The former Innovation Hub (iHub) site on Alico Road in Fort Myers has been purchased for $6.2 Million.
ITEC, LLC, a privately held company in Naples, closed on the 240-acre property recently and renamed it Alico ITEC Park, which stands for Innovation, Technology, Enterprise, Commerce.
The parcel is near Florida Gulf Coast University’s main campus and south of Southwest Florida International Airport.
Initially, iHub was to be a private and public partnership dedicated to sustainability and renewable energy research. The new owner plans to reposition the property as an upscale, eco-conscious business park with a wider range of end users in mind.
Construction is expected to begin in the third quarter.
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