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News & Notes

Price drops 7% on prime Sarasota property

In the week's top commercial real estate news, a senior living facility to open in North Port, waterfront land hits the market in Hillsborough County and a warehouse sells in Fort Myers.


  • By Louis Llovio
  • | 5:00 a.m. February 25, 2024
  • | 0 Free Articles Remaining!
The 0.57-acre parcel of property that could fit an apartment building and retail is for sale at 575 N. Washington Blvd. in Gillespie Park.
The 0.57-acre parcel of property that could fit an apartment building and retail is for sale at 575 N. Washington Blvd. in Gillespie Park.
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  • Florida
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Naples/Fort Myers/Charlotte

Manufactured living: A 55-and-over manufactured home community is opening in Fort Myers and the builder has begun pre-selling the houses. The development at 16711 McGregor Blvd. is called Osprey Bay. When complete, the community will have 470 homes with 12 floor plans available. Prices start at $180,000 at a time when Zillow reports the average home price in the city is $366,739. Among the amenities are a 5,000-square-foot clubhouse with a catering kitchen as well a putting green and pickleball and bocce courts. According to a news release, the homes are built “to withstand the highest wind zone standards and natural elements.” A grand opening event was held Feb. 24 and move-ins will begin in the spring or summer.

Not going anywhere: DHL Express has bought a 14,760-square-foot warehouse building at 10089 Amberwood Road in Fort Myers. According to LQ Commercial Real Estate Services, the company paid $2.4 million for the property. Naples-based LQ represented the seller, a local LLC that, Lee County property records show, paid $1.38 million for the property in 2022. According to the listing, the warehouse sits on 1.76-acres and includes cross-bay industrial space, 12 roll-up, grade-level doors and three loading docks. DHL is quite familiar with this property: it has leased the warehouse since 2011.

 


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author

Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.

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