RITA JAPHET BROKER ASSOCIATE COMMERCIAL REAL STATE

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1 RITA JAPHET BROKER ASSOCIATE COMMERCIAL REAL STATE PRIVATE ISLAND & MARINA DEVELOPMENT OPPORTUNITY FOR SALE Caloosahatchee River / Downtown Fort Myers Caloosahatchee River / Downtown Fort Myers Lofton s Island, Fort Myers, FL Acres Private Island & Marina

2 Table of Contents Property Details Marina Rendering Concept Site Study Aerial Details Location Details River District Information

PRIVATE ISLAND & MARINA DEVELOPMENT OPPORTUNITY FOR SALE Caloosahatchee River / Downtown Fort Myers SITE Price: $5,900,000.

Prime development potential, thirty boat docks in place. Proposed uses to include a hotel or condominiums, retail, restaurants and much more.

3 PRIVATE ISLAND & MARINA DEVELOPMENT OPPORTUNITY FOR SALE Caloosahatchee River / Downtown Fort Myers SITE Price: $5,900, Comments: Located 1,000± Ft. north of downtown Fort Myers in the Caloosahatchee River. Prime development potential, thirty boat docks in place. Proposed uses to include a hotel or condominiums, retail, restaurants and much more. Site plan available. Strong area of residential growth, with over 3,000 waterfront condos to support the island. There are always a variety of activities and events which draw people into the Downtown River District.

4 CONCEPT SITE STUDY

5 CONCEPT SITE STUDY

6 LOFTON'S ISLAND - AERIAL PHOTOS

7 LOFTON'S ISLAND - LOCATION DETAILS SITE SITE

8 THE FORT MYERS RIVER DISTRICT MyRiverDistrict.com has been created to provide visi- tors a comprehensive site to explore the many offerings of the Fort Myers River District. There are so many wonderful business- es, organizations and events that call the River District home. This information is a collaborative effort between the Fort Myers Conference & Convention Council and the Fort Myers Redevel- opment Agency. Who we Are? The City of Fort Myers created the Downtown Rede- velopment Agency (DRA) in 1984 to combat the deteriorating condi- tions within the downtown commercial area. Originally established as an Independent Special District, the City Council appointed itself the governing body of the City s Community Redevelopment Agency (CRA), under the auspices of Florida Statute Chapter 163, in 1988 and the DRA then became a division of the CRA. Currently, the City Coun- cil, along with the Mayor, serves as the Community Redevelopment Agency Board. The Fort Myers River District is a TIF district. Tax increment financing(tif) is a unique tool that allows municipalities to promote economic development by earmarking property tax revenue from increases in assessed values within a designated TIF district. It is used to leverage public funds to promote private sector activity. Any funds received from a tax increment financing area must be used for specific rede- velopment purposes outlined in the statute, and not for general gov- ernment purposes. The CRA is the governing body which oversees the usage of these funds for the areas improvements. The Fort Myers Confer- ence & Convention Council (CCC) is the official advisory board of Harborside Event Center. The CCC is comprised of professional business leaders from across the City of Fort Myers and Lee County with specific interest in the marketing of Harborside Event Center as a convention destination. The CCC Board Members all serve in a volunteer capacity for the benefit of the City of Fort Myers. The CCC is tasked by City Council to advise facility management and oversee the associated marketing expenses of the venue. It is the mission of the CCC to assist City leaders with the expan- sion planning of the venue to create a convention destination that will provide positive economic impact to the surrounding area and Lee County. The CCC works jointly with the Lee County Visitor & Convention Bureau in the distribution of marketing funds to the venue which are specifically earmarked for marketing Harborside Event Center to out of town meeting, exhibition and convention planners.

9 EXECUTIVE SUMMARY Lofton Island Retreat located in the Caloosahatchee River 1,600 feet from the riverfront. Multiple restaurants and bars within the various project elements. Existing 65,000 SF Harborside Event Center to undergo a $9 Mexpansion/ renovation by the City of Fort Myers. The Downtown district, also known as the River District, was established in 1984 as a 540-acre area stretching from the Caloosahatchee River to Victoria Avenue and from West First Street to Billy s Creek. Planner Andrés Duany and his teams created a plan in 2009 which is becoming a reality, a walkable downtown where residents could live, work, shop, dine, socialize, and be entertained. Highlights of the Duany Plan included: Rezoning downtown using five land use designations: urban core, urban center, urban general, civic, and river district. The establishment of a Smart Code to simplify development permitting. The creation of a Street-scape Plan to unify and upgrade the public rights of way. Encouraging pedestrian-friendly development to increase foot traffic in the retail and residential districts. Encouraging mixed-use developments such as residential over retail or commercial space. Advances within the masterplan include a $54M, 54-block utility replacement and streetscape improvement project completed in 2010, reconfiguration of one-way streets to two-way throughout the core of downtown, the opening of a 40,000 SF Publix grocery store, the completion of a new $20 million public library, new parking garages, renovation and upgrades to the City Yacht Basin, designation by the State of Florida as a Waterfronts Florida Community, as well as the completion of 1,200 new residential units and restoration of 20 historic buildings that now contain over 50 restaurants, bars and night clubs as well as more than 35 retail shops, a nationally acclaimed live professional theater company, an arts center and over 1.5 million SF of government and private office space. As a result, downtown Fort Myers has become a premier destination in southwest Florida due to the strong desire of the community to leverage its unique riverfront location and historic, pedestrian oriented city center.

