Cleveland Avenue (US 41) Pedestrian Safety Project
The Florida Department of Transportation (FDOT) is working to improve safety on Cleveland Avenue from Winkler Avenue to Dr. Martin Luther King, Jr. Boulevard, working in three phases that will start in the southernmost section and work its way north. FDOT has obtained funding to build the safety improvements outlined in the City of Fort Myers Master Plan. Improvements began in Early December 2018. The contractor will relocate and install new utilities, medians, drains, pedestrian signals, upgrade signals, and lighting, and resurface existing roadway. The project cost is $19 million, and estimate completion is the end of spring 2022.
This former abandoned mobile home park has been transformed into a 280-unit, market-rate apartment complex with 15,000 sq. ft. of commercial space along Cleveland Avenue. The commercial development includes Krispy Kreme, Jimmy John’s, AT&T, and a $5 million luxury car wash, all of which are open for business. Grand Central was the first Cleveland Avenue project to use Nutrient Bank Stormwater Credits in lieu of building its own system. It is located at 4944 S. Cleveland Avenue.
The project is projected to create 453 total jobs, generate $16,783,794 of household earnings, add $31,207,234 of value to the regional economy, and increase regional demand by $59,628,854. (Wagner Consulting Group Economic Study)
It has been selected for a Fort Myers Community Redevelopment (CRA) tax rebate, which will be issued with a rate of 95% for Years 1 and 2 and a rate of 77% for Years 3-12, not exceeding a total of $4,450,000.
Grand Central’s developer Aileron Investment Management has also agreed to sell the back portion of their land to the City of Fort Myers to construct much-needed parking lot for the Sam Fleishman Regional Sports Complex.
As of January 2020, the apartment complex has received temporary Certificates of Occupancy and is 40% occupied.