This Week in Real Estate: Dec. 3-8

Share on facebook
Share on twitter
Share on linkedin
6-Plex, Towles Garden
Credit: Towles Garden LLC
Lead Photo: 6-Plex, Towles Garden. Credit: Towles Garden LLC. Details below

 

RESIDENTIAL

 

$10.2 MILLION HOME SALE BREAKS RECORD

A newly constructed estate home located at 277 Gulf Shore Blvd. has recently closed for $10.2 million. It is the most expensive price-per-square-foot in the history of Old Naples real estate in a non-beach block, according to Premier Sotheby’s International Realty. The property was marketed exclusively by Rebecca Sinatra of Premier Sotheby’s International Realty’s Broad Avenue office. The home boasts two master suites, three en-suite guest rooms, a large loft with wet bar and balconies from the second floor. For more information, visit premiersothebysrealty.com.

 


Video courtesy WINK News 

FORT MYERS PLANS MORE AFFORDABLE HOUSING IN 2021

The city of Fort Myers is considering creating more affordable housing. A developer wants to begin construction in February on 140 townhomes to be built on the corner of Veronica Shoemaker Boulevard and Edison Avenue. To help fund the $28 million project, the city’s community redevelopment agency is looking at a tax increment rebate for about $5 million. With many people out of a job and the homeless population growing in Fort Myers, nonprofit agencies and local leaders say now is the time to fix the problem, WINK News reports

 

Palmera on the River. Credit: Soho Sight LLC

MULTI-FAMILY DEVELOPMENT SELECTED FOR FORT MYERS CRA REBATE

The Fort Myers Community Redevelopment Agency (CRA) Board of Commissioners has approved a tax increment rebate of $9.535 million for Palmera on the River. Developer Soho Sight LLC will build the seven-story concrete block multi-family community that will feature 221 apartments and a 334-space covered parking structure. This urban infill project will be the first residential tower to be constructed along East First Street since the Beau Rivage, Riviera, and St. Tropez high rises were completed a dozen years ago. Palmera on the River is a project in line with the Fort Myers Downtown Redevelopment Plan, which provides for “vastly improving the economic and social conditions of the community,” according to the Fort Myers CRA. The total cost of the project will be $56.6 million. When completed, the project is estimated to add $36.6 million to the City of Fort Myers’ tax base. For more information, visit cityftmyers.com/cra.

 

FORT MYERS CRA SUPPORTS MORE AFFORDABLE HOUSING IN REDEVELOPMENT AREA

The Fort Myers Community Redevelopment Agency (CRA) Board of Commissioners has approved a tax increment rebate of $4.9 million for the development of Towles Garden, a 140-unit affordable townhome community. Towles Garden is a project that the redevelopment plan for Dr. Martin Luther King, Jr. Blvd./VSSB Plan supports and Florida State Statute 163.345(1) encourages working with private enterprise. Developer Towles Garden LLC proposes a $28.7 million investment of 67 affordable and 73 attainable townhomes, to be priced at $200,005 and $210,123 respectively. Units will range in size from 900 to 1,250 square feet. It is estimated that when sold, these units will add $18.5 million (adjusting for $3.5 million in homestead exemptions) to the Fort Myers’ tax base. Construction is expected to begin in February 2021 and be completed in August 2022. For more information, click here

 

Shelby model

D.R. HORTON OPENS SHELBY MODEL IN ROYAL PALM GOLF ESTATES 

D.R. Horton Southwest Florida has opened the Shelby model home as the first of its five floor plans in Royal Palm Golf Estates. This comes two months after the homebuilder purchased 70 homesites in the gated community located on U.S. 41, approximately six miles southeast of Collier Blvd. The 2,221-square-foot Shelby model features three bedrooms and a den, two-and-a-half bathrooms, and a three-plus-tandem-car garage. The outdoor living area includes a covered lanai, pool and spa, and outdoor pool bath.

