SHELL POINT AND AUBUCHON HOMES BREAK GROUND ON SIGNATURE CUSTOM HOME FOR NEW NEIGHBORHOOD – THE ESTUARY

FORT MYERS, Fla. ( July 18 , 2013)

Shell Point Retirement Community has broken ground on the first custom home design that will be offered in the community’s new neighborhood, The Estuary. The home, featuring the “Useppa” floor plan design, will be located near the entrance to The Island at Shell Point and, when complete, will be easily accessible to Welcome Center visitors who will be able to tour the home by appointment on weekdays from 8 a.m. to 4 p.m. Planned completion for the Useppa is currently scheduled for October.

The Estuary at Shell Point will be the planned community’s fourth neighborhood and will include 50 residences in a combination of single-family signature homes and twin villa homes, along with a community center and pool. Entrance fees for the homes will start at approximately $687,000 and will include all of the amenities and services available at Shell Point including complete lifecare and a 75% or 90% refundable contract. Lifecare provides a form of long term care insurance that includes access to assisted living and skilled nursing if needed.

Bob Southern, assistant to the president for project development at Shell Point, explained that he and his team selected Aubuchon Homes to build the first home because of the company’s solid reputation in Southwest Florida. “Aubuchon is known for quality construction and professionalism,” he said.

Shell Point President Peter Dys said plans to develop The Estuary evolved as a response to an improved economy. “The Estuary at Shell Point will give us an opportunity to provide new facilities and services to both our existing and future residents,” said Dys. “We are responding to what fits naturally and what makes sense to Shell Point long-term.”

Carl Schmidt, Aubuchon’s vice president of construction, said they were pleased to be selected to build this home at Shell Point. “It’s also heartening to see an uptick in the local market and a demand for new construction,” he added. The Aubuchon Team of Companies includes Aubuchon Homes, Miloff Aubuchon Realty Group, The Sterling Collection, and Evalutions by Aubuchon. This team of companies has been doing business in Southwest Florida since 1992.

Site work preparation, roads, and cutting out a lake, as well as construction of the new community building and pool, is scheduled to commence after the first 16 homes or villas are pre-sold. The first residents could move in as early as mid to late 2014.

Shell Point is also planning a 35,000 square foot clubhouse to expand the social and lifestyle opportunities for residents of the entire community. In addition to serving the 18-hole championship golf course, the clubhouse will include a pro shop, dining rooms, a health club, a salon and meeting rooms.

The Estuary Signature Homes will offer 2,300-2,700 square feet of air-conditioned living space including a great room, dining room, kitchen with morning room, master suite and two additional bedrooms with shared bath. With entry, lanai, and two-car garage, plus an additional space for a golf cart, the footprint will total 3,500 to 3,900 square feet.

The Estuary Twin Villa homes are 1,600-2,000 square feet of air-conditioned living space. Each attached home offers a great room, dining room, kitchen, master suite, second bedroom, and laundry room. Each villa will offer an expansive lanai and two-car garage with additional golf cart parking. Reservations on specific home sites offering views of the golf course or lake will be taken in the near future.

Shell Point currently offers numerous retirement residence options among three neighborhoods: The Island, The Woodlands, and Eagles Preserve. The Estuary will be the fourth Shell Point neighborhood.

Shell Point Retirement Community is a not-for-profit continuing care retirement community located in Fort Myers just off Summerlin Road and McGregor Boulevard, two miles before the Sanibel causeway. Shell Point has received national accreditation from CARF-CCAC, and is a nationally recognized leader in the retirement industry. The community offers retirement living in a resort-style environment with an 18-hole championship golf course that is open to the public, deep water boating access with free boat dockage, and recreational and fitness facilities. To learn more about Shell Point, visit us at www.shellpoint.org or call 1-800-780-1131.

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