Colorado Mogul invests in Fort Myers River District
From the News-Press, July 3 2010:
A bargain-hunting entrepreneur who thinks the local real estate market is close to a comeback has paid $21 million for a high-rise condominium project and the adjacent First Street Village.
First Street Village is partially built and High Point Place along the Caloosahatchee River has 76 units remaining to be sold.
These are Arsenault’s first ventures into Lee County, but he’s already done six deals and invested “something on the order of $50 million in South Florida,” he said — adding that he intends to put another $500 million in Florida real estate over the next several years.
“We’re doing what we believe to be right,” he said. “We’re making a huge investment. The money we’re talking about is frankly my money. I’m putting my money where my mouth is.”
Full Article here.