The Miami Herald reports that Miami Heat president Pat Riley is being sued by a real estate broker over commissions associated with the Fort Myers land where Riley has developed the mixed-use Forum project. The broker claims Riley owes him millions as a result of a handshake deal they made 12 years ago. With no written documentation and a couple of deceased witnesses, on the surface this case appears to be a shakedown rather than a handshake deal.
The development of the Forum has truly changed the face of Fort Myers near the interchange of I-75 and Colonial Boulevard. Big box stores including Home Depot, Target Staples, Petco and Bed & Bath have filled a major shopping void in this part of the city. Restaurants including Five Guys, Subway and Bajio Mexican Grill round out the Forum at Fort Myers experience.
The residential component of the Forum at Fort Myers includes two discrete neighborhoods, the Colonnade at the Forum featuring town homes currently available starting under $100,000 and The Promenade at the Forum featuring single-family homes currently available starting at $165,000.
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The UPI picked up the Pat Riley lawsuit story