EXECUTIVE SUMMARY Historically a working city of shipping and industry, Fort Myers is today the business and governmental hub of Lee County and a region known as Southwest Florida, which includes

The city has aggressively invested in its infrastructure and incentive opportunities to establish a vibrant downtown that attracts residents, visitors, businesses and investors.

the downtown riverfront is projected to become a regional and national destination for large boating and outdoor activity conventions and events.

10 EXECUTIVE SUMMARY Historically a working city of shipping and industry, Fort Myers is today the business and governmental hub of Lee County and a region known as Southwest Florida, which includes Lee, Hendry, Glades, Collier and Charlotte counties. The city has aggressively invested in its infrastructure and incentive opportunities to establish a vibrant downtown that attracts residents, visitors, businesses and investors. The success of the downtown market is driven by a baby boom demographic that is looking for a live, work, play environment with a wide range of opportunity for business and leisure activities.the downtown riverfront is projected to become a regional and national destination for large boating and outdoor activity conventions and events. The Edison & Ford Winter Estates, located just 5 blocks from the Harborside site, which boasts an additional 300,000 annual visitors to the downtown area. In summary, the combined elements will allow the River District to effectively compete on a national and international level for business, convention and leisure stays. As a result, downtown Fort Myers has become a premier destination in southwest Florida due to the strong desire of the community to leverage its unique riverfront location and historic, pedestrian oriented city center.

PROJECT DESCRIPTION ISLAND RETREAT IMPROVEMENTS Lofton Island - Just 1,600 feet from the riverfront and water taxi/ ferry, the Island Resort component will host a unique opportunity for the general

11 PROJECT DESCRIPTION ISLAND RETREAT IMPROVEMENTS Lofton Island - Just 1,600 feet from the riverfront and water taxi/ ferry, the Island Resort component will host a unique opportunity for the general public to escape the everyday and just chill while being only minutes from the energy of downtown and the Harborside Convention Center. The Island Resort featuring pools, tropical landscape will bring an entirely different perspective to Southwest Florida with its unique, authentic, tropical feeling of escape that is experienced immediately upon arrival - clearly to emerge as a top destination for leisure and business travelers from around the world as well as everyday patrons of the island s top food and beverage offering and water amenities available by day pass. Bar & Grill This rustic indoor - outdoor offering extending over the water on the northwest shore will feature a waterfront bar, welcoming front porch feel and outdoor deck overlooking the river basin to the west. The bar will host daily sunset rituals and will have a water taxi dock for added ease of access. Tiki Bar This tiki bar will feature walk-up, sit up, swim up service from the island pool area and will serve cocktails, beers, and Cheeseburgers in Paradise next the to water slide and shallows for the more youthful at play. Café Located on the western beach area with of the resort. Snacks, and the coldest beer on tap anywhere for boaters. KEY LAND COMPONENTS The land required to execute the project is held privately. The private land upland island lands in the Caloosahatchee River basin known as Lofton s Island. Located directly on the beautiful Caloosahatchee River, next to Fort Myers River District.The river flows into the Gulf of Mexico, passing the Edison & Ford Estates. Spectacular panoramic unobstructed water and sunset views. The location is ideal as it is close to beautiful natural reserves, private beach clubs, shopping, fine dining and night life. Four miles Cove Ecological Preserve world renown Captiva & Sanibel island private beach & 43 golf courses.this 8 acres property can include the best luxury amenities.the island is a boater s dream offering fishing as well as a variety of water sports activities.

12 UNIQUE FACTORS FOR SUCCESS Based upon Worthington s experience in the local market, and awareness of unique factors that will impact additional and aggressive growth of the Downtown have identified a unique set of investment opportunities that can be combined into a business, convention and leisure destination of national and potentially international scale and appeal. Some of the unique factors that directly and indirectly impact the opportunity further described below includes: A southwest Florida location and lifestyle that is heavily influenced by an above average income baby boomer lifestyle. A privately owned island location that is uniquely located within an urban core and is surrounded by river bottom uniquely owned by the City of Fort Myers with key infrastructure components in place. A municipality that is aggressively seeking development within its urban core and likely to be supportive of the proposed concept. Pending regulatory changes to local development regulations that will further encourage growth in the urban core of Fort Myers. Significant progress, growing popularity and ever increasing private investment within the Fort Myers River District. The 70,000 SF Harborside Convention Center that is significantly underutilized and scheduled for a $9M renovation in 2016

Lofton s Island, Fort Myers, FL

PRIVATE ISLAND & 1.8± ACRE WATERFRONT DEVELOPMENT OPPORTUNITY FOR SALE Caloosahatchee Caloosahatchee River / Downtown River / Downtown Fort MyersFort Myers Lofton s Island, Fort Myers, FL - 33901 LAND