In a significant transaction within the commercial real estate sector in Fort Myers, a 20,000-square-foot retail plaza located at 12125 S. Cleveland Ave. has been acquired by local investors for $4.8 million.
The purchase of the retail plaza signifies a notable event in Fort Myers’ real estate market. The buyer, DCD Partners, is linked to David Crowther, president and founder of CRS Roofing, through its match with the company’s address in the state’s Division of Corporations database. The plaza, built in 1977 and occupying 1.98 acres, was formerly held by the Cleveland Crystal Plaza LLC, which had acquired it for $3.29 million in 2020.
Representatives from Colliers, including Dannielle Robinson, assisted the buyer, while the seller’s interests were managed by Alex Henderson, Max Molloy, and Sawyer Gregory from LSI Co. Notably, LSI has been active with other recent sales, exemplified by its transaction of a 2,440-square-foot industrial property in Naples for $1.07 million, which was conducted by Eric Edwards.
Meanwhile, the Collier County Foundation has proactively enhanced housing solutions in the region by awarding $95,760 in grants to The Housing Alliance. These funds are earmarked for programs supporting workforce housing stabilization, a Housing Navigator initiative, and professional fundraising development. Understanding the foundational support, it’s evident this addresses critical housing challenges.
In addition to these developments, a land acquisition in Temple Terrace indicates potential growth in the housing market. An LLC tied to Jobalia Development Group acquired 6.7 acres for $1.08 million for residential development. This signals future plans for a single-family home subdivision, aligning with the firm’s history of statewide residential projects.
Furthermore, in St. Petersburg, Savage Coffees, a Panamanian coffee roaster, is set to launch its first U.S. retail location in The Nolen, a high-rise condominium currently under construction. This expansion represents a significant step for the company, founded by Jamison and Leslie Savage, into the American market.
Lastly, downtown Sarasota may soon welcome a new Tempo Hotel by Hilton. Proposed for development on Fruitville Road, this nine-story hotel would replace existing businesses and contribute to the bustling traffic area’s hospitality offerings. Its strategic location in the Downtown Core zone district simplifies its approval process, barring the need for City Commission oversight.
The array of recent property transactions and developments across Fort Myers and surrounding areas underscores the dynamic nature of the local real estate market. From significant property sales and new retail ventures to pressing housing solutions and hospitality expansions, these actions collectively highlight the ongoing growth and opportunities within the region.
Source: Businessobserverfl