 

Pembrook

LONDON BAY COMMENCES CONSTRUCTION ON THE PEMBROOK IN MEDITERRA

London Bay Homes has commenced construction on the new Pembrook estate home in Mediterra. The 3,527-square-foot Pembrook’s open-concept floor plan offers a spacious living area and separate dining space. The home also features a private study, owner’s suite with dual walk-in closets and a spa-like bath with a freestanding oval soaking tub and glass-enclosed shower. A pair of additional suites offer accommodations for guests. With a three-car garage, the Pembrook is scheduled for completion in 2021. In Mediterra’s Cabreo neighborhood, London Bay Homes’ 3,377-square-foot Mallory move-in ready home is also underway. It will be move-in ready in April 2021 and available for $1.81 million. For more information, visit  MediterraNaples.com.

 

Forge Construction spec home

CLIVE DANIEL HOME INSTALLS $4.3M FORGE CONSTRUCTION SPEC HOME IN NAPLES

Clive Daniel Home’s multiple award-winning interior design team of Michael Scott, IDS and Thomas Riker provided design services for furniture installation in a 4,601-square-foot, four-bedroom/five-bath Forge Construction spec home in the exclusive Moorings community in Naples. The designers were able to create a soothing interior by sheer inspiration based on the oil-on-water effect. While sea glass blues dominate, the furnishings are modern but comfortable ranging from ink blue in the twin bedroom to soft light gray-blues in the master suite. Lounge in deep-seated chairs adorned in fawn taupe suede, and relax in style in shadow purple leather dining seating. Inside/outside living is prevalent in numerous seating groups surrounded by a contemporary fireplace and a large outdoor television screen. Relax by the beach pool in sleek white loungers. For more information about Clive Daniel Home’s interior design services, visit them online or contact Madeline Tracy, Naples showroom director of business development, at 239-776-0868. 

 

COMMERCIAL

  

Naples Beach Club

HISTORIC NAPLES BEACH CLUB WILL CLOSE MAY 23 FOR SALE AND REDEVELOPMENT

The Naples Beach Hotel & Golf Club is entering its final season before closing May 23, 2021, the longtime local resort announced. The legendary Naples landmark owned and operated by three generations of the Watkins family since 1946 is scheduled to be sold in May to The Athens Group, which plans to redevelop the 125-acre beachfront golf, spa and tennis resort. Plans show the creation of new lodging and residential buildings, including a 220-room luxury hotel and 185 condominiums for a property to be renamed Naples Beach Club Hotel, Residences and Golf Course. There’s still time this season to enjoy more than five months of the historic 319-room resort, which features a beachside swimming complex, a par-71 golf course redesigned by Jack Nicklaus in 2016, Har-Tru tennis courts, a European-style spa, HB’s on the Gulf fine-dining restaurant and the popular Sunset Beach Bar & Grill, one of the best places to view a sunset in Southwest Florida. For reservations, call 239-261-2222 or visit naplesbeachhotel.com

 

NAPLES ACRES SELL FOR $6.72 MILLION

Encompass Health Rehabilitation Hospital of Naples, LLC purchased approximately 10.58 acres of commercial land, part of the Sonoma Oaks PUD, from We Have Arrived, LLC located at 14295 Collier Blvd., Naples, for $6.72 million. Tara Stokes, CCIM and David J. Stevens, CCIM of Investment Properties Corporation negotiated this transaction for the buyer. Justin Thibaut of LSI Companies, Inc. negotiated this transaction for the seller.

 

SANIBEL OFFICE BUILDING SELLS FOR $1.35 MILLION

Sanvet LLC purchased a 4,101-square-foot office building at 1509 Periwinkle Way in Sanibel from Weimarland Enterprises for $1.35 million. Chuck Smith, CCIM of LandQwest Commercial represented the buyer in the transaction. Eric Pfeifer with Pfeifer Realty Group represented the seller.

