In the face of challenging times for Southwest Florida development, CEO Jim Nashman is focusing positively on Pelican Bay Development’s core strengths, ensuring that the firm’s expanding presence will position them for increased success when the market improves.

“Our ability to discover added value opportunities remains very strong,” says Jim. “We are fulfilling the needs of communities that have existing retail centers in need of renovation. We are also building in well-populated areas that have not had access to many retailers and services before – our new centers meet those needs.”

Pelican Bay Development has recently expanded its efforts, targeting key commercial sites in Sarasota, Venice, Port Charlotte and South Tampa. The sustained and general affluent markets of Sarasota and surrounding area, to the north and south, have directed the company’s focus from Lakewood Ranch to the coastal areas along Tamiami Trail.

Jim and his staff are excited about their newest retail project, the high-profile Alico Commons in south Fort Myers. Anchored by a new Publix supermarket and Office Depot, the 31,000-square-foot complex will accommodate several small shops and a freestanding CVS pharmacy.

“Proceeding with this level of new construction right now is an indicator of Pelican Bay Development’s strong foundation and its commitment to Florida’s future,” states Jim.

Pelican Bay Development and sister company, Petra Development, maintain confidence based on the reputation and successful track record of its principals. Since 1995, the firms have embraced a philosophy of enduring value with honesty, integrity, passion and pride.

“We are dedicated to providing commercial centers with sustainable value,” concludes Jim. “We are optimistic about the future and poised for growth when the tide turns.”

Pictured, standing from left: William Wolf, Janet Cantrell, Mark Simmons, Christiaan Gardner. Seated, from left: John Brown, Jim Nashman

Pelican Bay Development
E: jnashman@pelbaydev.com / www.pelbaydev.com