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Ground broken for Porto Vista apartments

December 11, 2019
By CHUCK BALLARO (news@breezenewspapers.com) , North Fort Myers Neighbor

A major apartment complex on the edge of North Fort Myers is expected to open its first building by summer.

A ceremonial groundbreaking was held last week at the Apartments at the Isles of Porto Vista for the project located near the North Fort Myers community line just off Del Prado Boulevard, North. The project has already gotten under way, and an aggressive timeframe should result in the first building of 15 units being completed by May, and all eight buildings being completed by the end of next year.

The apartment complex will have one-, two- and two-bedroom-convertible apartments for rent. About 228 units will have been built when finished with a price point that's at current market rates, said Bernie Offenberg, president of Harbor Development and Genesis Properties, the company building the apartments.

The one-bedroom units will be 950 square feet, the two-bedrooms will be 1,100 square feet and the "convertibles" will be around 1,200 square feet.

"We expect them to be a little lower than the market is currently getting, with one-bedroom apartments getting around $1,200 to $1,300 per month, with the convertibles going for around $1,500," Offenberg said.

The city of Cape Coral has identified a serious housing shortage in the city, which also extends to Lee County and a good part of the county.

"We are undergoing a severe shortage of fairly priced market rate housing for the demand in the market, that is seeking more product than it is able to deliver," Offenberg said.

Offenberg added the market isn't too good for condos, which the Isles of Porto Vista has plenty of, having been built before the downturn. But the market is strong for apartments, which was why the company was decided to build apartments there to meet the demand.

Mike Aiello, superintendent for the project, said things are on schedule and should remain so for the remainder of the project. Multiple trades and operations will be coming in, with as many as 200 working on the project at times.

"You can't see a whole lot, but there are five buildings with foundations and pipe in the ground and we're ready to go vertical," Aiello said. "We're going to have 40 or so masons coming in, so that will be a huge crew. We're very confident we'll make our schedule."

 
 

 

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