News & Notes

Philadelphia investor pays $12.9M for Brandon shopping center

In the week's top commercial real estate news, a Sarasota dock builder buys a design studio, a fire sale at a Clearwater Beach apartment building, and construction starts at a Lee technical school.


  • By Louis Llovio
  • | 5:00 a.m. May 25, 2025
  • | 0 Free Articles Remaining!
The Village at Causeway shopping center in Brandon sold for $12.95 million
The Village at Causeway shopping center in Brandon sold for $12.95 million
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Naples, Fort Myers and Charlotte

Construction has started on a new career and technical education post-secondary school in Lee County. The $42 million school, the Heights CareerTech Institute, is being built in Lee’s Harlem Heights community and is at the corner of Gladiolus Drive and Pine Ridge Road. According to the Heights Foundation, which has raised $27.5 million for the project, the site has been cleared and grubbed, and workers are currently raising the elevation by trucking in about 150,000 yards of fill. Construction on the two-story school is expected to take about 16 months. When complete, the institute will offer career and technical education to about 500 students from across the region using curriculum being developed by an advisory group that includes local business owners and professionals. The group has already held its first meeting. The goal, the foundation says on its website, is for HCTI’s industry-credentialed courses to “provide pathways to high-paying, sustainable careers, directly supporting the economic growth and vitality” in the region. Harlem Heights, which is between U.S Highway 41 and San Carlos Boulevard near the barrier islands, was originally settled as a rural agricultural community. Today, the foundation says, the poverty rate for children in is more than twice the county average, with family incomes 40% below the county average.


 

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