Developer pays $3.3M for land, plans 224-unit project

  • By Business Observer Staff
  • | 2:41 p.m. November 11, 2016
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Atlanta-based multifamily developer 360 Residential acquired 20 acres in Fort Myers for $3.3 million.

The developer plans to build a 224-unit luxury apartment complex on the lot, at the northeast corner of Summerlin and Pine Ridge roads, according to a release. Construction could begin as early as the second quarter of 2017, the release adds.

LandQwest Commercial Founding Principal John Mounce represented the seller, Summerlin Ridge LLC.

 

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