A new multifamily apartment complex, Montage at Midtown, will add 321 multifamily apartments to the Midtown section of Fort Myers' Downtown redevelopment area. It is expected to be a catalyst for additional development of the area.
Montage at Midtown will appeal to an eclectic mix of residents who want to live in a vibrant neighborhood within walking distance Downtown jobs, dining, shopping, and entertainment. It is located in a 4.71-acre site that has been vacant for over 20 years, bordered by Jackson Street, Central Avenue, Union Street, and Victoria Avenue .
It will be built in two phases. Montage at Midtown Phase I will be a four-story apartment building, with a five-story amenity building and a six-story, 585-space parking garage that will also provide parking for the project's future second phase.
The $72 million apartment complex is expected to be a catalyst for additional development in Midtown. Today the vacant property generates under $6,000 in taxes to the City, but the addition of Montage at Midtown is projected to increase the City's tax base to $868,728 for that property alone. It was approved for a CRA tax increment rebate of $11.508 million. Construction on Phase I will begin in April 2022. Planned opening is February 2024.
Contact: Fort Myers CRAcra@cityftmyers.com239-321-7100