CRA Projects

Cleveland Avenue

Grand central after picture

Grand Central*

This former abandoned mobile home park has been transformed into a 280-unit, market-rate apartment complex with 15,000 sq. ft. of commercial space along Cleveland Avenue. It is located at 4944 S. Cleveland Avenue. The commercial development includes Krispy Kreme, Jimmy John’s, AT&T, and the $5 million Suncoast Express Wash, Inc., luxury car wash. Grand Central was the first Cleveland Avenue project to use Nutrient Bank Stormwater Credits in lieu of building its own system. It was selected for a Fort Myers Community Redevelopment (CRA) tax rebate, to be issued with a rate of 95% for Years 1 and 2 and a rate of 77% for Years 3-12, not exceeding a total of $4,450,000. Grand Central’s developer Aileron Investment Management also agreed to sell the back portion of their land to the City of Fort Myers to construct much-needed parking lot for the Sam Fleishman Regional Sports Complex. The project created 453 total jobs, generated $16,783,794 of household earnings, added $31,207,234 of value to the regional economy, and increased regional demand by $59,628,854. (Wagner Consulting Group Economic Study). The complex opened in 2020.

Grand Central complex entry sign

Grand Central Project Timeline & Events

  • 2016 In May, project is approved for a $4.45 million tax rebate, which will be issued with a rate of 95% for Years 1 and 2 and a rate of 77% for Years 3-12.
  • 2018 Krispy Kreme hosts its grand opening on October 16 with free doughnuts. When this first-ever Southwest Florida location opened, the lines of cars waiting for doughnuts waiting along Cleveland Avenue/U.S. 41 required traffic control, made the local news, and the doughnut shop was the talk of the town for weeks.
  • 2019 Suncoast Express Wash, Inc., opens in February.
  • 2019 Project was completed in December.
  • 2020 Official ribbon cutting ceremony and grand opening held on February 20.


Downtown

Aerial View of Luminary Hotel and Caloosa Sound Convention Center Finished

Luminary Hotel*

Luminary Hotel & Co. is home to the signature Silver King Ocean Brasserie, the Beacon Social Drinkery rooftop lounge, The Workshop culinary theater, an indoor and outdoor fitness facility, Ella Mae's Diner and retail space at street level, and a pool area on the fourth floor overlooking the Caloosahatchee River. The hotel also offers more than 8,000 square feet of function space and is connected to the neighboring Caloosa Sound Convention Center. 

The $91 million Luminary Hotel & Co., an Autograph Marriott Collection hotel, was built by Mainsail Lodging & Development. It opened in September 2020. The 12-story hotel features 243 guest rooms, 210 parking spaces and ground level retail spaces. This project, located next to the Downtown River Basin between Edwards Drive and Bay Street, was selected for a $2.6 million tax rebate/loan agreement. It has brought back convention capabilities to the Downtown core. The rehabilitation of the former Harborside Event Center, rechristened the Caloosa Sound Convention Center & Amphitheater, was also completed in September 2020. The adjoining restaurants and bars were opened in October and November 2020. An amphitheater in adjacent Centennial Park is slated to open in 2021. The Oxbow Bar & Grill and Oxbow Retail & Rentals opened in March 2021 in the renovated City Pier Building. The Luminary Hotel & Co. schedule of events may be found by clicking here.

Luminary Hotel and Co Video Now Open luminaryhotel.com Opens in new window

Luminary Hotel Project Timeline & Events

  • 2017 Project is approved for a $2.6 million tax increment rebate/loan in December. This is notable because the developer plans to pay back the total rebate to the CRA with interest.
  • 2019 Onsite underground utility construction and structural concrete begins on the hotel tower. Initial reconstruction of the service entrance to the event center begins in October.
  • 2020 By January, hotel construction is well underway with stucco and painting on the eastern facade. 
  • 2020 Local media previews the hotel interior in July.
  • 2020 Luminary Hotel & Co. openings:
    • Hotel ribbon cutting on September 17, opens September 23.
    • Caloosa Sound Convention Center ribbon cutting and opening on September 19.
    • The Beacon Social Drinkery rooftop lounge opens October 15.
    • The Silver King Ocean Brasserie opens November 5.
  • 2021 The Oxbow Bar & Grill opens March 22.
AC at Marriott Hotel Rendering

