To prepare a subdivision that at least looked as if it was ready to receive thousands of happy new residents, Gulf American dug roads and cut canals through pristine pine flatwoods and marshy grasslands, cabbage palm hammocks and cypress stands. Lots were sold as acreage here with the Golden Gate sales force peddling land from 1 1/4 to five acres, convincing buyers - many of them middle-class workers and retirees - that they could become rich by later subdividing and redeveloping their own “estates.” Here they had a different plan, they would just sell raw land and a dream. Cape Coral rapidly became a functioning city and a boater’s paradise, but Golden Gate had a more rocky start.Īfter their success with Cape Coral, they turned their attention to their next project, Golden Gate Estates. You will notice quite a few similarities to Cape Coral here in Golden Gate as they were both built by the same developer, Gulf American Corporation. This area began development in the 1950s and 1960s, when Jack and Leonard Rosen, founders of Gulf American Corporation purchased the large 175 square mile are of Everglades swampland in the late 1950s. Located on the far northeastern part of the Naples area is the section of town known as Golden Gate.
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