Buyer with ties to Polish outlet mall pays $7.1M for beachfront hotel

Fort Myers/Naples

Green light: Developers behind the Naples Beach Club won unanimous approval from Naples City Council March 22 for some changes to the site plan for the beach side residences in the redevelopment. The changes approved by the city cut the density of the residences by reducing the number of units, provide better "view corridors" to the Gulf of Mexico and reduce traffic. The $1 billion redevelopment is a transformation of the historic Naples Beach Hotel & Golf Club that will include a hotel operated by the Four Seasons Hotels and Resorts and up to 185 luxury condominiums. City council will take up changes to the market and conference center portion of the 126-acre project in April.

Moving time: Construction has started on a 25,000-square-foot warehouse for Trend Moving & Storage. The moving company will use the space at the Alico Trade Center off of Interstate 75 in Fort Myers for storage and administrative offices. The building, being constructed by Seagate Development Group, will be single story and the company is expected to move into it later this year. Trend operates in New Hampshire and Florida. Its current office is in Bonita Springs, though it’s unclear if the company will keep a presence at that location.