Senior housing project defaults on loan

Campo Felice has suffered under the double weight of pandemic and debt.

  • By Kevin McQuaid
  • | 6:00 a.m. August 28, 2020
  • | 0 Free Articles Remaining!
COURTESY RENDERING — Campo Felice opened in 2017 in a former hotel. Many senior housing properties have suffered because of the coronavirus pandemic.
COURTESY RENDERING — Campo Felice opened in 2017 in a former hotel. Many senior housing properties have suffered because of the coronavirus pandemic.
  • Commercial Real Estate
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Campo Felice, a towering senior housing project in Fort Myers that was once a derelict hotel, has apparently defaulted on its mortgage.

In all, more than $63.7 million in debt is outstanding, according to the commercial real estate brokerage firm that has been tasked with selling the note. Brokerage firm Newmark Knight Frank currently lists the loan as “non-performing” and “in payment default.”

 

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