FloridaHomesMag.com | 53
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NEWS
Paradise Coast
City leaders in Fort Myers are trying
once again to bring a high-rise hotel
to their riverfront district. A poten-
tial hotel developer is looking at the
property by the Harborside Convention Center on Edwards
and Bay streets. The plan is to build a 12-story, 250-room
Sheraton hotel. It will cost $53 million to build, but the city
would have to come up with $5 million to upgrade Harborside
for the developer to consider the deal.
C
NAPLES, FT MYERS, MARCO ISLAND, BONITA SPRINGS,
SANIBEL ISLAND, CAPTIVA ISLAND, CAPE CORAL, ESTERO
PARADISE COAST
52 | FLORIDA HOMES MAGAZINE
The Hyatt Regency Coconut Point
Resort and Spa, a 26-acre resort
located in unincorporated Lee
County is requesting annexation
to Bonita Springs. This will mean a
loss to Lee County's tax base if you
consider that it has a taxable value
of $21.65 million.
Haynes Corporation is expand-
ing its corporate headquarters in
Naples yet again, to step up the
production of parts they make for
trains and tractors. In 2011, the
manufacturer broke ground on a
new LEED-certified facility that was
completed in 2012.
After an extensive $2 million reno-
vation to the Inn on Fifth resort
in Naples last year, owner Phil
McCabe opened his new contem-
porary restaurant, Avenue5. The
restaurant is 7,000 square feet in
size with seating for 240 guests, as
well as a private dining area.
