(March 4, 2022) FT. MYERS – Redburn Development Partners is excited to announce Bloom Ft. Myers, a new multifamily development located at 2010 Hanson Street in Ft. Myers. The project will be the first for the developer in the state.
Bloom Ft. Myers will consist of 336 moderately priced apartments, thoughtfully designed with modern fixtures and finishes. The apartments will be priced to accommodate everyday workers in the area, a segment that often gets priced out of more luxury products.
“Workforce Housing is vital to a growing community and Redburn Development Partners works tirelessly to provide people with a great standard of living at valuable price point,” said Thomas Rossi, company principal. “Housing must be approachable for all segments of the population. The middle is missing and often gets overlooked but is remarkably vital to the local economy.”
Redburn has developed over one million square feet of workforce housing, mostly in upstate New York in the past five years. The project ownership group consists of Redburn, GSI Equities and Divinity Development Partners. The team saw a palpable need for moderately priced housing in the Fort Myers area and were welcomed by local officials.
“This multi-family project will be a very exciting addition to a key corridor in the City of Fort Myers” said Mayor Kevin Anderson. “As our population grows and evolves, workforce housing is vital to support the folks who keep our city vibrant. The units promise to be beautiful, functional and attainable, a genuine solution to the housing demands of our city. I am enthused to see the project built and cannot wait for its opening.”
Bloom’s 336 apartments will be a mix of studio, one- and two-bedroom layouts. Amenities will include a pool, gym, game room, playground, dog park, business center and co-working space. The total project cost is estimated at $71.7M. Redburn worked with the Ft. Myers Community Redevelopment Agency on a TIF rebate to help make the project possible.
“Bloom Fort Myers is exactly the kind of project CRA incentives are designed to attract, given the CRA Board’s priority to have attainable houseing developed in the City of Fort Myers” said CRA Executive Director Michele Hylton-Terry. “We are thrilled to welcome Bloom to Fort Myers.”
A groundbreaking is expected by the end of May, with the first phase of the property slated to be finished by late 2023.The project is being built by DeAngelis Diamond, an innovative, award-winning, national construction management firm, specializing in senior living, multifamily, and healthcare construction. Progress can be tracked at www.bloomftmyers.com.