Saint James City
Saint James City, FL · Real Estate
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Fort Myers panel backs $24M tax rebate for Midtown Yards
The $367 million planned development where the former News-Press building now stands has a name, but demolition and construction are still more than a year away. The advisory board of the Community Redevelopment Agency recommended approval of $24 million in tax breaks over 14 years during a meeting Nov. 4. The board backed the amount despite a consultant’s recommendation that the CRA give only $20 million in tax breaks.
Robb Report
A Mystery Buyer Has Spent $311 Million Assembling a 19-Acre Waterfront Estate in Naples
Someone has spent $311 million buying up a stretch of Gulf-front property in Naples, Florida, though exactly who—and what they intend to do with it—remains a mystery. The purchases span nearly 19 acres along Gordon Drive in the Port Royal neighborhood, in one of the country’s most expensive residential enclaves. The Black Rock Coffee Bar Founders Are Selling Their 40-Acre Oregon Ranch for $10.9 Million According to the Wall Street Journal , the buyer first paid $225 million in 2025 for a roughly 15-acre compound previously owned by Canada’s DeGroote family. The purchase covered three contiguous properties and set a record for the largest residential sale in Florida’s history. Fourteen months later, the buyer returned for a neighboring property, paying another $86 million to Ralph and Shelly Stayer, minority owners of the Milwaukee Brewers baseball franchise. Both purchases were made through a land trust, with nondisclosure agreements keeping the buyer’s identity under wraps. There are already signs that the existing residences may not be around for long. According to The Real Deal, demolition permits have been sought for the sites, and the city has approved the removal of several structures, including homes and guesthouses. Applications for new construction, however, are
DMR News
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KW firm goes independent; Real adds 30-agent brokerage
Editor's note: The brokerage business is a busy one, with frequent moves, mergers and milestones. Here we highlight some of the latest activity among brokerages across the U.S. Michigan firm parts with KW to go independent. Glover Agency has become an independent brokerage after 17 years with Keller Williams, a...
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gulfshorebusiness.com
M Development’s lease battles reshape downtown Naples
In the five years since Aspen-based M Development arrived in downtown Naples, with its purchase of the old St. George & the Dragon restaurant property and surrounding parcels, it’s steadily continued to buy prime city real estate and attract new tenants. Although it sold its interest in that 4.3-acre...