FORT MYERS, Fla. — Ziegler has arranged $150 million in bond financing for Shell Point Retirement Community, a nonprofit, faith-based continuing care retirement community (CCRC) in Fort Myers.
Shell Point currently consists of 1,334 independent living units, 356 assisted living units and 180 skilled nursing beds located in seven distinctive neighborhoods: The Island, Palm Acres, The Woodlands, Eagles Preserve, The Enclave, The Estuary and Waterside. The property features a wide array of home styles, resort amenities and services.
The community is located on 700 acres along the Caloosahatchee River.
Shell Point will use the proceeds of the bonds to construct 58 independent living units to be known as Vista Cay in the Island neighborhood. The Vista Cay residences will be located in a 14-story building with river and gulf views on a 11.6-acre site.
The first and second living floors will include 11 loft apartments, the third through ninth living floors are planned to include conventional midrise apartments and the 10th through 12th living floors are planned to include four penthouse apartments each. The first living floor also includes amenities including a gathering room, a catering kitchen and an outdoor terrace.
The building will include a two-story, ground-level parking podium that will provide approximately 117 parking spaces and 59 golf cart spaces for its residents. Vista Cay will further expand the choice in residences across the existing community, broaden the continuum of entrance fee pricing that Shell Point offers, and add new monthly maintenance fees to Shell Point’s operations.