AC Hotel

The AC Hotel will be located at 2300 First Street on the southeast corner of First and Jackson streets, across from the Sidney & Berne Davis Art Center, in the Downtown redevelopment area. This eight-story, 77,000 sq. ft. hotel will add 132 rooms to the Downtown core area, thereby strengthening the area's convention capabilities by acting as overflow lodging complimenting the Luminary Hotel and adjacent Caloosa Sound Convention Center. Developer First Street Place LLC has entered into an agreement with Mainsail Lodging (Luminary Hotel & Co.) to manage the AC Hotel and to be a equity investor. The AC Hotel project was approved for a $5.57 million tax increment rebate, which will be paid back to the developers over the course of 10 years after the project is completed and is generating additional tax from its projected increase in tax value on the property. CRA Commissioners approved a 95% rebate based on the developer's commitment to benefit the community in the following ways: 

  • 15% Minority Business Enterprise (MBE) Commitment The developer will commit $1,000,000 during the design and construction phase of the project to MBEs (15% of total construction would be $4,323,000).
  • Non-for-Profit Community Organization Contribution of 5% of the annual TIF Award First Street Place LLC plans a 5% yearly contribution to United Way of Lee, Hendry, Glades and Okeechobee Counties to specifically fund a new social justice program being formed between the Nations Association and Fort Myers Police Department.
  • Out of the Box Developer First Street Place LLC proposes a 132-room hotel located within one pedestrian shed of the Caloosa Sound Convention Center. The additional rooms are needed to support Fort Myers ability to draw world class conventions to the new Caloosa Sound Convention Center.

A report by Gerald Hendry of Maxwell, Hendry, Simmons Real Estate Appraisers indicates that during the construction phase, this project will have an economic impact of $42.7 million and support or create 396 jobs. Additionally, it will have an economic impact of $44.3 million and support or create 350 jobs during its initial five years of operations. The proposed completion is Fall 2022.

AC Hotel Nite Rendering

AC Hotel
Project Timeline & Events

  • 2020 Approved for a $5.57 million tax increment rebate.
  • 2021 Building design presented to Historic Preservation Commission (HPC) during the summer.
  • 2021 Ground breaking set by the end of the year.
  • 2022 Completion date set for Fall.

Hampton Inn

Hampton Inn by Hilton Fort Myers, a four-story, 118-room hotel to be built at 2017 McGregor Boulevard, has been approved for a $1.9 million rebate of the taxes generated by the project. The rebate will be issued in yearly installments at a rate of 95% for the first five years and at a rate of 75% for the remaining years until the total rebate amount is reached. Developers HOS Management already own the building site. The project incorporates Hampton Inn’s prototype contemporary, confident design scheme that reflects modern, timeless décor. In 2020, initial site work and the ground breaking occurred. In 2021, the first floor concrete slab was poured, masonry walls were installed, the second floor slab was poured, and block work began in August, with third floor plank work installed later that month. At the same time, the trades began rough-in and framing on the first floor. Estimated completion date is early 2022.

Hampton Inn Video Image June 8 2021 Opens in new window

Hampton Inn Project Timeline & Events

  • 2019 The project is approved for a $1.9 million tax increment rebate in September.
  • 2019 In October, the site work permit is issued, the building permit application is submitted, the general contractor is selected, and the TIF agreement is executed.
  • 2019 Financing closes for the project in November.
  • 2020 Grading and initial site work underway in March.
  • 2020 Ground breaking in October.
  • 2021 Concrete slab is poured in April, first floor masonry walls were installed
  • 2021 In the summer, the second floor slab is poured, and block work begins in August, with third floor plank work installation later that month. At the same time, the trades begin rough-in and framing on the first floor.
  • 2022 Estimated completion early 2022.
Prima Luce rendering July 2020

Prima Luce on the Waterfront

Prima Luce on the Waterfront, a two-tower, 22-story condominium development with 176 residences, was initially approved for a $7.5 million tax increment rebate in July 2015. Located along the Caloosahatchee River at 2631 First Street in the eastern end of the Downtown redevelopment area, the construction schedule was delayed by several factors, including Hurricane Irma in 2017, and the global pandemic in 2020, and cost increases. The development agreement was amended in August 2020 to allow the developer to increase the units to 220 multifamily residences and to increase the increment rebate payment accordingly. In January 2021, the site was recleared. A few months later, old piles from previous buildings were removed to make way for Prima Luce's piles installation later in 2021. Construction completion is set for December 2023.

