2583 1st St
Fort Myers, FL 33901
2589/2583 First Street · Land For Sale · 5.70 AC

2589 First Street • Vacant and cleared parcel • 400’ of Caloosahatchee River frontage • Approved for two 32-story towers totaling 292 units and 11,000 SF of ground-floor commercial space • Approved for 20 boat slips with the option to add an additional 20 slips • A marina is planned on the 2± acre submerged land • Includes two piers • Entitlements are current and extended as a two-phase development through September 2021 for Phase 1, plus 5 years for phase 2 • 12” water main completed • $1,000,000± of pre-paid impact fees • $15,000,000 TIF tax incentive funds (10 years) • Pile system in place (1,200± 16” 80’) Approximate value of $4,500,000 2583 First Street • Vacant and cleared parcel • 112’ of Caloosahatchee River frontage • Approved for a 21-story tower totaling 34 units, and 1,388 S.F. of ground floor commercial space • Approved for a boat ramp and four boat slips and with an option to add an additional 6 slips • Includes one pier • 12” water main completed • $4,250,000 TIF tax credits (10 years) LUMINARY HOTEL HIGHLIGHTS • Opening in early 2020 • 12 stories containing 243 guest rooms and suites • 8,000 square feet of adaptable indoor and outdoor function space ideal for a variety of events and meetings • 4,000 square feet of street level retail space • 4th floor pool deck overlooking the Caloosahatchee River • 12th floor rooftop bar offering craft cocktails and small plate specialties