News Flash

CRA - News

Posted on: April 26, 2019

Grand Central Apartments Construction In Progress

Grand Central Luxury Apartments Before and In Progress aerial photos

Exciting work continues along Cleveland Avenue! Here's an aerial view of the Grand Central Apartments project in progress (lower image) - and what the area looked like a year and a half ago (upper image).

The Grand Central apartments are under construction and appear to be on pace for completion by March 2020. All Retail is completed and open for business.

The Grand Central Luxury Apartments project, a 282-unit market rate apartment complex with an estimated value of $50 million, is the first project to use stormwater treatment credits from the Cleveland Avenue Nutrient Bank. The Nutrient Bank is an additional incentive offered to developers and businesses in the Cleveland Avenue redevelopment area, created when the CRA contributed $1.3 million to build additional water quality treatment in the Fort Myers Country Club, in exchange for the ability to offer offsite stormwater credits as an additional incentive to redevelopment in the Cleveland Avenue redevelopment area.

In addition to the apartment complex, Grand Central is where the new Krispy Kreme doughnut shop is located, along with AT&T, Jimmy John's sandwich shop, other retail, and Suncoast Express Wash inc, a state-of-the-art car wash.

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