Prima Luce removing old piles lot view

Prima Luce on the Waterfront    Project Timeline & Events

  • 2015 The project receives initial tax increment rebate approval in July.
  • 2016-2020 Several factors delay the construction schedule including Hurricane Irma in 2017, the global pandemic in 2020, and cost increases.
  • 2021 In the spring, existing piles from old structures are removed from the site.
  • 2021 Over 800 new piles are installed later in the year, and will take 3 months to complete.
  • 2023 Project completion set for December.
Silver Hills at Fort Myers Rendering Banner Image

Silver Hills at Fort Myers

Silver Hills at Fort Myers, a two-building, four-to-five-story luxury apartment community to be built at 2220 West First Street, has been approved for a tax increment rebate of $12.96 million rebate of the taxes generated by the $75.524 million project in yearly installments until the total amount is reached, or until 2044 when the redevelopment area sunsets. To be built on a large 4.46-acre vacant parcel on West First Street along the Caloosahatchee River, the development will feature two buildings containing a total of 327 apartments. The units offered will be a mix of studio, one bedroom/one bath, two bedroom/two bath, and three bedroom/two bath units. A 580-space parking garage will be located mid-block between the two residential buildings. The façade of Silver Hills at Fort Myers will pay homage to the historic buildings of Fort Myers’ walkable River District core. Instead of looming as two large concrete buildings, they will appear to be several smaller mid-rise residences rising above the riverfront with the parking structure cleverly concealed by the living spaces. Silver Hills at Fort Myers is being built in two phases. In December 2019, the developer closed on the properties for development (2220 West First Street and 1901 Altamont Avenue). Site work began in April 2020. Phase I is set to open when the project receives power from Florida Power & Light, and the power lines are removed. The Silver Hills at Fort Myers project is being advertised to potential residents under the name, Triton Cay.

Silver Hills Video Image July 22 2021 Opens in new window

Silver Hills at Fort Myers Project Timeline & Events

  • 2019 The project is approved for a $12.96 million tax increment rebate in August.
  • 2020 Site work begins in early April with grading and installation of erosion controls and geo-piles.
  • 2020 Foundational structure installation begins.
  • 2021 Stucco completed in courtyard and along back of building in May.
  • 2021 Phase I set to open once the project receives power from Florida Power & Light, and the power lines are removed.
Vantage Lofts Apartments Rendering view b

Vantage Lofts

Vantage Lofts, a 16-story loft style apartment development, is being built west of the Caloosahatchee Bridge on Carson Street, located between First and Second Street. It will offer 221 loft apartments with 5,000 square feet of retail space, including a 5-story parking garage. Located on the roof will be a VIP lounge with a game room, a fitness and yoga center as well as a pool. Other amenities include workspaces, a pet spa, an outdoor community and dog park. In 2019, the project was approved for a TIF rebate of $11.4 million. This project will provide needed housing and retail space, thereby contributing directly to the revitalization of the Fort Myers River District. It will bring young professionals to the Fort Myers area and promote new business growth once completed. The Planned Urban Development (PUD) package was submitted to the City of Fort Myers in April 2021. The $63 million project is planned for completion in 2023.

Vantage Lofts Apartments Rendering view a

Vantage Lofts Timeline & Events

  • 2019 Project approved for a tax increment rebate of $11.4 million.
  • 2020 Real estate closing completed.
  • 2021 In February, the final design and engineering is completed. Final Planned Urban Development (PUD) submitted to City of Fort Myers in April.
  • 2021 Planned completion is 2023.
West End at City Walk Amenity Building Rendering