 

LONGTIME OFFICE SPACE CHANGES TENANTS IN SWIFT SALE IN NORTH NAPLES

Premier Plus Realty Inc. purchased a 3,600-square-foot office suite in Vanderbilt Galleria at 9015 Strada Stell Court, No. 104, in North Naples for $1.08 million. LandQwest Senior Broker Associate Eric Edwards represented the seller, who had the space under contract less than two weeks from it going to market. “The timing was right in that the seller wanted to downsize due to new, remote working standards and simply didn’t need the excess office space,” Edwards says. “The buyer has been a Vanderbilt tenant for over five years, who had intentions of purchasing a space to fit their own needs.” 

 

CAPE CORAL COMMERCIAL PROPERTIES PURCHASED

Joel R. Shapiro Enterprises Inc. sold the property at 447 Cape Coral Pkwy. E, Cape Coral, to Alegian Group Inc. for $999,500. Gary Tasman and Shawn Stoneburner of Cushman & Wakefield | Commercial Property Southwest Florida represented the seller and buyer in negotiating the transaction. Additionally, Joel R. Shapiro Enterprises Inc. sold the property at 1091 NE Pine Island Road, Cape Coral, to Ronald & Sharon Palmer for $379,500. Tasman and Stoneburner represented the seller in negotiating the transaction.

 

FORT MYERS INDUSTRIAL BUILDING BOUGHT FOR $799,000

2915 Colonial, LLC purchased a 9,000-square-foot industrial building at 7091 Pinnacle Drive in Fort Myers from Dean-Stewart Enterprises LLC for $799,000. Adam Palmer, CCIM, SIOR of LandQwest Commercial represented the buyer in the transaction. Coni Dean with Venture Realty & Investments represented the seller.

 

CAPE CORAL RETAIL BUILDING SELLS FOR $575,000

Del Prado Coffee Realty LLC purchased the 1,000-square-foot retail building at 1014 Del Prado Blvd. S. in Cape Coral from Kevin H. Schuman and Carol J. Schuman for $575,000. Bob Pekol of LandQwest Commercial represented the buyer in the transaction. Jack Britton with Professional Realty Consultants represented the seller.

 

INDUSTRIAL PREVAILS WITH ANOTHER $500K DONE DEAL IN CAPE CORAL

Raymond J. & Gayle M. Smith recently purchased the 3,640-square-foot industrial warehouse at 1222 SE 9th Terrace in Cape Coral from 1222 SE 9th Terrace LLC for $500,000. Industrial transactions continue to soar in the fourth quarter, according to LandQwest. By scoping out real estate inventory and monitoring transactions, a common theme is portrayed throughout this pandemic: industrial demand is at an all-time high, and inventory is flying off the market, the company states. Bob O’Connor, associate for the LandQwest Fort Myers office, represented the seller in this transaction. Van Deems with Phil Deems Real Estate represented the buyer.

 

NAPLES UNITS SELL FOR $385,000

1234 Properties LLC purchased 2,016 square feet of commercial space from METROPLEX 1&2 LLC located at 4406 Exchange Ave., Units 101 &102, Naples, for $385,000. Christine McManus, CCIM, SIOR of Investment Properties Corp. represented the seller and Andrew Deane of Andrea Deane and Associates represented the buyer.

 

CAPE CORAL INDUSTRIAL BUILDING BOUGHT FOR $325,000

Sara Della Porta purchased a 3,000-square-foot industrial building at 1204 SE 10th St. in Cape Coral from Copper Holdings of SWF LLC for $325,000. Chuck Smith, CCIM of LandQwest Commercial represented both parties.

 

STEVENS CONSTRUCTION COMPLETES SNEAD EYE GROUP RENOVATION IN BONITA

Stevens Construction’s special projects division has completed an interior renovation of Snead Eye Group  at 28420 Bonita Crossing Blvd., Suite 120, in Bonita Springs. The 2,700-square-foot interior renovation included the lobby, exam rooms, dilation room, optical displays and a nurse station. Stevens Construction delivered the local project two weeks ahead of schedule, completing the work in five weeks. The Stevens Construction special projects team for tenant improvements, additions, renovations, repairs and specialty projects includes Shane Sindledecker, Joe Cimilluca, Norma Cimilluca and Angie Sugg. Christopher J. Lee Architects Inc. was the architect of record and interior design was provided by Daisy Design Group. 

