LandQwest Commercial presents the latest Commercial Real Estate news across Southwest Florida for the week of January 7, 2019
“Steve Hollister was promised the street that his restaurant, Twisted Vine Bistro, sits on would be closed for 90 days. The longtime restaurateur knew it would hurt business, but as long as the city of Fort Myers said it would last 90 days, that’s what Hollister expected. Except it didn’t. The closure of Bay Street lasted six months. On Monday, the roadway was open once again as construction continues on the 12-story luxury hotel across the street that is expected to open in 2020.
“Construction for the new, 12-story waterfront Luminary Hotel is well underway. The hotel will offer 243 rooms for guests to enjoy their stay. With many new and returning guests projected to come into the area, local businesses believe it will have a positive impact.”
“Estero, the youngest city in Lee County, likely will have another busy year in 2019. From road projects to a possible village council election, here are five stories to watch in the New Year.”
“After a whirlwind year full of surprises, expect many more local restaurant changes in the new year. More than 35 new projects are already in the works, and more than 20 other restaurant spaces vacated in 2018 remain available for future plans. Following a December full of restaurant debuts, January and February promise at least 16 new dining spots. It’s only the beginning, of course.”
“Fort Myers Beach’s local recreational center and pool could see big changes in 2019. The Bay Oaks Recreational Campus Advisory Board met Dec 20 to discuss the acquisition of a land parcel that is strategically positioned to create an entrance to the campus off Estero Boulevard, which they say is needed due to a lack of public awareness about the campus.”
“One of the hottest business corridors in Southwest Florida doesn’t look like Main Street. Pine Island Road has been transforming over the past two decades from a quiet pathway to Pine Island into a jumble of big-box stores, strip malls, chain restaurants, car dealerships and convenience stores.”