West End at City Walk

In May 2018, the West End at City Walk mixed-use residential project was selected to receive $5.5 million in Tax Increment Finance rebate over a ten-year period once the project generates property tax. Originally, West End at City Walk proposed to construct 302 residential units, a 128-key Marriott brand hotel, and 5,000 to 10,000 square feet of retail and commercial space. As part of an updated agreement passed in December 2019, the hotel portion of the project was severed from the agreement due to changes in the market; however, an additional 18 residential apartment units, 77 parking spaces, and energy efficiency enhancements were added in response to the CRA Board of Commissioners, creating a more desirable Downtown residential complex. As of November 2020, the buildings on Phase I of the project were topped off and the temporary leasing office opened in early December for pre-leasing. West End at City Walk is located in the block to the west of the Downtown Publix on West First Street.
City Walk Video Image July 17 2021 Opens in new window

West End at City Walk Project Timeline & Events

  • 2019 Project breaks ground.
  • 2020 In November, the buildings on Phase I of the project are topped off.
  • 2020 Leasing for the first building begins in early December.
  • 2020 Plans for the two commercial parcels of Phase II are finalized and announced in December. 
  • 2021 By May, approximately 80 leases are in place for the first building.
  • 2021 On July 1, the first building received a Temporary Certificate of Occupancy and residents began moving in that day.
  • 2021 Construction completion is planned for mid-September. Final installation of the clubhouse's furniture, fixtures, equipment, and remaining site furnishings is set for October 1.


Dr. Martin Luther King, Jr. Boulevard

McCollum Hall Aerial View

McCollum Hall Project Description 

This is a restoration project of McCollum Hall, which is a historic building with a musical heritage deeply tied to the famed Chitlin’ Circuit of the 1930s through 1950s. Since its purchase in 2008, the CRA has engaged community groups to help clean debris from the structure, stabilized the back wall, and replaced the roof. In 2018, the developers McCollum Redevelopment Associates, LLC/ REVA Development Corporations, were selected to complete the final rehabilitation of McCollum Hall. In 2020, the Historic Preservation Commission (HPC) Certificate of Review process and application were approved. Later that year, permits were approved. In 2021, the CRA issued a Notice of Intent to the developer when construction did not begin schedule. The CRA approved an extension for the developer to commence construction by no later than December 15, 2021. Once opened, McCollum Hall will feature the Oak & Ivy Design concept, which will celebrate the hall's historic Art Deco style in its renaissance as an artisanal food hall, a multi-use event space, and a micro-arts and images gallery in a newly constructed annex building.

McCollum corner door exterior view

McCollum Hall Project Timeline & Events

  • 2012 Stabilized back wall and replaced the roof.
  • 2016 Awarded $500,000 State of Florida Grant to help further  progress with exterior restoration.
  • 2019 The developer closed financing for the final phase of redevelopment.
  • 2020 The developer successfully completed Historic Preservation Committee (HPC) Certificate of Review process and their application was approved in first part of 2020. On June 24, architectural plans were approved. Food hall concept, "Oak & Ivy" introduced, and building permit process commenced.  
  • 2020 On December 28, construction drawings submitted to the Fort Myers Building Department were approved for permits.
  • 2020/2021 Mural finalists for Art Stumble back wall project were selected in September. Mural painting began in January 2021 with a completion date of March 2021. 
  • 2021 An executed General Contractor (GC) agreement was secured. Several qualified local Lee County General Contractor Bids were solicited before choosing McCollum Hall's GC.
  • 2021 In May, the developer seeks to secure an increase of nearly $700,000 from its lender to pay for additional construction costs caused by building material shortages due to the pandemic.
  • 2021 In August, the CRA Issued of Notice of Intent to Developer and approved an extension for the McCollum Hall developer to commence construction by no later than December 15, 2021. As part of the official legal notification to the developer, the Board has issued a Letter Agreement to be signed by all interested parties on or before August 11, 2021. The Letter Agreement issues notice of the CRA's intention to terminate the lease and development agreements if the cure periods expire without the commencement of construction.
  • 2022 Anticipated project completion.
Seaboard Waterside Apartments Main Image Updated February 2021

Seaboard Waterside Apartments

Seaboard Waterside Apartments, a two-building, six-story, 420-rental apartment complex to be built at the corner of Michigan Avenue and Seaboard Street, was approved for a total CRA tax increment rebate of $11.48 million in July 2019. The project will be built in two phases. The development will have an attractive parking garage built in the center of the development between the two buildings. It will be the first project of its kind in the MLK redevelopment area. The Seaboard Apartments Phase I will receive a $7.145 million rebate of the taxes generated by the project in yearly installments until the total amount is reached, or until 2044 when the redevelopment area sunsets. Phase II will receive a $4.335 million rebate of the taxes generated by the project in yearly installments until the total amount is reached, or until 2044 as well. In January 2020, the development agreement with the CRA was signed. In June 2020, the Environmental Resource Permit (ERP) was granted. An amendment to the Development Agreement, extending the construction commence date 1 year to January 2023 due to construction industry delays caused by the global pandemic, was approved in August 2021. Phase I of the $82 million project is projected to open in 2024.

