Hancock Bridge Square

INVESTMENT OVERVIEW

• 14.5-acre retail center in North Fort Myers planned to be developed into a 320-unit garden-style multifamily community
• Located in fast-growing market, situated on US-41, a major highway connecting Tampa to Naples and across the state to Miami

EXECUTION

• Received administrative approvals for bonus density in August 2022
• Partnered with BLG Capital
• Currently negotiating construction loan documents with Center bridge with construction start anticipated in Dec 2023
• Attractive all-in basis at $290K/door, below the sale prices of older vintage product in Fort Myers