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Redevelopment - News

Posted on: June 23, 2021

Montage at Midtown: Catalyst for Development in Midtown Fort Myers

Montage at Midtown apartment complex exterior rendering

A new multifamily apartment complex, Montage at Midtown, will add 321 multifamily apartments to the Midtown section of Fort Myers' Downtown redevelopment area. It is expected to be a catalyst for additional development of the area. 

Montage at Midtown will appeal to an eclectic mix of residents who want to live in a vibrant neighborhood within walking distance Downtown jobs, dining, shopping, and entertainment. It is located in a 4.71-acre site that has been vacant for over 20 years, bordered by Jackson Street, Central Avenue, Union Street, and Victoria Avenue . 

It will be built in two phases. Montage at Midtown Phase I will be a four-story apartment building, with a five-story amenity building and a six-story, 585-space parking garage that will also provide parking for the project's future second phase. 

The $72 million apartment complex is expected to be a catalyst for additional development in Midtown. Today the vacant property generates under $6,000 in taxes to the City, but the addition of Montage at Midtown is projected to increase the City's tax base to $868,728 for that property alone. It was approved for a CRA tax increment rebate of $11,665,217, with the Development Agreement signed in August 2021. Construction on Phase I will begin in April 2022. Planned opening is February 2024.

Contact: 
Fort Myers CRA
cra@cityftmyers.com
239-321-7100

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