Krise Commercial Group Announces Plans for Midtown Fort Myers Development

After more than 40 years of selling, buying and renting commercial real estate in and around Lee County and Marietta Georgia, Randy Krise, the Owner/Broker of Krise Commercial Group along with his partner Bahram Khoobehi have announced their plans to develop 5.42 acres in Midtown, Fort Myers. The property is located between Central Avenue, Market Street and Fowler Street. Inspired by the Midtown Fort Myers Integrated Redevelopment Plan Vision, their project, ALDEA, is one of the first planned for Midtown and is expected to transform the landscape of the surrounding area.

ALDEA will occupy an entire city block while still maintaining an intimate urban lifestyle experience with two separate residential buildings that look inward to multi-functional courtyard spaces. This upscale development with an urban-like design will include 300 rentable multifamily units with a mix of studios, one and two bedrooms, several of which offer additional dens that provide support for home office or remote workspace. Amenities include a courtyard pool with fire pits and projection screen, social community room, fitness area and a business lounge to offer multiple locations to expand your remote office experience. The project will also have approximately 30,000 square feet of commercial/retail space and a 540-space parking garage to serve residents and visitors.

ALDEA, estimated to cost nearly $65,000,000, is expected to break ground Fall 2022. The team working with partners Randy and Bahram includes Dean Martin with TDM Consulting, Ron Reitz, AIA and Cathy Roche, AIA with Studio for Architecture, Inc., and DeAngelis Diamond as the Construction Manager. The owners will be applying for TIF Grants through the CRA in downtown Fort Myers.