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Stabilization Projects

Government Agencies  - Neighborhood Stabilization Program:

Broker For: 

  1. The Housing Authority of the City of Ft. Myers
  2. Southwest Florida Affordable Housing Choice

Sold Sites:

  1. Covington Meadows – Fractionalized Apartments – 32 units partially complete – 8 units vacant land – sale price $560,000
  2. Broadway Apartments – Condemned units – 40 units – sale price $400,000
  3. Royal Palm Apartments – Occupied units – 12 units sale price $200,000
Additional Recovery/Stabilization Programs below:
Activities as Construction Specialist for Receiver
  1. Bonita Beach Walk – 27 condominium units partially constructed – 3 units completed 12 units - expired permit – 12 units-50% completed, complete construction to keep permits active - Fifth Third Bank
  2. Lee Blvd. West – 31,000 Sq. Ft commercial center-partially  constructed.  Completed improvements to individual tenant space for vanilla box to enable bank to lease space.  -Reliance Bank
  3. Palm Pointe Shops - $190,000 Sq. Ft. commercial center-complete construction, build road, preserve permits-Huntington Bank
  4. 121 Del Prado S – 10,000 Sq. Ft. free standing building – Inventory, install new roof. Repair estimates-Reliance Bank
  5. Abaco Bay Naples – 34 condominium units fractionalized-inventory and restore units – M&I Bank
  6. City Center- Port Charlotte-49,000 3 level office building-inventory and provide building repairs to exterior structure - Private
  7. The Oaks at Whiskey Creek – Inventory 8 units 80% completed – 4 units – 100% complete and community pool 40% - 10 units worth of developed building pads. Review development order and county permits.
  8. Assist receiver in rental Management of 60 units of partially completed 300 unit condominium.  Atlantic & Pacific, as Receiver.
  9. 5612 8th Street - Complete interior remodel for commercial center to satisfy delinquent, expired and temporary building permit.  Berkshire Acquisitions, LLC. 
Lender Feasibility Analysis
  1. Island Pines – 304 unit partially constructed condominiums – 24 units completed – First American Bank
  2. Pine Key Resort – 112 units 56 completed –Pool Complete -  SunTrust Bank
  3. Bella Casa-200 units 110 units various construction stages – Bank of Florida
  4. 106 Acre Vacant Land Parcel, Cape Coral – Reliance Bank
  5. Palms At Waters Edge – 92 units Wachovia Bank
Activity Performed for Lender Owner Sites
  1. Light House Pointe – 30 undeveloped acres/39 expired boat slips with Sovereign Submerged Land lease, preserve entitlements,  rights awarded – Optimum Bank
  2. Cape Hickory- 1.5 Acres with 6 developed lots – extend and preserve entitlements-Optimum Bank
  3. Pine Island Market Place - 200,000 Sq. Ft. Commercial shopping center – complete shopping center construction, road extension complete permits-PNC Bank
  4. 3306 Del Prado – Free Standing Commercial Building.    Interior repairs/new roof – PNC Bank
Inspections provided for Lenders during Construction Loans
  1. 1631 Del Prado – Moe’s Restaurant – in progress construction inspections  - Synovus Bank