BRIEFS

Harbourside Custom Homes reports it has three luxury homes in the permitting stage, two in Lee County and one in Collier County. CEO Jerry Colton says the homes are in the $1 million to $2 million range and include a modified Mediterranean-style estate home in Mediterra with 4,700 square feet.

He adds the company is planning a nearly 5,000-square-foot contemporary estate home at The Quarry in Collier County, and that it recently sold an inventory home in Shadow Wood Preserve and a home site in Palmira Golf and Country Club.

"The customers showing up now are serious about buying or building a new home," Mr. Colton says. "They're watching the market and they realize prices aren't going lower for quality new construction."

A recent article in The Wall Street

Journal indicated improvement in luxury home sales nationwide over the previous quarter hints that the luxury market is beginning to stabilize.

"They're not knocking down our doors," Mr. Colton says, "but seeing serious buyers during this time of year is a good sign for the upcoming tourist season."

Toll Brothers begins relocation in Bonita

The management offices for the Florida West Division of Toll Brothers have moved to a new space at 24201 Walden Center Drive within Walden Center off U.S. 41 in Bonita Springs. It is the first phase of the company's relocation plan, says Ken Thirtyacre, division president. "Our regional design studio will remain in its current location (28331 S. Tamiami Trail) until we have remodeled space to accommodate its extensive displays and vignettes," he says.

Toll Brothers' Florida West Division includes Belle Lago, a single-family home community on Estero Parkway in Estero; The Reserve at Estero, a community of single-family homes also on Estero Parkway; and Firano at Naples, a community of single-family homes off Davis Boulevard.