Neal Communities, a private home builder in southwest Florida, broke all previous company sales records in 2016, ending the year with 1,109 sales and 1,129 closings in communities spanning from Hillsborough to Collier Counties, the company said. This marks a 13 percent increase in closings from 2015, totaling over $430 million in closings.
“Our success is a direct testament to our dedicated, passionate team and its strong leadership and vast experience,” said Pat Neal, CEO and chairman at Neal Communities. “I am continually humbled and impressed by our team’s integrity and dedication to providing the best product, value and customer service in the business.”
Randy Turkovics, Pat Neal, Charlene Neal, Michael Storey and Michael Greenberg
Randy Turkovics, Pat Neal, Charlene Neal, Michael Storey and Michael Greenberg
Neal Communities opened six new communities in 2016 and hired 31 new team members, continuing its seventh consecutive year of steady growth.
Key Florida markets contributed to the firm’s 2016 success, including Lakewood Ranch, Hillsborough County, south Sarasota County, and Lee and Collier Counties.
“Last year marked our 22nd year building in Lakewood Ranch,” said Neal. “We are proud that our corporate headquarters are located in one of the top master-planned communities in the country.”
Southern Sarasota County communities rounded out Neal’s 2016 growth trend, with continued robust sales in Grand Palm, a Venice master-planned neighborhood that is more than one-third sold out with rapid, consistent sales since its opening in 2012. In 2017, the builder plans massive additions to the popular community, including a new $2-million gated entrance, six new subdivisions and a new discovery center with eight models for buyers to browse.
This year, Neal Communities also plans to invest in a new resort-style amenity center at Boca Royale Golf & Country Club in Englewood. The home builder foresees an even greater involvement in Lakewood Ranch and other key markets in southwest Florida that have proven to be successful like Lee and Collier Counties.
Neal’s southern division has seen significant accomplishments in 2016. The home builder opened a dedicated design studio in Bonita Springs along with four new communities in Lee and Collier Counties, including Coconut Cove, Daniels Place and Watermark Phase 3 in Fort Myers and Avalon, the builder’s first condominium community, in Naples.
Neal Communities became the sixth largest builder in Lee and Collier Counties – just three years after opening its first community in spring 2013. Since then, Neal’s south division has grown significantly and now employs 44 people. Selling currently in 10 communities, the division has sold out and completed two neighborhoods since spring 2013.
Neal Signature Homes, the firm’s luxury building division closed 90 homes in 2016, an almost 50 percent increase from the 61 homes closed in 2015.
