Dunedin food hall up for sale

Naples, Fort Myers and Charlotte

Encore Multifamily has borrowed $48.7 million in order to build a new apartment community in Fort Myers. The Dallas developer borrowed the fixed rate HUD loan to build at 13501 Powers Court. The property is at the Powerscourt Centre on the south side of Daniels Parkway, west of Interstate 75. Encore Daniels Falls, as the 240-unit complex will be known, sits on 6.73-acres and be made up of studio, one-, two- and three-bedroom apartments. Construction on the project began Dec. 16 and is expected to be ready for residents by the third quarter of next year. Encore Multifamily is a division of Encore Enterprises. Since being founded in 2008, it has completed 49 deals worth about $2 billion. The company says the division has bought, sold or developed more than 10,000 units. 

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