ROYAL PALM

Royal Palm is a transformative waterfront redevelopment project located in the Historic River District of Downtown Fort Myers. Situated on a 1.95-acre site overlooking the Caloosahatchee River and Yacht Basin, the project is designed to support the continued growth of Downtown Fort Myers by introducing new accommodations for businesses, visitors, and residents. Through a carefully planned three-phase development strategy, Royal Palm will enhance the area’s economic vitality, strengthen its hospitality offerings, and contribute to the creation of a vibrant, walkable waterfront destination.

Phase I will commence with a vast redevelopment and beautification of the current Royal Palm Tower, which will host 190 newly designed corporate suites, each with spectacular views of both the serene Caloosahatchee River and the historic River District of Downtown Fort Myers. The first floor will also host a restaurant to increase foot traffic, promote business expansion, and support cultural enrichment in the surrounding River District area.

Phase II will boast a much-needed expansion of the town’s lodging accommodations for tourism and conventions, with a visionary 253 upscale, full-service hotel rooms set to elevate the hospitality landscape. The addition of the hotel will provide the necessary lodging to make the most of the newly constructed Caloosa Sound Convention Center with a capacity for 3,000 attendees. Guests will be steps away from Downtown’s dining, shopping, and entertainment, stimulating the local economy and strengthening the heartbeat of the town’s local attractions.

Phase III will feature 104 newly developed residences with elevated resort amenities. The residences will provide a unique product for professionals in or near Downtown, as well as retirees and new arrivals to the area. All this will culminate in a promotion of the town’s walkable, open spaces and services for residents and visitors to enjoy.

Information

Location: Fort Myers, FL

Address: 2424 Edwards Drive, Fort Myers, FL 33901

Property Type: Mixed-Use Development

Description: Waterfront Office, Hospitality & Residential Redevelopment

Acreage: 1.95 Acres

Number of Units: 190 Corporate Suites / 253 Hotel Rooms / 104 Residential Units

Parking: 190 – 1.5 / Bed

Total Capitalization: $54,901,900

Co-Developer: Jaxi Builders and Mainsail