NAPLES — Stock Development is clearing 64 acres of land for a new 122-home neighborhood, the 10th and last in the Olde Cypress development in North Naples.
The land for the future community became visible earlier this week to passers-by as trees came down in a wooded area along the north side of Immokalee Road. Earth movers have been stacking the felled trees in piles on the property, just east of Logan Boulevard and the swimming pool and tennis courts near the entrance to Olde Cypress, a gated golf-course community.
Called Lantana, the new neighborhood will include three- and four-bedroom homes ranging in size from 1,809 to 3,158 square feet.
"We're looking at starting construction in August," said Stock Development CEO Brian Stock. "We're shooting to have our models done by the first of the year."
Six model homes and three spec homes will be built to start, Stock said, noting that eight or nine homes always will be in progress.
Introductory pricing for the single-family homes on 50-foot and 60-foot lots will begin in the $400,000 range, according to information provided by Stock, which developed the other Olde Cypress neighborhoods and owns the country club.
"We are going to offer nine or 10 floor plans, mainly one story," Stock said. "We plan to offer three different product lines — the Topaz, Onyx and Sapphire series."
The three series of homes will be similar to those offered in the Lakoya enclave at East Naples' Lely Resort, also developed by Stock.
The Topaz homes will be 1,809 square feet to 2,406 square feet on 50-foot lots. Onyx homes will be 2,273 square feet to 2,730 square feet, and Sapphire models will be 2,876 square feet to 3,158 square feet. The Onyx and Sapphire homes will be on a mixture of 50-foot and 60-foot lots, Stock said.
The sole access to the new development will be through the main gate to Olde Cypress off Logan Boulevard. The actual entrance to Lantana will be off Treeline Drive, which runs between the new homes and the 36,000-square-foot clubhouse and 18-hole golf course.
Lantana will include at least three lakes, and most of the homes will have a lake or nature preserve in their backyards, the site plan shows. The new homes will be separated from traffic on Immokalee Road by a 6-foot wall atop a 2-foot berm with landscaping on both sides, a walking path and a canal. Lantana residents will be considered part of the Olde Cypress neighborhood and are required to be social members of the golf club, Stock said.
Olde Cypress is in the midst of $3.5 million in capital improvements. The fitness center was recently expanded to more than 4,000 square feet, and includes an aerobic studio. The clubhouse is undergoing a major renovation and bocce courts are being added.
Stock also has begun a complete overhaul of the par-72 golf course at Olde Cypress. Depending on the weather conditions this summer, the renovations are scheduled for an October completion.
The investment includes new grass on greens as well as fairways, roughs and tee boxes. To convert the course from a hydraulic to an electrical irrigation system, 140 miles of new irrigation wire will be run to new sprinklers, Stock reports.
"We're looking at finishing all the improvements around the beginning of November," Stock said.