 

SEAGATE DEVELOPMENT GROUP COMPLETES FREIGHTLINER EXPANSION

Seagate Development Group has completed Southport Truck Group’s 6,000-square-foot warehouse at 16110 Lee Road in Fort Myers. This fulfills the new and used truck dealer’s need for extra Freightliner storage and complements the preexisting repair shop and sales parts building, also constructed and designed by Seagate. Crews broke ground on this project in late September. Adjacent to Southport’s original facility, the warehouse reflects a classic industrial design with cement walls, open steel ceilings and fluorescent lighting. The shed-inspired, garage-type structure sits in the Freightliner parking lot for maximized use and multipurpose space.

 

The Family Initiative Lizbeth Benacquisto Autism Support Center building, currently under construction at 734 4th Street, Cape Coral. Credit

CONSTRUCTION MILESTONE REACHED FOR NEW AUTISM SUPPORT CENTER BUILDING

Family Initiative Inc. celebrated a construction milestone with the completed painting of the building’s exterior at the Family Initiative Lizbeth Benacquisto Autism Support Center. The building is located next to the organization’s current headquarters at 730 SW Fourth St. in Cape Coral. The new 3,900 square-foot facility will be the area’s first-of-its-kind hub for championing individuals with Autism Spectrum Disorder (ASD) and their families, according to Family Initiative Inc. It features three cutting-edge clinical rooms for direct, evidence-based assessment; therapeutic intervention; and advanced staff training. Funding for the $400,000 project was sourced through a mix of state and private funds. Fort Myers-based Burt Hill/Pollock Krieg Architects provided design services, and Banks Engineering contributed pro bono site work. Mays Construction is the builder. Build-out of the interior space continues. Construction of the Family Initiative Lizbeth Benacquisto Autism Support Center is expected to be completed by the end of the year, and grand opening celebration events are being planned for early 2021.

 

LEASES

 

Hermès has signed a lease for a 5,000-square-foot boutique at Waterside Shops in Naples. The new store is planned to open for the 2022 holiday season in the freestanding space now occupied by Ralph Lauren between the Lily Pulitzer and Apple stores on the eastern edge of the open-air shopping mall in Pelican Bay. The Ralph Lauren brand may relocate its longtime store within the upscale mall. “We do not discuss ongoing leasing negotiations, but we look forward to continuing our strong partnership with Ralph Lauren,” says Anne Fleming, general manager of Waterside Shops. Ralph Lauren’s existing 5,997-square-foot building will be partially demolished and slightly downsized for Hermès, according to site development plans filed with Collier County by Naples-based Davidson Engineering on behalf of The Forbes Co., the owner of Waterside Shops. Paris-based Hermès, a manufacturer of high-fashion luxury items, specializes in leather goods, home furnishings, jewelry, perfume, scarves, neckties and other hand-made products, clothing and accessories. The Waterside store will be the second Hermès location for The Forbes Co., which has an Hermès boutique at its Mall at Millenia in Orlando. Hermès has other Florida stores in Miami and Palm Beach.

 

Dollar Tree leased 10,800 square feet of retail space at 17901 Summerlin Road in Fort Myers, from BR of Wisconsin 43 LLC. Bob Pekol of LandQwest Commercial (LQWEST.com) represented the landlord. Paige Eber with Katz & Associates represented the tenant.

 

City Mattress Outlet leased 10,099 square feet of retail space in the ‘Palm Pointe Shoppes’ at 11521 S. Cleveland Ave., Suite 1 in Fort Myers, from 2010 Palm Pointe Limited Partnership. Mike Concilla and Laura Cari of LandQwest Commercial represented both parties.

 

Otis Elevator Company leased 6,000 square feet of industrial/flex space for a lease term of two years at 12730 Commonwealth Dr., Units 4-5, Fort Myers, from Westlinks Gateway LLC. Gary Tasman and Shawn Stoneburner of Cushman & Wakefield | Commercial Property Southwest Florida represented the tenant in negotiating the transaction.

