Commercial Real Estate

Share Your Quarterly CRE Updates

06/03/2024

As you may know, Southwest Florida Business Today has been publishing its “Commercial RE Market” for the past eight years. “Commercial RE Market” is a quarterly look at commercial real estate trends and topics in Southwest Florida. The July issue deadlines for editorial content 5 pm Wed. June 12 and ad space and proof deadline…

CRA approves grants for Cleveland Avenue properties

05/27/2024

The Fort Myers Community Redevelopment Agency recently approved two Commercial Property Improvement Matching Grants for the Cleveland Avenue redevelopment area. The first grant was awarded to RTTHREEM, located at 2809-2811 Cleveland Ave. in the not-to- exceed amount of $75,260.45. The funds will be used to improve the parking lot, install new fencing, landscaping, new signage…

CRA approves improvement matching grant in MLK corridor

05/27/2024

The Fort Myers Community Redevelopment Agency recently approved a Commercial Property Improvement Matching Grant for the MLK Redevelopment Area. The grant was approved in the not-to- exceed amount of $200,000 for New Next Level Holdings, Inc., located at 3637 Dr. Martin Luther King Jr. Blvd. The funds will be used to install new fencing, parking…

Healthcare Network breaks ground on Orangetree Health Center in Collier County

05/24/2024

Healthcare Network hosted a groundbreaking on May 21 that signals the start of construction for its future Orangetree Community Health Center in the north-central region of Collier County. The $15-million, two story medical complex will ensure that more than 41,000 residents in the Orangetree area, including Golden Gate Estates, will have access to high-quality medical…

Countryside 2.0 begins foundation work at Countryside Golf & Country Club

05/24/2024

Countryside Golf & Country Club in Naples is nearing another milestone as it begins foundation work of its self-described “Countryside 2.0” project, a comprehensive renovation that expands dining, social and recreation amenities while modernizing the community’s clubhouse. “The dynamics of our community are evolving,” said Joe Smith, Countryside’s general manager and chief operating officer. “We…

The Sanibel Captiva Trust Company celebrates ribbon cutting for new Fort Myers office

05/24/2024

The Sanibel Captiva Trust Company celebrated its expansion into Fort Myers with a ribbon cutting ceremony on May 21 at its new Bell Tower office. Located at 13525 Bell Tower Drive, the 10,520-square-foot, two-story building is convenient for the firm’s growing base of clients in Fort Myers, Cape Coral, Estero and Bonita Springs. The building’s…

Commercial investors should consider tax appeal

05/20/2024

As commercial real estate investors look for ways to brace themselves against prolonged weak market performance in troubled regions nationwide, those whose properties have decreased in value should consider property tax appeal. At the heart of the discussion lies the potential for significant tax savings through a reduction in the property’s assessed value via an…

Stevens Construction begins Shalimar Beach Resort

05/20/2024

Stevens Construction has started construction of Shalimar Beach Resort located at 2823 W. Gulf Drive on Sanibel Island, announced Dan Adams, executive vice president/partner, Stevens Construction, Inc. Kicking off construction with a groundbreaking ceremony in March, Shalimar Beach Resort, the first ground-up resort to begin construction after Hurricane Ian, will be a 52,207-square-foot resort with…

The Sanibel Captiva Trust Company opens new office in Fort Myers

05/07/2024

The Sanibel Captiva Trust Company continues its expansion across Florida’s west coast with the opening of its seventh office, a two-story office building in Fort Myers with plenty of room for growth. The new location, 13525 Bell Tower Drive, is on the southeast side of Bell Tower at the corner of U.S. 41 and Daniels…

Compass Hotel By Margaritaville celebrates grand opening in Naples

05/02/2024

More than 200 dignitaries, community partners and guests came together on April 24 for a ribbon cutting ceremony to commemorate the grand opening of Compass Hotel By Margaritaville Naples. Located at 4805 Tamiami Trail N. in the heart of Naples, the all-suite, boutique-style hotel by TPI Hospitality features 119 suites offering studio, one-bedroom or two-bedroom…