Madison Ave. Investment Group, LLC, has acquired the 7.8-acre parcel at 2144 McGregor Blvd., near downtown Fort Myers, where the First Street Village development was proposed several years ago.
Phil Fischler of Fischler Property Co. represented the buyer. Cole Whitaker, a partner at Berkadia Real Estate Advisors in Orlando, represented seller Land Holdings, LLC, a holding company affiliated with PNC Bank.
The First Street Village plan called for an “upscale urban” mixed-use development that included condominium towers, offices, upscale and boutique retail, courtyards and resort-style amenities. A portion of the project has since been built out, including a Publix, a First Watch Restaurant and other businesses. No word yet on the buyer’s plans for the parcel.