Many consider High Point Place to be the premium Fort Myers waterfront high-rise development. This 32-story project is the tallest building between Tampa and Miami and is located in a very walkable location the closest to Downtown Fort Myers. The views over the wide Caloosahatchee River are stunning from High Point units.
Many top land planing experts, economists and local leaders met yesterday in Downtown Fort Myers to discuss land planning for the next 25 years in the Fort Myers area.
Cameratta Properties, the developer of High Point Place in downtown Fort Myers has sold the remaining 76 units in the project to Denver-based Real Capital Solutions. Cameratta’s planned First Street Village and 511-acre Preserve at Corkscrew were also acquired by Real Capital Solutions.
This transaction, which provides an infusion of professional capital, bodes well for the highly-regarded High Point Place high-rise development. Real Capital is acquiring the 76 units for $13.1M or about $172,000 per condo. From a valuation standpoint, it looks like Real Capitol was able to get a 47% discount on this bulk purchase. Over the past year, 17 units that have sold at High Point Place at a median price of $325,000.
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.
A really quick Fort Myers short sale…..must be an oxymoron or a Realtors’ late night long tale! Well not always, our team recently closed a short sale in 37 days! This transaction was for a High Point Place condo located at 2090 W. 1st Street #1609 in the Downtown Fort Myers River District.
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[…]
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[…]