Developers have turned their attention back to land near the Winkler Avenue and Colonial Boulevard intersection as vacant land is snapped up and prices climb at hot spots farther south.
Land near that intersection began drawing builders’ focus years ago, just as the housing bubble burst. A fenced and shuttered clubhouse in the middle of a planned but abandoned apartment complex north and west of the intersection serves as a recession memorial to all who drive by.
But building sites on both sides of Colonial now are overshadowing the grim reminder. More are likely on the way, said Randy Thibaut, CEO of Fort Myers-based Land Solutions.
As building has regained momentum post-recession, development fired up first in Naples, then south Lee County, then south Fort Myers along the Daniels Parkway corridor and now, as prices climb in those neighborhoods, it has again reached the Colonial corridor, Thibaut said.