Seaboard Site Plan Updated February 2021

Seaboard Waterside Apartments Project Timeline & Events

  • 2019 Approved for a $11.48 million CRA tax increment rebate in July.
  • 2020 Signed Development Agreement with Fort Myers CRA in January. 
  • 2020 Environmental Resource Permit granted in June.
  • 2021 Architect adjusting unit design plans to include home office space, a result of the pandemic.
  • 2021 Demolition permits finalized in July.
  • 2021 In August, Phase I construction amendment changes start date to January 2023 due to construction industry delays caused by the global pandemic.
  • 2023 - 2024 Phase I completion planned 12 - 18 months following construction commencement.
  • 2028 Phase II completion planned for January.
Saint Peter Claver Place Apartments Rendering

St. Peter Claver Place Apartments

Phase I of St. Peter Claver Place Apartments to be developed by National Development of America and the Diocese of Venice was approved for a $4 million CRA tax increment rebate in September 2019. The 214-unit affordable-housing apartment complex will be built in two phases, with Phase I consisting of 136 two-, three- and four-bedroom apartments in two- and three-story buildings, along with a community building. Known as St. Peter Claver Place, it will be built at 3681 Michigan Avenue. The Diocese of Venice currently owns the 17.44-acre site. In December 2019, a grant application was sent to Florida Housing; the developer will learn the status of the application within 30 days. In January 2020, the development agreement with the CRA was signed. Phase 1 was originally planned to for 120 units, which was expanded to 136 units in August 2020. At that time, the CRA tax increment rebate was also increased to $4.5 million. In February 2021, the project received board approval from the Florida Housing board for funding and entered credit underwriting with them in the summer. Completion of Phase I is planned for December 2022, and completion of Phase II is planned for May 2024.

Saint Peter Claver Place Apartments Rendering

St. Peter Claver Place Apartments
Project Timeline & Events

  • 2019 Approved for a $4 million CRA tax increment rebate in September.
  • 2019 Developer sent grant application to Florida Housing in December.
  • 2020 Signed Development Agreement with Fort Myers CRA in January for the two-phase project.
  • 2020 Phase I expanded to 136 units, CRA tax increment rebate increased to $4.5 million in August.
  • 2021 Florida Housing board funding approval received in February. Developer enters credit underwriting with Florida Housing in the summer.
  • 2022 Phase I completion planned for December.
  • 2024 Phase II completion planned for May.
Towles Garden Home Ownership Rendering

Towles Garden

Towles Garden is an affordable and attainable townhome project to be built on a 7.5-acre lot at the corner of Edison Avenue and Veronica S. Shoemaker Boulevard. Developer Towles Garden LLC proposed a $28.7 million investment of 67 affordable and 73 attainable townhomes, to be priced at $200,005 and $210, 123 respectively, with units ranging in size from 900 to 1,250 sq. ft. The development design is in groupings of 4-plex and 6-plex buildings. It is estimated that when sold, these units will add $18.5 million (adjusting for $3.5 million in homestead exemptions) to the Fort Myers’ tax base. The developers was approved for a $4.9 million dollar CRA increment revenue incentive of the estimated $7.6 million that will be generated by the project. In March 2021, the developer opened an office for the project on First Street. Construction contractor workshops were held in June and July 2021. Construction is expected to begin in 2021, with completion in August 2022.

Towles Garden Four Plex Angled Exterior Rendering

Towles Garden Project Timeline & Events

  • 2020 Approved for a $4.9 million CRA tax increment rebate in December.
  • 2021 Project office opened on First Street in March.
  • 2021 Construction contractor workshops are held in June and July. Construction is expected to begin this year.
  • 2022 Completion set for August.

*Completed project.