SD Estero Crossings, LLC, which trades under the name Stock Development, has purchased 43 acres of land at 10500 Corkscrew Road for $5.805 million. The proposed development, Estero Crossing, will have both commercial and residential components. Previously part of southern Lee County, the Village of Estero was incorporated at midnight on Dec. 31 after a landslide victory in a November referendum. The Village of Estero is Lee County’s first new municipality since 1999. Plans for Estero Crossing include developing 5 acres of commercial property on Corkscrew Road. The remaining land will be developed for residential use.
“The recent incorporation of the Village of Estero has created greater stability for this area and in turn, a high level of interest in the commercial and residential real estate markets,” said Jim Garinger, Senior Managing Director and Principal for Colliers International Southwest Florida. “Hertz’s decision to move their global headquarters to the area has also created a great deal of buzz that has many excited for the future of this city.”
