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Gulf American Land Corporation (GALC) was a land development company in Florida founded by brothers Leonard and Jack Rosen. During the late 1950s and 1960s, GALC was the largest land sales company in the United States. [2] The company is noted for its role in the development of Cape Coral, and pioneering the sales method of installment land ...
It is bordered to the southwest by U.S. Route 41, to the west by Naples Manor, to the northwest by Lely, and to the east by Verona Walk. Downtown Naples is 7 miles (11 km) to the northwest. According to the United States Census Bureau , the Lely Resort CDP has a total area of 5.3 square miles (13.7 km 2 ), of which 4.9 square miles (12.8 km 2 ...
The Mackle brothers—Elliott, Robert and Frank Jr. [1] —were brothers who developed real estate projects. They popularized selling land in planned communities through installment plans in Florida, creating several communities in the process.
Over time, the company became more diversified and by 1956, most of the company's operations had been concentrated in Floridian real estate and ended up changing their name to Florida Canada Corporation. Also that year, the 4 subsidiaries, which were jointly owned by each other, would be merged into one subsidiary: General Development Corporation.
Due to the real-estate developers oligopoly (sometimes called real estate hegemony, Chinese: 地產霸權) in the territory, and the economies of scale of mass developments, there is the tendency of new private tower block developments with 10 to over 100 towers, ranging from 30 to 70 stories high.
Naples Park was officially opened on November 4, 1951. [6] Constructed by M. H. Davis Properties, Inc. [7] lots were initially being sold for as low as $149.00, [8] designed for lower or retirement level income buyers. [9] The Naples Park Area Association was founded in 1957 and a clubhouse was built by members four years later.
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