Sign In | Create an Account | Welcome, . My Account | Logout | Subscribe | Submit News | Staff Contacts | Home RSS
 
 
 

Real Estate Briefs 1-10-2020

January 10, 2020
Cape Coral Daily Breeze

Fischler Property arranges sale of downtown Fort Myers riverfront site for $12.5 million

ESH Fort Myers, LLC, an investor group from Ohio, has purchased the 5.3-acre riverfront parcel, formerly known as OneWest, at 2220 First St., in downtown Fort Myers. Located at the corner of First Street and Altamont Avenue, the site neighbors the Publix-anchored First Street Village and the highly anticipated West End at City Walk apartments, currently under construction.

One of the few remaining parcels with river frontage, the investment traded for $12.5 million and will be home to two luxury apartment buildings, four and five stories tall, and will include a parking structure.

Fischler Property Company, a commercial real estate firm focused on the sale of urban investment properties and land for development across Southwest Florida, represented the seller, iStar Financial. No other brokers were involved.

Celebrating its 10th anniversary, FPC represents commercial investors and developers from Toronto, Tel Aviv, So Paulo, San Francisco, Indianapolis, Dallas, Cleveland, Columbus, New York, Atlanta and Miami.

FPC is headquartered at 1605 Hendry St., in downtown Fort Myers. For more information, call (239) 895-1060. Online at FischlerCo.com.

Babcock Ranch to hold Festival of Kites

Babcock Ranch, America's first solar-powered town located just northeast of Fort Myers on Babcock Ranch Road/State Road 31, is hosting the Festival of Kites in Jack Peeples Park Saturday, Jan. 25, from noon to 5 p.m., rain or shine.

This family friendly event features a day of fun and free kite kits for children while supplies last, along with tours of Babcock Ranch's model homes and food truck tastings.

Bring a chair or blanket and watch world-renowned kite makers and fliers showcase their talents in large kites and inflatables with flying demos.

Air-conditioned shuttles will be available for self-guided tours of more than two dozen furnished Babcock Ranch model homes open for viewing. Guests who register online will be invited to sample menu items from local favorite food trucks at every stop. Visit www.BabcockRanch.com/events to register, then stop in at Woodlea Hall Discovery Center on event day to pick up your bracelet and start your tour. Model home tours and bracelets are limited to the first 500 guests to register.

Windworks will host an onsite Wind Garden with kites and accessories available for purchase.

For more information about Southwest Florida's new town, visit the Woodlea Hall Discovery Center at 42850 Crescent Loop in Babcock Ranch, call 877-709-6620, or visit www.BabcockRanch.com.

Timber Creek development approved

Located at the west corner of State Road 82 and Daniels Parkway, Timber Creek will serve as the future home for a new residential community that will expand options for eastern Lehigh Acres-Fort Myers homeowners. Following a multi-year comprehensive plan amendment process that was approved by Lee County, Morris-Depew Associates secured development permits for the 695-acre mixed-use project.

Approximately 40 acres will be used for mixed planned development, permitted for 250,000 square feet of commercial uses, including 50,000 square feet of medical office and a 150-room hotel. The remaining 655-acre residential planned development will be owned by the Lennar Corporation and offer a mix of single-family and multi-family units.

The firm's efforts began with a full due diligence of the property and entitlement strategy led by Planning Director Tina Ekblad, along with conceptual site planning efforts by Director of Landscape Architecture Michael Ekblad. Once contract negotiations were complete, the firm began preparation of a Comprehensive Plan Amendment to re-designate 628 acres from the Density Reduction/Groundwater Resource and Future Land Use to Sub-Outlying Suburban, and a companion Planned Development rezoning for the residential and mixed-use development tracts.

The project was previously unanimously approved by the Lee County Board of County Commissioners and the Lehigh Acres Architectural, Planning & Zoning Review Board and commenced construction earlier this year.

Celebrating 30 years of serving Southwest Florida, Morris-Depew Associates is a multiservice consulting firm with specialties in civil engineering, land planning, expert witness, landscape architecture and surveying and mapping services.

For more information, contact 239-337-3993 or visit www.morris-depew.com.

 
 
 

 

I am looking for:
in:
News, Blogs & Events Web