Lennar and three other home builders commit to 1,000 homes near FGCU

Lennar and three other home building companies have committed to build a total of 1,000 homes at a gated community just south of Fort Myers, next to Florida Gulf Coast University (FGCU).

Miami-based Lennar owns slightly more than 1,900 acres at the development, called WildBlue, nearly 3,600 acres of lake-dotted land just east of Estero, Interstate 75 and FGCU.

Danielle Tocco, vice president of communications at Lennar, told the News-Press that the site work is under way at WildBlue, and that Lennar and Pulte are scheduled to open the first model homes there in the second quarter of next year.

Lennar plans to build houses ranging in size from 1,800 square feet to 3,800 square feet, and offered for sale in a $400,000-to-$700,000 price range.

Pulte Homes’ plan for WildBlue calls for house sizes from 1,871 square feet to 3,900 square feet and prices from $400,000 to $1 million-plus.

Stock Development will build houses from 2,500 to more than 4,000 square feet and priced from $600,000 to more than $4 million.

Lennar’s subsidiary WCI Communities will build houses at WildBlue from 2,000 to 4,000 square feet and priced from $400,000 to $1 million.

WCI doesn’t have its own land at WildBlue. But in December, another Lennar subsidiary, CalAtlantic, bought more than 700 acres at the Lee County development for $27.5 million. [News-Press] – Mike Seemuth