|Published:||Nov 18, 2010 4:29 AM EST|
|Updated:||Nov 17, 2010 11:42 PM EST|
FORT MYERS, Fla. - We're getting a new look at plans to re-launch First Street Village in the River District. It's the latest sign of renewed interest in high-end real estate.
200 new condos and more retail space will join the current First Street Village area that opened in 2007, anchored by a new Publix store.
With the faltering housing market... the project's emphasis on condos slowed... until now.
"There's a tremendous amount of value if you can buy now, because of the low interest money that's available and the construction costs coming down, you can buy at an affordable price point today and see the increase over time," says Cameratta
The new First Street Village units are set to start around $150,000 while still providing luxurious perks...
"The amenities... Clubhouse, fitness center, pool..."
Such upscale living is even starting to run low in Fort Myers...
Remaining units in the Oasis Towers are set for auction this weekend and others, like Cameratta's High Point Place Towers, are filling up fast.
Cameratta says, "we're about 75 percent sold out at this point, so sales have been going strong.."
With support of investors from Colorado, developers are hopeful for the jobs and interest the project will bring, after nearly five years in the works.
"It will be a big thing for this area."