Liner Building Acquisition
Outstanding location on First Street in downtown Ft Myers, the Liner Buildings are part of the Riviera & St Tropez riverfront condominium complex, completed in 2008. The asset is comprised of two “grey shell” buildings, each three stories, totaling 25,000 sf. The exteriors are 100% complete, interiors require complete finish. In total there are 20 units, 16 residential, 4 retail.
The company plans to rent all units for a period of approximately 2 years after completion and then market the units as individual condominiums upon market improvement.