Condo tower planned near Sanibel Causeway
Condo tower planned near Sanibel Causeway
A 15-story high-rise condominium is planned for a 200-acre parcel on Summerlin Road just before the Sanibel Causeway.
M.L.G. Development Corp. of Brookfield, Wisc., intends to build the tower starting later this year, said John Graham, a principal with M.L.G.
"It's a piece of real estate that has great views, a very finite area to develop," he said. "We were willing to cooperate with all the governmental agencies, and we'll be building on a very small area. The vast majority of the land will be in conservation."
The company has already talked to Liberty Mutual Resorts, owner of the adjacent Sanibel Harbour Resort & Spa, about sharing amenities and access to the water. "We have had dialogue about access to their property."
Van Hooper of South Seas Sanibel & Captiva Properties handled the sale of the land. He said the units will start at $1 million with the high end yet to be determined.
The property has a full mile of frontage on Summerlin and is mainly wetlands with a 12-acre patch of dry land where the actual condo will be built, he said. "You'll drive by and you won't even see it. There'll be a nice winding road back to it."
According to public records, M.L.G. paid about $3.8 million for three parcels of land that make up most of the property.
M.L.G. Development Corp. of Brookfield, Wisc., intends to build the tower starting later this year, said John Graham, a principal with M.L.G.
"It's a piece of real estate that has great views, a very finite area to develop," he said. "We were willing to cooperate with all the governmental agencies, and we'll be building on a very small area. The vast majority of the land will be in conservation."
The company has already talked to Liberty Mutual Resorts, owner of the adjacent Sanibel Harbour Resort & Spa, about sharing amenities and access to the water. "We have had dialogue about access to their property."
Van Hooper of South Seas Sanibel & Captiva Properties handled the sale of the land. He said the units will start at $1 million with the high end yet to be determined.
The property has a full mile of frontage on Summerlin and is mainly wetlands with a 12-acre patch of dry land where the actual condo will be built, he said. "You'll drive by and you won't even see it. There'll be a nice winding road back to it."
According to public records, M.L.G. paid about $3.8 million for three parcels of land that make up most of the property.
posted by James Haft at 5:01 PM
0 Comments:
Post a Comment
<< Home