In a region known for its auto-dependent gated-community lifestyle, an urban walker-friendly condo option is now available. The Residences at Coconut Point is a residential condo community located at the vibrant Coconut Point Mall in Estero, Florida.
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It was wonderful to see that the community leadership in Cape Coral is meeting to strategize about bringing new businesses and attractions to Cape Coral. The economy of the Cape, which has long been fueled by real estate and development, desperately needs to diversify into other areas.
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The much anticipated First Street Village mixed-use project in the Downtown Fort Myers River District is now moving forward. The team developing this project is original developer Camaratta Properties along with Real Capital Solutions, a Denver-based real estate investment company.
First Street Village brings true urbanism to Southwest Florida with 200 new condos joining the existing boutique retail on the site. This downtown location, covering a block between West First Street and historic McGregor Boulevard, offers walking access to shopping, dining, entertainment, and many office buildings.
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The Fort Myers real estate community is buzzing with anticipation due to the upcoming auction of 125 condos at the Oasis high-rise development. Forty of the condos will be sold on an absolute basis with no minimum price. The Oasis owners have brought in the big guns from Washington, DC…..McWilliams | Ballard to market this property. McWilliams | Ballard is known in the Mid-Atlantic region for manufacturing a buzz for developers as they bring new product to market.
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The Fort Myers City Council approved $4.3M to extend the Caloosahatchee River two blocks south to Bay Street in Fort Myers. This river expansion will create a new waterfront basin on space currently used as a parking lot. When completed in late 2011, this expansion is estimated to have an annual economic impact of $76M.
[more] →The minnpost.com has a story about a recent speech given by housing researcher John Mcllwain titled, “The Suburban Century is Over.” Mcllwain predicts a shift in American housing and lifestyle preference away from the white picket fence suburbia towards a more urban lifestyle. In TV terms the wonderful suburban neighborhoods of Leave It To Beaver, The Brady Bunch and Bewitched are fading and the urban lifestyles of the Odd Couple, Mary Tyler Moore and Frazier are coming of age.
[more] →Southwest Florida condo buyers are taking notice of the significant price reductions at the Fort Myers River District high-rise developments. Over the last 12 months $11.4M in Downtown Fort Myers High-rise condos have sold. On a dollars per square foot basis, recent sales have been at about 50% of the price that these condos originally sold for as new construction.
[more] →Bank of America has foreclosed on the Related Group’s Oasis Condominium development in the Fort Myers River District. The $157M filing ranks as the second largest ever in Lee County. Jorge Perez and the team at Related Group had ambitious plans to bring a slice of South Beach to Fort Myers, but missed badly on the Oasis project.
[more] →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 High Point Place sales are brisk – at slightly moderated prices First Street Village – will move forward in future Riviera – 75 units to be auctioned on 05/14/09 We have [...]
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