Miami investor launches $250M multifamily fund targeting Tampa

Naples/Fort Myers

Bargain basement: The price has been lowered on 5,500-acre parcel in Collier County. Gopher Ridge, just north of Immokalee and immediately northwest of the Immokalee Airport, was originally listed at $57.8 million and can now be bought for $44.5 million. SVN Saunders Ralston Dantzler is listing the property, which has historically produced high-yielding round oranges for juice production and is primed, according to the listing, for “future residential development with 1,763 acres with a (future land use) of 4-8 units per acre and large acreage land banking.”

Sail on, sailor: Construction is expected to begin June 1 on a long-awaited boat storage facility at the Compass Rose Marina on Fort Myers Beach. The facility will include 286 dry storage slips. Given Hurricane Ian, the structure is being built using concrete and steel in order to withstand winds of up to 200 miles per hour and a Category 5 hurricane. Future plans for the marina include 29 wet slips and 30,000 square feet of retail, office and mini-storage space. There is no timeline for the project given it will be built in phases, a spokesperson says.