The Fort Myers Community Redevelopment Agency recently approved a tax increment rebate and development agreement for 2010 Hanson Street located in the Cleveland Avenue redevelopment area.
The CRA approved a tax increment rebate in the not-to-exceed amount of $8.2 million for 2010 Hanson Street disbursed at 85% of increment revenue generated each year until the $8.2 million rebate award is satisfied or until the community redevelopment area sunsets in 2040.
Bloom Ft. Myers is a new multifamily development on just over five acres that 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
The CRA also authorized the Community Redevelopment Agency chairman to execute a development agreement between Redburn Development Partners, LLC and the Fort Myers Community Redevelopment Agency for the development of the multifamily apartment complex.