First Street Apartments will make an inviting gateway into the Downtown core area!
Located at the southwest corner of First and Fowler streets at 3466 First Street, this modern-design, 4-story multifamily apartment complex project features 274 units and 467 parking spaces. The apartment community will be built on the former location of the First United Methodist Church.
Total project cost will be $73.4 million. It is estimated to add $51.7 million in value to Fort Myers' tax base.
The CRA recommended the project for a $11.025 million tax increment rebate. The developer will provide the following community benefits:
Construction will begin in the first quarter of 2022 and completion is planned for the second quarter of 2024.
Contact: Fort Myers CRAcra@cityftmyers.com239-321-7100