High Point Place, a 32-story condominium, is rising steadily in downtown Fort Myers.The first phase of the project is expected to be completed later this year. Even as buyers move in, the builders will move forward, hoping to complete the entire project by the fall of 2007.One by one, the floors have been joined together, giving life to a twin-tower high-rise.
Fort Myers Mayor Jim Humphrey said the high-rise is an integral part of the downtown redevelopment plan that's designed to encourage and inspire downtown living.Also, a critical aspect of the plan is to revitalize the downtown business community, Humphrey said. The idea, too, is to infuse interest in retail, dining and entertainment along the riverfront.
High Point Place is one of 11 redevelopment projects to receive the blessing of the Fort Myers planning board and city council. The others are: Alta Mar, Legacy Harbour, The Vue, One West, Beau Rivage, Cypress Club, Monaco, Oasis, The Riviera and The Vue."We feel good about the progress we're making," Humphrey said. "Our city is changing, and it's changing for the better."Meanwhile, metal scaffolds are climbing like ivy on the concrete walls of High Point Place. Gigantic cranes, with steel arms hovering above an unfinished roof, have become a part of the Caloosahatchee River landscape.
Although a lot of work remains, buyers have already claimed all of its 273 units. In fact, "for sale" signs disappeared only months after the groundbreaking ceremony last spring.Despite the sold-out sign on its Web site, high-rise seekers are still hoping previous applicants will renege on their deals.
The developer, Ohio-based Cameratta Properties, said buyers closed their deals with a 20 percent ante — or the minimum of $80,000 for a $400,000 unit and $200,000 for a $1 million condominium."The demand is definitely there for condominiums," said Cheryl Yano, spokeswoman for Cameratta Properties. "The price is probably 20 to 25 percent higher, but we still have calls even though we've been sold out for several months."
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