3811 Schoolhouse Rd
Fort Myers, FL 33916

CALL FOR OFFERS – DEADLINE FOR SUBMISSION APRIL 17th LSI Companies, Inc. is pleased to present an exclusive listing for Arbor Glen, a unique shovel-ready multi-family site with an “A” infill location within the City of Fort Myers. The site is fully entitled with a Development Order in place for 360 units within 15 buildings and is also well-suited for other residential configurations, including town-homes, single family residential, and other for rent or for sale product types. The entitlements in place give developers the ability to start development immediately following closing, adding much needed inventory to a rapidly growing area of Fort Myers. Lee County, in general, continues to experience robust demand for new residential product due to significant employment and population growth, which the most recent government figures showed both reaching new all-time highs. This bodes well for the prospects of Arbor Glen to attract new renters/buyers entering the market. In addition, a significant portion of the existing apartment supply in the immediate area is fully occupied and of considerable age, allowing Arbor Glen to draw from the existing pool of renters interested in new product and modern amenities. Located adjacent to Colonial Elementary School and Trailhead Neighborhood Park, this property compliments similar successful projects in the area. Situated in the heart of Southwest Florida near the Colonial Blvd. and I-75 corridors, Arbor Glen offers easy access throughout the region. What differentiates this parcel from surrounding undeveloped multi-family sites is the up-front work completed to date, which provides a developer the ability to bring new product to market almost immediately within an area currently in need of new supply. The scope of work completed includes an ERP permit and an approved Development Order. Additional features that reduce development costs and further the ability to commence site work quickly include an on-site lift station, no on-site water retention is required, and all utilities are stubbed to the site. Although southern Lee County has seen an uptick in assisted living facilities, this sub-market within the City of Fort Myers is under served for this product type heading into 2019.