Miami developer receives tax benefit extension

Fort Myers' CRA agreement comes as Jaxi Builders is marketing condo site for sale

  • By Kevin McQuaid
  • | 6:00 a.m. January 17, 2020
  • | 0 Free Articles Remaining!
COURTESY RENDERING — The planned Allure condominium project in Fort Myers has received an extension on its start date that will keep tax benefits in place through July 1.
COURTESY RENDERING — The planned Allure condominium project in Fort Myers has received an extension on its start date that will keep tax benefits in place through July 1.
  • Commercial Real Estate
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Miami developer Jaxi Builders last month received a construction start extension from the Fort Myers’ Community Redevelopment Agency (CRA) that will keep $3.2 million in tax benefits in place through midyear.

The Tax Increment Financing rebate pertains to a vacant 5.7-acre site on First Street, just outside the city’s downtown, where Jaxi plans to erect a trio of upscale condominium towers.

 

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