CAPE CORAL — Robert Hensley, who developed one of the most significant residential landmarks in Cape Coral, died March 2. He was 56.
Hensley developed Tarpon Point, a waterfront residential development that was at the heart of a $340 million foreclosure case during the bust, one of the region's largest real estate defaults.
Hensley, through his company Grosse Pointe Development, developed 150 acres into a luxury oasis in Cape Coral in 2001. Financed by a Dutch lender, the development was initially a huge success during the boom when people camped out for a chance to buy a condo there.
But the real estate bust ensued and investors fled the market starting in 2007, abandoning their deposits. Tarpon Point eventually became part of one the region's largest foreclosure cases.
Hensley moved to Southwest Florida from Grosse Pointe, Mich., in the early 1980s and quickly rose to prominence as the area's population grew. Hensley developed more than $1 billion worth of commercial and residential projects in the area.
Besides Tarpon Point, his projects included condos at Palmas Del Sol in Gulf Harbour Yacht & Country Club in Fort Myers, homes at The Residences at Bell Tower Park in Fort Myers and the master-planned residential and commercial development called Summerlake in Orange County. Hensley's company also owned and operated a 1,280-acre limestone rock mine in Bonita Springs that he planned to turn into a residential community.