Alico, Inc. announced on March 13, 2025, a major milestone in its strategic transformation with the filing of a development application for Corkscrew Grove East Village, the first of two villages in a planned 3,000-acre master-planned community in northwest Collier County. This project is a key component of Alico's strategy to monetize its land holdings.
The development plan envisions two distinct 1,500-acre mixed-use villages, with an additional 6,000 acres of land in Collier County designated for permanent conservation. Management estimates the total value of four near-term development properties, including Corkscrew Grove Villages, to be approximately $335 million to $380 million, with construction potentially starting in 2028 or 2029.
The application process for local approval is expected to take about a year. Alico also filed a local bill in February 2025 to establish the Corkscrew Grove Stewardship District, which is anticipated to receive approval by the end of June 2025, providing a framework for financing infrastructure and managing the development.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.