Arthrex is pleased to announce plans to build transitional corporate housing that can be offered to new employees moving to Southwest Florida, particularly individuals relocating to fill what are considered to be ‘hard-to-fill’ roles.
Arthrex has been providing transitional corporate housing to such relocating employees for upward of 15 years, retaining more and more rental units as the company continues to grow. Currently, Arthrex has access to – and actively uses – 58 rental units throughout Collier County, many of which are located in apartment complexes in North Naples.
As Arthrex continues to bring new employees to Southwest Florida, there is an ongoing need for more interim housing. Additionally, many employees relocating to the area are staying in corporate accommodations for longer periods of time, further increasing the need for additional housing units.
“Because the current real estate market is making it more difficult for relocating employees to procure housing,” said Corporate Housing Specialist Beth Merchant, “the corporate housing program at Arthrex is a very important tool for transitioning employees.”
In 2023, Arthrex purchased three, four-unit condo buildings situated on a 2.06-acre parcel in the Palm River neighborhood in Naples, Florida, less than two miles from Arthrex global headquarters. The existing structures were built in 1989 and would require cost-prohibitive renovations to bring them up to code and finish them to the same level of quality offered by the other units Arthrex has retained.
“Corporate housing winds up being one of the first impressions new employees have of Arthrex,” said Beth, “it sets the tone for what people can expect from working here.”
As a result, Arthrex has partnered with local architect MHK Architecture to design a new five-story building, housing 41 units.
“Most of the units in the proposed building will offer two bedrooms and two bathrooms because that’s what we find most incoming people are looking for,” said Beth.
Units will be turnkey and pet-friendly. Plans also include onsite storage as well as a pool.
“At the pace Arthrex is growing,” said Senior Project Manager Mike Stoupas, “even after the completion of this project, we will still likely need to retain outside units in order to meet the demand for interim housing, but this will give us more control over what we’re able to offer to incoming employees and at what cost to the company.”
According to Beth, the ultimate goal is to make it easier for Arthrex to recruit employees to Southwest Florida and give those new employees time to familiarize themselves with the area, find the right place to live and ultimately feel more at home in the community.
“This project is yet another tool that will help grow the company,” she said.
