News & Notes

Developer adds 2,000 acres to planned community, crosses county line

A grocer is closing, a warehouse is under construction, and affordable units are on the way in the week's top commercial real estate news.


  • By Louis Llovio
  • | 5:00 a.m. March 20, 2023
  • | 0 Free Articles Remaining!
A Chicago developer is building a 481,933-square-foot industrial facility on spec in Fort Myers.
A Chicago developer is building a 481,933-square-foot industrial facility on spec in Fort Myers.
Courtesy photo
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Naples/Fort Myers

Can you believe the hype: A local custom homebuilder has finished a model home in Cape Coral that it says “will usher in a new era of Southwest Florida home design with an array of innovative features.” That’s a pretty big statement, but Beattie Development thinks it can back it back it up. The 2,814-square-foot model home, grandly called The Arcadian, is at 1410 Cape Coral Parkway W. The three-bedroom, three-bath and two half-bath home comes with a stone entryway, 41-foot-wide great room with floor-to-ceiling and wall-to-wall glass, master bedroom closet with an island, an outside office cabana, Tesla chargers and, for couples who need their own space, his and hers garages. The first six people to sign a contract can get The Arcadia for $769,512 — $60,000 less than the starting asking price. Beattie’s president and founder says the home brings “a sort of Texas flair to Florida.”

Warehouse wanderlust: The industrial boom in Southwest Florida continues. HSA Commercial Real Estate of Chicago has started work on a 481,933-square foot industrial facility at 16500 Oriole Road in Fort Myers, off of Interstate 75 at Alico Road. The spec building, expected to be finished later this year, joins several other large industrial developments around the area that has some worrying that a recently underserved area may soon be oversaturated. When complete, developers say the new facility, called the Highland Commerce Center, will have 36-foot clear heights, 96 dock doors, four drive-in doors, 181 parking spaces, 138 trailer spaces and a building depth of 500 feet. Multiple tenants will be able to use the space.

 

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