North Fort Myers
REAL ESTATE
Thousands of SWFL condos for sale as owners face rising assessments and insurance costs
NORTH FORT MYERS, Fla. — Many Southwest Florida condo owners are in trouble financially as they face thousands of dollars in special assessments. There is a rush of people putting their condos up for sale, and buyers are shying away. Florida is now facing a condo crisis as more...
CRA approves $10M increment rebate for One Fort Myers development
Fort Myers Community Redevelopment Agency awarded a $10.06 million tax increment rebate to Eduardo Caballero of Jaxi CMD LLC on behalf of Cedar River at Fort Myers LLC, developer of the One Fort Myers project. Located at 2583 First St., the 21-story condominium building will have 34 residences and 68 parking spaces. The $50 million project was previously awarded an increment rebate of $3,169,855. Construction was originally scheduled to commence in May 2024. A new timeline includes starting construction late fall of 2025 with expected completion in 2026.
National home builder brings 2 developments in Punta Gorda
Arizona-based home construction company Taylor Morrison plans to build two new communities in Punta Gorda. The first, a townhome development, will be open to the public June 1-2 for viewing. The 36-unit Seahaven townhomes, located along West Marion Avenue in the Punta Gorda Isles section, consist of units with three levels, all with private elevators.
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