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The News-Press provides an update on the high-rise scene in the Fort Myers River District. Leasing activity is increasing – drawing in younger tenants We have seen significant price reductions throughout [...] The eclectic neighborhoods making up historic Old Fort Myers offer an introspective view into the early days of our city. It is not hard to envision early settlers flocking to the neighborhoods surrounding the winter estates of great men like Thomas Edison, Henry Ford and Harvey Firestone. It is most exciting to drive around Old [...] Living in an urban setting where life goes on without jumping in the car several times a day can be very rewarding. I had this experience in my late twenties living in Downtown Boston. Walking to work, jogging along the river and trying new ethnic restaurants…..what could be better! Unlike some of our older [...] As the Red Sox continue their spring training relocation dance with Sarasota, it appears that the most viable spots in Lee County for a new Red Sox complex are in Estero. A new spring training complex in Estero makes all the sense in the world. First and foremost, Estero is close to the Coconut [...] The News-Press has an article about Fort Myers high-rises and some of the challenges developers are facing in today’s market. This market sector was impacted by to heavy investor involvement in the first couple of projects including Beau Rivage and Alta Mar. The market swooned as these projects were coming to completion and [...] The luxury urban lifestyle commonly associated with South Beach has come to the Fort Myers landscape courtesy of the Related Companies and their new project, the Oasis. This development features five 32-story high-rises sited along the Caloosahatchee River in the Downtown Fort Myers River District. With 1,079 units at full build-out, Oasis is the largest [...] The urban lifestyle that is so treasured along 5th Avenue South in Naples is slowly taking shape here in Fort Myers. At the west end of the River District, the tallest building in Southwest Florida is a fantastic anchor for our urban revitalization. Steps away from historic McGregor Boulevard, the Publix Supermarket, Starbucks and [...] Downtown area renamed The Downtown area of Fort Myers along the Caloosahatchee River has been formally named the “River District.” The goal of the new name is to accentuate the positive riverfront location and bring more people and businesses to the area. The new River District logo released by the Fort Myers Redevelopment Agency is both catchy [...] Fort Myers high-rise deposits returned Investors in the proposed riverfront 28-story high-rise the Vue, to be located at at 13oo Hendry Street in downtown Fort Myers, were offered their deposits back. The project has run into difficulties gaining approval from the National Park Service due to its towering presence over Centennial Park. With lackluster resale results [...] Would 24 hour real estate work in Fort Myers? Have you heard about the Manhattan broker whose real estate office is open all night. His name is Michael Shvo and his outrageous antics, including this late-night twist, are often the talk of Gotham City’s real estate trenches. This story led me to ponder whether an all night [...] Keystone project for downtown renewal First Street Village brings a fresh exciting approach to development in Downtown Fort Myers. The mixed-use project will include 356 luxury residential units, 38,000 square feet of office space, and 98,000 square feet of retail space to be anchored by a Publix supermarket. Located on 12.5 acres between McGregor Blvd. and West [...] Downtown makeover underway Downtown Fort Myers Historic District is home to many of the oldest buildings in Lee County. This is an area that I remain bullish on for real estate investments. Just like waterfront property, they are not making any more historic downtown buildings. With several renovations complete it is exciting to see national companies [...] Riverfront 32-story highrises taking shapeHigh Point Place, the “Uptown Waterfront Tower” is rising in Ft. Myers on the banks of the Caloosahatchee River. The project developer is Cameratta Properties of Broadview Heights, Ohio. The Carlyle Group, a highly respected private equity firm with more than $17.5 billion under management, has provided funding for the project. [...] Boutique hotel planned for Downtown Ft. Myers Holiday Inn Corporation is building a boutique-style hotel in Downtown Ft. Myers. The boutique chain, known as Hotel Indigo will be built on Main Street between Monroe and Broadway. The Hotel Indigo chain offers personalized serviced in a smaller upscale setting. This project is great news for the continued revitalization [...] Live, work, shop and play Gated communities have served as the development staple for at least two decades in South Lee County. But as a man once wrote, “The present now will later be past … For the times, they are a-changing.” Representatives from the Lee County government put down notions Monday evening that the county’s land [...] Starbucks investing in downtown Ft. MyersAny long time Gulf Returns reader has endured my whining about the lack of Starbucks in SW Florida. It seemed to me that this area was one of the last populated places left on earth without an invasion from our friends in Seattle.Well that has changed in a big way [...] Urban growth reduces region-wide housing costs Kudos to Matrix for this post regarding a study by Sacramento State University that suggests overall region-wide housing costs drop if a central or downtown area has a 10% growth in housing. These findings differ from the long-standing belief that reducing sprawl drives up housing prices. The study suggests that if [...] Condo resales….riverfront renaissance wrinkles Surprise Surprise, resales of Ft Myers riverfront condos have been disappointing. A year after Fort Myers’ first downtown condominium tower opened, two of its units have sold for less than the initial buyer paid. In one instance, county records indicate, the buyer lost $46,000. In the other, the price dropped almost $34,000. Taken together, the [...] …….Reserve a spot for me Maybe I’d pay $10,000 to talk on the phone with Eva Longoria who portrays Gabrielle on Desperate Housewives……but to talk with a sales rep from the the planned Monaco Resort & Spa in Ft. Myers…..You got to be kiddin me!!! This 27 story luxury project, to be constructed in Downtown Ft. Myers [...] Hotel seeks $875,900 in CRA fundsInvestors behind the proposed downtown Hampton Inn and Suites say they need an $875,900 commitment from the city’s redevelopment district or the project might not be completed. But a committee of high level city officials say the project qualifies for $144,500 of funding through the Community Redevelopment Agency’s tax incremental financing [...] |
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