FrontDoor Communities Partners With Landeavor to Complete Andalucia

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Contact: Michael Phillips, (404 996-0828, mphillips@frontdoorcommunities.com

FrontDoor Communities Partners With Landeavor to Complete Andalucia
Developers plan to build out remaining 96 homesites within two years

NAPLES, Fla. – September XX, 2012 – FrontDoor Communities, a full-service real estate firm with nine residential developments in South Carolina and Florida, has entered the Naples market through a joint venture with national real estate development and investment company, Landeavor, to complete the final phases of the master-planned community of Andalucia.

Originally purchased by Landeavor in 2010 from DJMC Homes, the partnership with FrontDoor Communities is expected to expedite the sales and building process. Both companies are known for their expertise in revitalizing and redeveloping master-planned communities in high-growth locations.

“Andalucia is a wonderful community and we needed the right partner to complete the final phases,” says Adam Lorry, one of Landeavor’s co-founders. “We were impressed by the real estate experience of the FrontDoor partners. We are convinced they can build quality homes with the appointments and modern features required for the discerning Naples homebuyer.”

Located west of I-75 off Pine Ridge Road, Andalucia encompasses 78 acres and 167 homesites, of which 71 are complete. In addition, all infrastructure is completed and amenities are built including a clubhouse, fitness center, playground and resort-style lap pool. A model home is under construction and prices start in the low $300s.

According to Terry Russell, CEO and partner of FrontDoor Communities, the goal is to build out the remaining 96 homesites within two years.

“Unlike other residential projects where construction was halted during the recession, Andalucia was successful in selling a significant number of homes during that time. As a result, it is well-established today and there is already a sense of community in place,” Russell states.

“Andalucia is the size of community I would want to live in — not too large and easy to navigate. And, being close to Old Naples and 10 minutes from the beach makes it even more appealing.”

Russell and partner, Mike Langella, who is FrontDoor Communities’ president, bring a combined 49 years of real estate development experience to Andalucia. Russell spent 22 years with John Wieland Homes, serving as CEO during his last five years at the firm and at the same time it was named “America’s Best Builder” in 2005. Langella was executive vice president for Reynolds Development & Management Group in Atlanta, served 11 years at John Wieland Homes in a variety of senior leadership positions. Prior to that, Langella oversaw luxury communities in Florida and California during his six years with WCI Communities in Bonita Springs.

Based in Atlanta, FrontDoor Communities has put together a team of local companies hand-selected for their excellence in producing quality work and results:

  • Architect: Weber Design Group
  • Sales: John R. Wood Realtors
  • Interior Design: Kelli Interior Design

“We bring our expertise in homebuilding and development and blend with in-market talent to implement the vision. We’ve assembled a team of local experts for the design, sales and construction of these homes,” explains Russell. “Weber worked hard to blend the architecture with the Tuscan theme that already exists. The homes are open and totally livable. We focus on homes that are designed and full of amenities that adapt to the way people want to live.”

Patrick Dearborn, Realtor at John R. Wood, is overseeing sales for Andalucia along with several agents who are stationed inside the clubhouse.

“We’re really excited about this project because we have a brand new product in a well-established, well-located community, and there is not a lot of new construction in this price range,” he states. “Additionally, the timing is great because there is 50 percent less inventory than two years ago.”

Andalucia is located at 1350 Serrano Circle, Naples, Florida, 34105. For more information, call 239-304-8314 or go to www.andalucianaples.com.###


About Front Door Communities
Launched by veterans of the home building industry with 25+ years experience, FrontDoor Communities (FDC) is a full-service real estate firm that is grounded in the reality of the marketplace with an eye toward the current economy’s consumer needs and wants. FDC executives are a core team of proven leaders with a clear vision of current and future opportunities in the marketplace. FDC is strategically structured to be opportunistic of and responsive to the real estate cycle. We are focused on urban and suburban infill, resorts and club operations from management, development, transaction and new building perspectives.

About Landeavor
Landeavor is a national real estate development company launched in 2007 specializing in the development or purchase of master-planned communities. Throughout their careers, the principals of Landeavor have been involved in the planning and development of more than 50 successful communities in 26 markets throughout the county. As real estate markets recover and rebuild, Landeavor has focused on the mission of purchasing and revitalizing communities from lenders and developers. Through its extensive operating experience and the backing of a strong capital resource, Walton Street Capital, the company has been successful in this endeavor. Walton Street Capital is a private equity real estate investment firm founded in 1994. Affiliates of Walton Street Capital, through its series of funds, has invested and/or committed to invest in excess of $5.7 billion of equity.

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