Ohio joint venture forging ahead with downtown Fort Myers apartments

While Miami’s Jaxi Builders evaluates whether to proceed with a trio of condominium towers in its One and Allure projects, an Ohio joint venture is forging ahead with plans for upscale multifamily rentals in downtown Fort Myers.

ESH Fort Myers LLC, a joint venture between Silver Hills Development Inc. and Edwards Cos., both of Shaker Heights, Ohio, closed on a $12.5 million site last year that represents one of the last remaining waterfront sites in the city.