Published: Apr 30, 2010 10:52 PM EDT

A local developer says he has SOLID plans to build a high rise development in Fort Myers.  In fact, it's right down the street from a complex struggling to stay afloat.

''Prima Luce'' is what will be built on land that sits between the Caloosahatchee River and Dean Park.

Plans call for two 22-story towers, but it sits in the shadow of the Oasis towers...which recently had a foreclosure filing.
Regardless of the real estate market now...and in the future...developer Al Moscato  says he won't have to worry about anything like that.

"Right now, it would be foolish to go forward with this today.  But the real estate market will come back," says Al.

When the market returns, that's when he says ground will be broken.

Residents in Dean Park, across from the land, are mixed.

"I think it's kinda silly since we have all these vacant condos as it is.  I don't know what they're really thinking," says Michelle Nugent.

"Whatever they decide to do is fine with me...cuz i'm all for the market coming back up and maybe bringing some of our property back up," says Cheryl Edwardson.