 

Breast Imaging Partners leased 5,980 square feet of office space in the ‘Kraft Center’ at 3555 Kraft Road, Suite 350 in Naples, from Kraft Office Center North Parcel LLC. Laura Cari and Adam Palmer, CCIM, SIOR of LandQwest Commercial represented both parties in the transaction.

 

Fort Myers Theatre LLC leased 4,542 square feet of retail/studio space for a lease term of three years at 16120 San Carlos Blvd.,  Nos. 5A, 6A, 6B, Fort Myers, from Kelly Crossing LLC. Gary Tasman and Gretchen Smith of Cushman & Wakefield | Commercial Property Southwest Florida represented the landlord in negotiating the transaction.

 

A& E Paints leased 4,320 square feet of industrial space in ‘Southlinks Commons’ at 12702 Trade Way Drive, Unit 7 in Bonita Springs, from Southlinks Associates LLC. Mike Doyle, CCIM and Adam Palmer, CCIM, SIOR of LandQwest Commercial represented both parties in the transaction.

 

Roque Enterprises Group leased 4,110 square feet of industrial space in ‘Southlinks Commons’ at 12621 Trade Way Drive in Bonita Springs, from Southlinks Associates, LLC. Mike Doyle, CCIM and Adam Palmer, CCIM, SIOR of LandQwest Commercial also represented both parties.

 

Momentum Solar leased 3,800 square feet of industrial/flex space for a lease term of 61 months at 6201 Topaz Ct., Suite 1, Fort Myers, from 6201 Topaz Ct FL LLC. Gary Tasman and Shawn Stoneburner of Cushman & Wakefield | Commercial Property Southwest Florida represented the tenant in negotiating the transaction.

 

All Star Equipment Rentals & Sales leased 3,200 square feet of industrial space in ‘Crystal Drive Park’ at 2351 Crystal Drive, Suite 104 in Fort Myers, from Crystal Drive LLC. Mike Doyle, CCIM and Rokki Rogan, CDPE of LandQwest Commercial represented both parties.

 

Rainforest Academy leased 2,916 square feet of office space at 8570 Granite Court in Fort Myers, from Granite Goose MOB LP. Adam Palmer, CCIM, SIOR of LandQwest Commercial represented the landlord. Krystal Keck with Jones & Co Realty represented the tenant.

 

G.H. Southwest FL LLC leased 2,900 square feet of retail/youth outreach center space for a lease term of 3 years at 4218-B Cleveland Ave, Fort Myers, from Miracle Plaza FM LLC. Gary Tasman and Gretchen Smith of Cushman & Wakefield | Commercial Property Southwest Florida represented the landlord and tenant in negotiating the transaction.

 

Gulfshore Spinal Care LLC leased 1,977 square feet of office space for a lease term of three years and one month at 5256 Summerlin Commons Way, Unit 204, Fort Myers, from Gulf Stream East LLC. Gary Tasman and Gretchen Smith of Cushman & Wakefield | Commercial Property Southwest Florida represented the landlord and tenant in negotiating the transaction.

 

Union Home Mortgage leased 1,567 square feet of office space for a lease term of one year at 5252 Summerlin Commons Way, No. 102, Fort Myers, from Gulf Stream East LLC. Gary Tasman and Gretchen Smith of Cushman & Wakefield | Commercial Property Southwest Florida represented the landlord and tenant in negotiating the transaction.

