Canadian builder Mattamy Homes has acquired a 37.5 acre site in East Naples for $8.7 million.
The site at 4580 Bayshore Drive will be turned into “product that Mattamy Homes has targeted for the site,” said Ron Zeigler, of SVN Florida Commercial Real Estate Advisors, who represented Mattamy.
The sale included a $2.27 million impact-fee credit and possible density bonus.
It was not sold on site-plan approval, and plans have not been finalized, Zeigler added.