The News-Press reports that WCI Communities is back with gusto from the brink of extinction following a chapter 11 reorganization. Near-term plans call for the construction of five new spec homes at Pelican Preserve, 55+ active-adult master-planned community in Fort Myers.
[more] →Casa Del Rio, the home of former WCI Chairman and former Ambassador to Portugal Al Hoffman, is on the auction block.
[more] →Southwest Florida powerhouse developer WCI Communities filed for bankruptcy protection yesterday. While this filing was expected and not a surprise, it is tough to see one of the pillars of the area in such dire straights. Southwest Florida projects developed by WCI Communities include Gulf Harbour, Gateway, Pelican Preserve and The Colony. WCI visionaries like [...]
[more] →WCI reports drop in customer traffic in ’06 Interesting comments about customer traffic at sales centers from WCI president & CEO Jerry Starkey during WCI’s 2005 earnings call. “In January, traffic was down 49 percent from a year ago and down 44 percent for the first eight days of February” WCI released 2006 revenue and [...]
[more] →Name change spurs sales How important is a development name? Have you ever wondered how many creative marketing types sit around a table drinking lattes trying to decide the best name for a new development. I am sure it is especially challenging in a place like SW Florida where the good ones like Gulf Harbor [...]
[more] →Bonita Springs-based builder profits up 38% In the midst of significant construction industry insider trading and earnings misses, local developer WCI Communities checked in this week with strong performance for Q3 04 with profits up 38% over the previous year. The company’s backlog, which is the estimated value of contracts not yet closed, is valued [...]
[more] →Fort Myers MLS Map Search
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