Lead Photo: Seagate Begins Vertical Construction of Rice Insulation & Glass. Details below.
OASIS GRAND CONDOMINIUM IN FORT MYERS SELLS FOR $71 MILLION
Oasis Grand Tower II, a 32-story, Fort Myers condominium tower near downtown and off Palm Beach Boulevard, sold for $71 million Monday. Westside Capital, an investment group from Miami, bought the tower at 3040 Oasis Grand Blvd., from Lofton Island Development LLC. With 265 units, the average sale price per unit was almost $268,000. The previous owner bought 224 units at $160,000 per unit in 2011. The sale price likely checked in at half of what new construction would have cost, said Jakub Hejl, president of Westside Capital. “We believe there will be tremendous demand – driven in part by the fact that there are a lot more ‘renters by choice’ today – people who are willing to pay a premium for an apartment home in a great location with an array of amenities,” Hejl said. “We’re planning to make some improvements to the property, mostly cosmetic enhancements to bring the common areas and units up to date and also incorporate some smart building technology.”
FIFTH THIRD BANK EXPANDS IN SOUTHWEST FLORIDA
Fifth Third Bank is rolling out some new branch locations in Lee, Collier and Charlotte counties. It’s doing so with the help of a NASCAR-racing Ford Mustang. A life-size replica of the No. 17 race car rolled in Thursday to two new branches, one in Fort Myers and the other in Cape Coral. Four more branches are in the works to open by the end of the year in the area, including one off College Parkway at what used to be a Burger King restaurant that was razed earlier this year. “Florida is a focal point for us,” said Jim Weiss, regional president of the Cincinnati, Ohio-based bank with 34 branches open in Lee, Collier and Charlotte counties and 77 in all of South Florida. The next new Fifth Third Bank will open on Sept. 28 at 9041 College Parkway in Fort Myers. For the full story, click here.
PUBLIX LAUNCHES NEW SUPERMARKET IN NAPLES AREA
Publix Supermarket opened Thursday morning in the new Fiddler’s Creek Plaza, 15050 Sandpiper Lane, along Tamiami Trail East in South Naples. The 52,000-square-foot grocery store includes a drive-thru pharmacy. A Publix Liquors store also is part of the 64,000-square-foot retail center at the new eastern entrance into Fiddler’s Creek gated community. The new grocery store is open 7 a.m. to 9 p.m. daily. Meanwhile, Publix at the Shops of Marco, 175 S. Barfield Drive, will relaunch Sept. 16 after it closed a year ago for demolition and redevelopment on Marco Island. The supermarket anchoring the southern end of the shopping center was expanded from 39,795 square feet to 48,000 square feet with a pharmacy and a liquor store.
MAJORITY OF POLL PARTICIPANTS THINK DESANTIS MISHANDLED PANDEMIC
More than half of Floridians disapprove of the way Gov. Ron DeSantis has handled the pandemic, according to a Quinnipiac University poll with about 1,000 respondents. While 41% of those surveyed say the governor is helping the effort to slow the spread of COVID-19, 46% say he’s hurting that effort. Where the Quinnipiac poll says 60% of adults support a mask mandate in schools, the governor wants parents to decide. To take the WINK News poll, click here.
Video courtesy of WINK News
TURNS OUT NAPLES OWNS ‘DANGEROUS’ SEAWALLS AFTER CITY SUED PROPERTY OWNERS
After the city of Naples spent hundreds of thousands of tax dollars during the last few years filing a lawsuit against property owners along seawalls they said were in disrepair, it turns out that the city owns the seawalls along Gulf Shore Boulevard North and the city ultimately settled. The seawall isn’t just a wall; it’s an entire system that extends about 18 feet inland beneath the public right-of-way in this area. An engineer hired by the city determined that the only area seawall actually failing is along the water near Venetian Bay North Yacht Club in Park Shore. There’s no clear timeline yet on when that seawall will be fixed or how much it will cost, WINK News reports.
CEPD TO BEGIN NEW BEACH RENOURISHMENT PROJECT AUG. 29
The Captiva Erosion Prevention District (CEPD) will begin a new beach renourishment project on Aug. 29 under the guidance of new executive director Jennifer Nelson and technical director Daniel Munt. The project will benefit the foliage, create natural dunes, increase the quality of the beaches for recreational purposes and protect against natural erosion and storms, the district states. Additionally, properties facing the Gulf of Mexico have been grouped into six zones known as Storm Protection Benefits Zones. They will be better protected from storm damage and erosion. CEPD will be working with marine contractor Great Lakes Dredge and Dock to go six miles offshore of the Captiva beaches. As dredges recycle the sand offshore, a unique piping system will distribute the sand on the beach. This project is designed to last for eight to ten years. It was voted on and approved in March 2019 by the Captiva Board of Commissioners and will be partially paid for by the Florida Department of Environmental Protection, Lee County, and assessments levied on the island’s commercial and residential properties that will benefit from the project. For more details on beach maintenance in Southwest Florida, click here.
