Commercial Real Estate
Recent deals completed by SVN Commercial Partners: FGS 3333 Naples, LLC purchased a 7,627 square feet retail plaza, located in Vanderbilt Galleria, for $3 million from Pastoor Properties of Collier County. Patty McClimans of SVN Commercial Partners represented the seller. Keltour USA purchased 14,000 square feet of warehouse space, located at 2673 NE 9th Ave. in…
FORT MYERS — The Real Estate Investment Society (REIS) will be offering ten additional scholarships to students at Florida Gulf Coast University, thanks to the generosity of Vulcan Materials Company. The firm has donated $25,000 to the REIS Scholarship Foundation, which funds scholarships for outstanding students pursuing degrees in real estate, finance, engineering, and construction…
The robust rebound of island businesses in the aftermath of Hurricane Ian continues with two SanCap Chamber condominium complex ribbon-cuttings on Sanibel Island: Loggerhead Cay on East Gulf Drive, on Feb. 5, and Sandpiper Beach on Olde Middle Gulf Drive on Feb. 6. “As our traditional season comes into full swing, we are seeing more…
The Fort Myers Community Redevelopment Agency approved two Commercial Property Improvement Matching Grants for the Downtown Redevelopment Area. In December, the CRA announced that due to a high volume of applications, the 2023-‘24 funding cycle for the Downtown Redevelopment Area was closed. However, the Board of Commissioners approved another $500,000 to add to the Downtown…
Borelli Construction, a premier local custom homebuilder celebrating nearly 45 years in Naples, completed its newest fully furnished luxury model in the Park Shore waterfront community. Located on Pine Grove Lane, this two-story home is completely move-in ready with design and furnishings by R & Co. Designs. The residence features five bedrooms, plus den, and…
BONITA SPRINGS, Fla. – Bonita Springs and Estero brokers and realtors agree that every year has its challenges and that the main challenge looking at 2023 as a whole was the sense of hesitation in the market. There are many factors to consider in the market for the year of 2023. One being the 2-decade…
Kolter Urban, the Palm Beach, Florida-based real estate development and investment firm, is poised to extend its legacy of success to Southwest Florida with the development of The Island at West Bay Club. Situated on Florida’s Paradise Coast within the prestigious West Bay Club community, the 24-story tower will offer 86 residences with spectacular views of…
Stevens Construction completed construction of a 48,000 square-foot luxury home furnishings retailer, Clive Daniel Home, announced Joe Cimilluca, special projects division manager. Stevens Construction transformed a vacant grocery and liquor store into a new showroom for Clive Daniel Home, providing a convenient destination for island clientele. Located on Gladiolus Drive, the project included complete interior…
PBS Contractors begins construction for Spectrum Concierge and Accent Cleaning Services located on Shirley Street in Naples. The groundbreaking to mark the commencement of the renovation took place on Nov. 16. The project is scheduled to be completed in the fall. The scope of this 6,585-square-foot project will include a break room for employees, a…
Housing Authority, City of Fort Myers receives $9.4 million from Florida Housing Finance Corporation
The Housing Authority of the City of Fort Myers recently received $9.4 million in SAIL (State Apartment Initiatives Loan) funding from the Florida Housing Finance Corporation. The SAIL Program provides low-interest loans on a competitive basis to bridge the gap between the affordable housing development’s primary financing and the total cost of the development. The…