 

 

ON THE MOVE

  

 

2021 Naples Area Board of Reatlors Board of Directors

The Naples Area Board of Realtors (NABOR) installed its 2021 board of directors and officers in a live virtual ceremony on Dec. 1 from its Naples Conference Center. Corey McCloskey was welcomed as president and is following in the footsteps of her father Phil Wood who served as president in 1986, and her grandfather, John R. Wood, who served as president in 1963 and 1964. The Wood family represents three generations of leadership in NABOR’s history. McCloskey’s first speech as president to NABOR members included a request for continued support as she focuses on improvements to the board’s education, communication and service efforts in 2021. Additional 2021 NABOR Board of Directors include Ryan Bleggi, president-elect; Adam Vellano, vice president/secretary; Nick Bobzien, treasurer; and directors PJ Smith, Terrilyn VanGorder, Paula Angelopoulos Urbinati, Christine Citrano, Stuart Tackett, David Puskaric, and Lauren Melo.

 

John R. Wood Properties, a real estate brokerage in Southwest Florida, has added nine new agents throughout the month of November. In Collier County, Dan Brunell and Janice Robinson have joined the Fifth Avenue South and Central offices, respectively. In Lee County, Deborah Bateman has joined the Bonita Springs office; Rodney Balmer, Debbie Corey, Linda Davis, and Frank Ward have joined the Fort Myers office; Alfonso Padilla and Shannon Sayers have joined the Cape Coral office.

 

An artists’ rendering of the rear deck of Parkview at Cambier.

John R. Wood Properties’ Earls | Lappin team has been named the listing broker for Parkview at Cambier, a four-unit luxury residential condominium development located at 675 Eighth Street South in Olde Naples. Currently in the pre-construction stages, each Parkview at Cambier residence will have three bedrooms, study, three full baths and one powder bath in 3,912 square feet of living area. The project is being developed by Frank Meak with design by MHK Architecture & Planning, landscape architecture by Christian Andrea, ASLA, PLA, principal of architectural land design, and interior design by Suzanne Costa Interiors. Residences are offered at $6.795 million, furnished. For details, visit parkviewatcambier.com.

 

 

KUDOS

 

Trinity Commercial Group

Several volunteers from Trinity Commercial Group participated in the company’s annual United Way Day of Caring. This year, Trinity packaged food for United Way’s partner agency, Meals of Hope. Volunteers wore masks and were socially distanced throughout the conference room at United Way’s main campus to pack more than 10,000 fortified, nutritious meals to distribute to local families through Meal of Hope’s food distribution program. United Way’s Days of Caring is a year-round program that connects groups with nonprofit agencies in need of assistance. To set up a Day of Caring, contact Kim Berghs at 239-433-7547 or Kim@UnitedWayLee.org.

 

Norris Furniture & Interiors is providing furniture and furnishings to a local wounded veteran as part of “Military Makeover,” airing on Lifetime Network. The national series transforms the homes and lives of military veterans and their families. A resident of Cape Coral, Army Staff Sgt. Daniel Burgess was chosen to have his home renovated as part of the television series. In 2011, Burgess was injured by a hidden improvised explosive device (IED) as he was working with Marines to help a population in Afghanistan identify, avoid, and remove explosive traps left by the Taliban. The recovery process from his injuries is still ongoing, and his family desires to make their home safer and more accommodating for him. Norris designer Angela DiFranceisco will coordinate with Home & Garden Television’s (HGTV) Jennifer Bertrand to select several items for the Burgess’ dining room and master bedroom at Norris’ Fort Myers showroom. Norris will deliver all of the furniture to the newly renovated home and be part of the reveal on Dec. 12. The full renovation will be unveiled in a seven-part series of the “Military Makeover” program airing on Lifetime Network starting Feb. 12 and concluding March 26.

 

Don’t be the last to know what’s happening in Southwest Florida. Sign up for our free daily newsletter, Gulfshore Business Daily, to stay connected. 

GET SOUTHWEST FLORIDA'S BEST VIEW OF BUSINESS STRAIGHT TO YOUR INBOX.

You May Also Like

Post-high school education on the rise

Little by little, Southwest Florida’s workforce is getting more skilled. The FutureMakers Coalition is an initiative by local leaders to raise the overall education level...

The Economy, the Pandemic and FGCU

The last 18 months have been an economic roller coaster for Southwest Florida. One would be hard-pressed to find any economist or soothsayer who predicted...