Alico, Inc. Takes Major Step in Strategic Transformation with Development Application for Master-Planned Community in Collier County

Core Viewpoint - Alico, Inc. has filed a development application for the "Corkscrew Grove East Village," marking a significant step in its strategic transformation towards land development and environmental stewardship [1][3]. Group 1: Development Plans - The development plan includes two mixed-use villages, each spanning 1,500 acres, aimed at creating a residential and commercial hub in Collier County [2]. - Initial development will focus on the Corkscrew Grove East Village, with construction expected to start after obtaining necessary permits by 2028 or 2029 [2]. Group 2: Strategic Assets and Value - Alico aims to monetize four strategic assets totaling approximately 5,500 acres, representing about 10% of its land holdings, within the next five years, with an estimated value of $335-380 million [3]. - The Corkscrew Grove Villages are part of Alico's strategy to unlock value from its land holdings and respond to the growing demand for housing and commercial space in Southwest Florida [3]. Group 3: Environmental Commitment - Alico is setting aside an additional 6,000 acres for permanent conservation, demonstrating its commitment to balanced development and environmental stewardship [1]. - The project aligns with the goals of Collier County's Rural Land Stewardship Area (RLSA), which aims to enhance agricultural lands and natural resources while allowing for well-planned community development [3]. Group 4: Governance and Coordination - A local bill has been filed to establish the Corkscrew Grove Stewardship District, which will facilitate coordinated management of development and environmental conservation [4]. - This district is expected to enhance collaboration with stakeholders and provide transparency in Alico's development plans [4].