The project will be developed in phases at an estimated construction cost of $450 million. Located between Frierson Street and Riverside Drive off Palm Beach Boulevard, it is within walking distance of Downtown. The plan includes about 1,000 linear feet of river frontage and calls for a public boardwalk, a four-acre park, a tennis center, picnic area, and space for kayak and canoe storage and a launching ramp.
The residential towers will have an aggregate of 1,079 one-, two- and three-bedroom condominium units. Units will range from 850 sf to 1,850 sf and costs will span from the $200,000 to the $800,000 range. All units will have river views from floor-to-ceiling windows, and upper- and lower-level penthouses will have 10-foot ceilings and wrap-around balconies.
The plan won the unanimous approval of the city council and Related Group vows to continue to work closely with Fort Myers' officials. "We want to be an active partner…in bringing back the Downtown excitement and vibrancy the city once knew," says Jorge Perez, Related Group's chairman and CEO.
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