SEAGATE BEGINS VERTICAL CONSTRUCTION OF RICE INSULATION & GLASS
Seagate Development Group has completed the building pad and commenced vertical construction of Rice Insulation & Glass’ 35,000-square-foot facility at Alico Trade Center. This will be the first tenant at the 40-acre, Seagate-owned business park located off Alico Road and I-75 in Fort Myers. When completed, it will include 3,000 square feet of office space for sales and management teams, such as a reception area with a workstation, a conference room, four oversized offices with 10 workstations, three standard offices, training and break rooms, and closets and restrooms. Additional space is reserved for a warehouse of insulation, glass, shower door and shelving materials, as well as high-dock and grade-level doors and 100 parking spaces. It will be surrounded by other single-tenant, flex and/or industrial buildings. The freestanding building is projected to be complete in the fourth quarter. Studio+ is the architect, while Quattrone & Associates is the civil engineer.
HEATHERWOOD CONSTRUCTION COMPLETES SPORTS CENTER PROJECT AT WILDBLUE
Heatherwood Construction Co. has finished construction on a 13,800-square-foot, state-of-art Sports Center at WildBlue. WildBlue is a 3,500-plus-acre community that features 1,100 preserve and sparkling-lake surrounded home sites located off Corkscrew Road in Estero. The Sports Center includes an exercise room, an aerobics room, a pro shop, a salon and an outdoor bar on the gathering terrace. The project is led by the Bonita-Springs-based team’s senior project manager, Rafael Valdes, as well as supervised by Wade Smallwood. The Sports Center was designed by Humphrey-Rosal Architects.
LEE, CHARLOTTE COUNTIES EARN TOP SPOTS FOR RECYCLING IN FLORIDA
Lee County residents and businesses recycled 76% of the waste generated countywide in 2020, earning second place in Florida. Charlotte and Pinellas counties tied for the top spot with 78% recycling rates. Lee County received credit for recycling 1.6 million of the total 2.2 million tons of waste generated locally in 2020, according to data recently released by the Florida Department of Environmental Protection. The amount of material Lee County residents recycled in 2020 would be enough to fill 152 football fields with material 70 feet high – as high as the tallest point of the Sanibel Bridge. Recycling credits include curbside recycling by residents as well as business recycling of materials such as cardboard, yard waste, scrap metal and construction and demolition debris, among other items. Lee County also receives recycling credit for energy produced from garbage processed at the waste-to-energy plant in Buckingham. Overall waste generation in the county decreased 63,000 tons, or 2.76%, from 2019 to 2020.
THE GOLISANO CHILDREN’S MUSEUM OF NAPLES NAMES COO
The Golisano Children’s Museum of Naples (CMON) has hired Jonathan Foerster as its first chief operating officer (COO). Foerster’s role will begin on Sept. 1. As COO, Foerster will have a wide swath of responsibilities focused on helping CMON increase its capacity and impact in the greater Naples community. With CEO Dena Rae Hancock and the organization’s board of directors, Foerster will help CMON expand upon its mission-focused community service going into its second decade. Foerster has served most recently as director of community affairs at Humane Society Naples. His previous nonprofit work included more than three years as communications director for Artis—Naples and four years as a board member of the United Arts Council of Collier County. Foerster served as a reporter and editor for the Naples Daily News and then Gulfshore Life magazine before moving into nonprofit management.
Youth Haven receives donation from Elizabeth K. Galeana Charitable Foundation
Youth Haven Inc. has received a $27,000 donation from the Elizabeth K. Galeana Charitable Foundation Inc. The funds will replace industrial kitchen appliances, including a double freezer, a refrigerator, and a commercial oven. In addition, the funding will allow the purchase of new washing machines and dryers to replace the existing machines for each of the cottages on its 25-acre therapeutic campus. Youth Haven is a residential shelter for children and teens ages 6-19 removed from their homes due to abuse or neglect. With beds for up to 73 youth, Youth Haven accepts new residents 365 days a year, 24-hours a day, making its food nutrition services program and laundry services an instrumental part of its operations.
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