The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (213332)	7/30/2009 3:00:15 PM
From: MoneyPenny	Read Replies (1) of 306849

Coconut Point is the only one doing ok. We are going down there tonight for dinner at Angelina's, an off site restaurant, but one that is busy. Coconut Point has sucked the life out of everything else in Fort Myers area. It is cute. I was asked to do many of the condos that were located over the shops and passed. It was a conflict as I was the interior designer for a similar project in the "river district" of Fort Myers. That is a project that will not be built, at least not for many years. I was laid off 18 mos. ago. Same concept. I think the number of people who want to live above retail stores is limited. I don't think anyone lives above the Coconut Point stores. The Mercado is another one of these messed-up use places. Lots of restaurants but few other shops yet and hundreds of empty condos. Nice restaurants though and some of the bars get 300-400 people a night. That is the new hot spot in Naples and southern Lee Co. They opened a Capital Grille there and just a few miles south the Ruth's Chris closed. We need another high end steak house like we need another strip mall. mercatonaples.com I have written here many times of all the empty strip malls between Fort Myers and Naples. One every 1/2 mile, most completely empty or inhabited by a forlorn Nail shop. Looking bad for all. I think hydroponic farming might be an alternate use (no grow house jokes, please). What the hell are they going to put in these? Cape Coral has such horrendous problems owing to the way it was platted, that I wouldn't buy there even if the houses were $50 like Detroit. They have some Detroit size problems. I've warned of their problems for years here.

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