Construction progressing on four models in Residences at Mercato

NAPLES, Fla. - June 9, 2015 - PRLog -- Vertical construction is more than 30% complete for the Le Rivage and Le Jardin single-family home models in the Residences at Mercato. Slabs have been placed for the first four villa homes. All six homes are scheduled for completion this fall.

The project is being developed by The Lutgert Companies and built by Lutgert Construction, LLC.  A total of 16 homes are currently in the design and construction processes, site work is nearing completion and utilities are in place within the neighborhood.

“We are pleased to share that our construction teams are working at an aggressive pace to achieve key benchmarks, and the homes within Residences at Mercato are selling quickly,” said Howard B. Gutman, President of The Lutgert Companies. “Presently, sales have reached 29% for the community as luxury home buyers remain attracted to its superb location, modern floorplans and features, and sophisticated lifestyle all within Mercato’s walkable environment.”

The five-bedroom Le Rivage single-family home model, which will feature a California contemporary style, is being designed by Charlie Hansen of Clive Daniel Home. The Le Jardin home, with two master bedroom suites, is being designed by Susie Petril of Clive Daniel Home and will have a strong coastal influence.

Elsewhere in the community, construction crews have begun the final grading work for the balance of the home sites. Road and curb work have begun, and all roads are expected to be in place by mid-July.

At completion, Residences at Mercato will include 52 single-family homes within Mercato’s urban-style retail, office and residential community. Six open floor plans are available, priced from $1.325 million. Floor plans include two-story villas and homes ranging from approximately 2,697 to 3,558 square feet of living space with three to five bedrooms and three-and-a-half to five baths. Floor plans feature luxurious master retreats, lofts, large open spaces and dramatic architectural designs. Each residence will have first-floor master suites, pools, courtyards and two-car garages. Outdoor living options include summer kitchens and outdoor showers.

Premier Sotheby’s International Realty is the exclusive sales and marketing representative for the Residences at Mercato. With approximately 800 associates and employees in more than 24 locations along Florida’s Gulf Coast and the Carolinas, the luxury real estate brokerage ranks 31^st among the 500 Largest Brokers in the U.S., according to the annual Real Trends survey of the top U.S. residential sellers.In 2014, the company closed more than 4,400 transactions resulting in more than $3.4 billion in sales volume to become one of the leading Sotheby’s International Realty affiliates by production worldwide.

For more information, call 239.594.9400 or visit http://residencesatmercato.com/.

# # #

About The Lutgert Companies

A prominent member of Southwest Florida’s business community since 1964, The Lutgert Companies (http://www.lutgert.com/)has set the standard for creative, environmentally responsible development The company’s portfolio includes an array of residential and commercial properties, each bearing the original trademarks of its commitment to excellence. More than 25 of the company’s distinctive high-rise towers line the beachfront of Naples and Bonita Springs. The Lutgert Companies have also developed the exclusive Estuary golf course community at Grey Oaks and Linville Ridge, a master planned 1,800-acre mountaintop golf community in North Carolina. Additional holdings include Lutgert Insurance, Premier Commercial, Lutgert Title LLC, Lutgert Construction, and Premier Sotheby’s International Realty^® the largest Sotheby’s International Realty affiliate in the U.S. and the country’s 31^st largest residential brokerage firm. For more information, please visit www.lutgert.com.