Investors in a Fort Myers luxury condominium project say they’ve lost hundreds of thousands of dollars on what remains an empty lot three years after making their deposits, raising questions about when — or if — the Prima Luce development will ever be built.
Watch Fort Myers Community Correspondent Miyoshi Price’s report:
Fort myers condo investors seek answers after three years of empty lot
James Trageser and his wife say they invested $96,000 in unit 401 of the Prima Luce development on First Street in 2023. They were excited about the waterfront location and were told construction would start soon.
“When we put the money down and signed on the contract, we were told that if he doesn’t build it, we get all our money back. We get all our money back. That is what we were told repeatedly,” Trageser said…