Fort Myers Beach is seeing another significant transformation with the planned development of a new resort on Estero Boulevard, where the former Outrigger Resort and Charlie’s Restaurant once stood. This project is undertaken by real estate developer London Bay.
Last summer, London Bay acquired the two properties for over $38 million, with a vision to develop the beachside property into a modern resort featuring 196 units.
Mark Wilson, the President and CEO of London Bay, shared the scale of the investment. “If you add the construction cost plus the acquisition cost, you’re looking in today’s dollars, north of 200 million,” he said.
The project’s approval is still pending, with the public given the opportunity to voice their opinions before town leaders formalize the plans. If given the green light, the completion of the resort is anticipated by the end of 2027. A notable change to the skyline is expected, with the resort reaching 17 floors, an increase from the original 4-story structure that preceded it.