Fort Myers-based Alico Inc. continued its transformation to a diversified land company by filing a development application for the first of two villages, Corkscrew Grove East Village, in what will ultimately be a 3,000-acre master-planned community in northwest Collier County.

There will be an additional 6,000 acres of land in Collier County that Alico will set aside for permanent conservation. The development plan envisions two distinct 1,500-acre mixed-use villages, East Village and West Village, that will create a new residential and commercial hub near the intersection of Collier, Lee and Hendry counties.

Initial development is planned to begin with Corkscrew Grove East Village, and construction is expected to commence following completion of all required permits by 2028 or 2029.

The Corkscrew Grove Villages represents a key component of Alico’s strategy to monetize four strategic assets in four separate counties, including Collier and Hendry, totaling approximately 5,500 acres, or 10% of its land holdings, within the next five years through higher-value development opportunities. Management estimates the total value of these 5,500 acres of near-term developable land could be approximately $335 million to $380 million.