1,300-home master-planned community coming to Punta Gorda

Naples/Fort Myers

New blood: Two new tenants are coming to Tri-County 75, the recently finished 72-acre industrial park in Fort Myers. Glenstar Logistics, the park’s developer, says the tenants are taking a total of 75,650 square feet. Construction on the park began last year. It is on Tri-County Commerce Way and is made up of four buildings totaling 816,866 square feet. Florida water bottle manufacturer Coldest is leasing 52,866 square feet of warehouse and office space in Building 4. Its moving from it current 15,000-square-foot warehouse in the city. The other new tenant is an unnamed transportation and logistics services company which leased 22,784 square feet in Building 4. It will use the space as a holding facility for packages waiting to be sent off for delivery.

What housing slump?: If you’re wondering why housing sales are down but average prices keep going up, here’s a clue. The Ritz-Carlton Residence, Estero Bay has sold 60% of its units with purchases topping $300 million, according to a statement. Construction on the 22-story tower began earlier this year. The property, when done, will include 224 two-, three- and four-bedroom units ranging in size from 2,628 square feet to 3,885 square feet. Each has an unobstructed of the bay, balcony and private elevator entry. Prices start at $3 million. The tower is being developed by London Bay Development. The Naples developer recently paid $38.2 million for the 10-acre Fort Myers Beach property where the Outrigger Beach Resort and Charley’s Boathouse Grill stood before Hurricane Ian.