The Village of Estero will soon feature a continued care facility on its 21+acre Corkscrew Road project, thanks to the diligent efforts of one Florida CCIM Chapter Leader. The recently approved project at the corner of Sandy Lane is expected to include a maximum of 340 beds and 15,000 square feet of complimentary medical office. The Village’s City Council unanimously approved the rezoning in a recent, two-day long hearing.
What was previously entitled to be 200,000-square-foot of office and retail space can now be developed into a project that offers a reduction in intensity and traffic, all without sacrificing highest-and-best-use.
“This was a very important accomplishment for the city” said Adam Palmer, CCIM, Managing Director of Office and Investment services for LandQwest Commercial, and Vice President of Finance for the Florida Chapter. “Many inside and out of the industry have been pessimistic about getting new entitlements for development in Estero. This rezoning will prove that if the project makes sense, the city is not going to stand in the way,” he added.
Palmer represented both the seller and the buyer for the property and spoke at the Rezoning Hearings. The rezoning efforts that Palmer lead resulted in the very first rezoning approved in the short history of the Village of Estero. The Lee County village, formed in 2014, is the most recent city to incorporate in the State of Florida, he explained, but seemed stalled and had not made any progress regarding rezoning until now.
The buyer for the property, Volunteers of America, a longstanding, faith-based organization, aims at reducing homelessness, hospitalization and institutionalization through various programs across 41 Florida counties and in Puerto Rico. Volunteers of America hope to break ground on the project in 2017.