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Hilco Real Estate Announces July 13th Bid Deadline - Sloane’s Gate Fully Entitled 100+ Acres in North Fort Myers, FL Approved For 550 Multi-Family Units

May 22, 2017

Hilco Real Estate Announces July 13th Bid Deadline -

Sloane’s Gate

Fully Entitled 100+ Acres in North Fort Myers, FL

Approved For 550 Multi-Family Units

 

Minutes from The Shoppes of Del Prado (Publix & Walgreens) & Numerous Golf Courses

 

NORTHBROOK, lL (May 15, 2017) – Hilco Real Estate, LLC announces the date of July 13, 2017 as the qualifying bid date for the Sloane’s Gate Multi-Family Development Site located in North Fort Myers, FL. This 100+ acre site is fully entitled for 550 multi-family units over 25 buildings.  The property is located on heavily traveled Del Prado Boulevard between I-75 and Cleveland Ave (41), minutes from The Shoppes of Del Prado (Publix & Walgreens).

 

The property’s existing zoning allows for a density of 550+ units, which equates to a maximum density of approximately 5 units per acre. A variety of multi-family residential building types including carriage house (flat-over-flat), townhouse, and apartment buildings are allowed. The current site plan has the flexibility to vary based on the building configuration.

 

The site is shovel ready and the existing permits reflect a 22-unit building type, totaling 550 units. Permits include a Lee County Development Order, South Florida Water Management District Environmental Resource Permit (SFWMD ERP), SFWMD Water Use Permit, Army Corps of Engineers (ACOE) Nationwide Permit, and others.

 

Jeff Azuse, Senior Vice President for Hilco Real Estate stated, “Rarely is a fully entitled development property like this available with permits in place to start moving dirt right away.  The Fort Myers and North Fort Myers markets are very attractive and the demand for residences should continue to grow into the near future.  The prime location gives future resident’s easy access to shopping, golf courses, and all the amenities that south Florida offers.”

 

The qualifying bid deadline is July 13, 2017 at 5:00 p.m. EST. To participate in this offering, interested parties should review the extensive due diligence information located on the web page (link below), and submit by July 13, 2017 your qualifying bid.   You will be notified within three business days if your bid qualified to be considered for the next round of offers, where Hilco and the Seller will work with the best qualified offers to structure a mutually acceptable sale.

 

For more due diligence information and to view the terms of sale, please visit www.HilcoRealEstate.com/FortMyers or contact a member of our transactional team at 855-755-2300.

 

About Hilco Real Estate, LLC:  Hilco Real Estate, LLC (“HRE”), a Hilco Global company, is headquartered in Northbrook, Illinois (USA).  HRE is a national provider of strategic real estate disposition services.  Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist clients in deriving the maximum value from their real estate assets.  By leveraging multi-faceted sales strategies and techniques, extensive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE consistently exceeds expectations.

For media-related inquiries about Hilco Real Estate or the Hilco Global group of companies, contact Gary Epstein at 847.418.2712 or gepstein@hilcoglobal.com.

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