Palmera on the River
Palmera on the River
Renderings - Palmera on the River
Renderings - Palmera on the River
Renderings - Palmera on the River
Renderings - Palmera on the River
Palmera on the River
Edison Bridge View
North View
Northwest View
South View
Southwest View
West View
Palmera On The River
Downtown Fort Myers
City:Fort Myers
Land area:2 Acres
Property Status:
For Sale
Price
$9,550,000
Property Summary
Total Units:
239 Luxury Apartments
Unit Mix:
Studios, 1BR, 2BR, 3BR
Net Rentable:
188,979 SF
Gross Building:
297,993 SF
Structured Parking:
319 Spaces (pre-cast garage)
Description
Palmera on the River is exclusively presented for sale by APEX Capital Realty. This offering represents a unique opportunity to acquire a fully permitted, entitled, and approved multifamily development project in the burgeoning Downtown Fort Myers area.
Located in the bustling River District, the waterfront development includes 239 units across eight stories comprising an attached precast garage with 319 parking spaces. The premier Class-A project is situated on an expansive 2-acre lot and will offer a range of unit types including studios, one-bedroom, two-bedroom, and three-bedroom units.
The premier waterfront location along highly visible First Street and the Edison Bridge is in close proximity to The Fort Myers bustling downtown district offering an array of trendy shops, restaurants, nightlife and entertainment activities. Palmera on the River has been described as a legacy development for the growing City of Fort Myers and is expected to benefit greatly from the surge of Millennial and Generation Z residents moving into The Fort Myers area.
The property has also secured very favorable Tax Increment Funding (TIF) in the form of an 18-year tax abatement in the amount of $9,535,685. TIF is a special funding tool available to local municipalities that spurs economic development within the City of The Fort Myers community redevelopment areas.
Located in the bustling River District, the waterfront development includes 239 units across eight stories comprising an attached precast garage with 319 parking spaces. The premier Class-A project is situated on an expansive 2-acre lot and will offer a range of unit types including studios, one-bedroom, two-bedroom, and three-bedroom units.
The premier waterfront location along highly visible First Street and the Edison Bridge is in close proximity to The Fort Myers bustling downtown district offering an array of trendy shops, restaurants, nightlife and entertainment activities. Palmera on the River has been described as a legacy development for the growing City of Fort Myers and is expected to benefit greatly from the surge of Millennial and Generation Z residents moving into The Fort Myers area.
The property has also secured very favorable Tax Increment Funding (TIF) in the form of an 18-year tax abatement in the amount of $9,535,685. TIF is a special funding tool available to local municipalities that spurs economic development within the City of The Fort Myers community redevelopment areas.
Lot & Building Size Breakdown:
Site Size:
2 Acres
Height:
8 Stories
Property Highlights
• Approval Status: All necessary entitlements and construction permits are approved.
• Structure: Eight-story building (7-story concrete block over 1st floor podium)
• Waterfront: New seawall constructed with fishing and boating access.
• Unit Range: Studios to three-bedroom penthouses.
• Tax Credits: Secured TIF funds for $9,535,685.
• Market Demand: The River District currently lacks significant Class-A apartments, indicating strong demand for high-end residences.
Details
Property size: 2 Acres
Property Status:
For Sale
Property Type: Land Development
Land Area: 2 Acres
Address
City: Fort Myers
State/country: Florida
Documents
Property Brochure 
Palmera On The River
Downtown Fort Myers
City:Fort Myers
Land area:2 Acres
Property Status: For Sale
Price$9,550,000
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Our contacts
APEX Capital Realty
561 NE 79 ST Suite 420 Miami, FL 33138
(305) 570-2600
info@apexcapitalrealty.com
Press inquiries contact:
info@apexcapitalrealty.com
