduce our newest team member, Brian Lutz. Brian has recently joined Calenda & Associates as our closing coordinator. You may know him from the Burnt Store Golf & Activity Club where he worked as the Events Coordinator for the past few years. He brings extensive community knowledge, along with experience in mortgage banking and sales industries, and excels in providing top-level customer service. We feel he will be a great addition to our team as we continually strive to provide our clients with the best possible service throughout the home sale process.

Featured Listing

3040 Big Bend Cir. • Burnt Store Marina • $519,000

½ acre estate with park like yard abutting the golf course
Freshly resurfaced solar heated PebbleTec pool w/waterfall feature
Updated kitchen with Australian granite counters, stainless backsplash and high-end stainless-steel appliances

View more information about this property HERE.