Liz Freeman | Naples Daily News
What you need to know
Lee Health has crunched financials for staying as a public hospital or becoming a private nonprofit system and found a conversion would bring gains after an initial hit.
The publicly-elected board of the 1,865-bed system with a $3 billion operating budget was briefed Thursday on how some revenue sources as a safety net hospital would be foregone while new financial opportunities would open up.
A 10-year projection starting in 2025 shows Lee Health’s net patient revenue at $34.5 billion if it stays as a public hospital. It would jump to $35.5 billion with the conversion to a private nonprofit. That would be a gain of $1 billion over the 10-year forecast, according to projections by Ben Spence, chief financial officer.
A key short-term loss would be $60 million in supplemental payments that are currently used to support treating uninsured and underinsured patients, according to Spence.
What are the upsides? Read more on naplesnews.com
Laura Layden | Naples Daily News
A furnished, Gulf-front penthouse has hit the market for a record price at The Regent in Park Shore.
Its price tag? $29.5 million.
Built in 2002, The Regent, a 24-story tower overlooking the Gulf of Mexico, sitting within the city of Naples, has 37 homes. That includes five penthouses.
Penthouse Three recently listed at an unheard-of price in the high-rise community after a major renovation by Borelli Construction and Calusa Bay Design.
According to the listing agents, the Earls | Lappin Team, with John R. Wood Christie’s International Real Estate, the inside of the residence spans more than 12,000 square feet, with 1,700 square feet of additional outdoor terraces. There are five bedrooms, a study with a private bar, six full- and two half-sized bathrooms, a theater room, a club room with a private fitness studio and a three-car garage, with a private entrance and exit.
View the photo gallery and get the details on naplesnews.com.
To view luxury homes currently for sale in Naples, Bonita Springs, Marco Island, contact David at 239-285-1086 or David@DavidFlorida.com
Mark H. Bickel, Laura Layden | Naples Daily News
There was some big news in the Southwest Florida real estate world on Tuesday.
Naples Daily News business reporter Laura Layden broke a story about a beachfront redevelopment site in Naples, also known as the “Miracle Mile,” fetching more than $100 million.
Layden reported the BH Group and The Kolter Group, both based in South Florida, purchased the Bahama Club, a mid-rise condominium complex, overlooking the Gulf of Mexico. The purchase price: $102.6 million.
View the photo gallery and read 5 Things to know about Naples “Miracle Mile” on naplesnews.com.
To find new construction homes in the Naples-Bonita Springs area contact David at David@DavidFlorida.com or 239-285-1086.
Phil Fernandez | Naples Daily New
Not only will the Edison Awards bring some of the planet’s most innovative and talented minds to downtown Fort Myers this week, it’s also a moneymaker for Southwest Florida.
The economic impact is estimated at about $3 million, according to public records, with the hope that perhaps some of these visiting big dogs could eventually do more business in the area, set up offices or even move corporate headquarters here.
“There’s about 600 CEOs from 24 countries — the largest gathering of CEOs in the state of Florida,” said Lee County Economic Development Director John Talmage, who’s on the executive committee for the Horizon Foundation, an awards sponsor.
Here’s what to know.
Who are among the globe’s brightest minds converging on SW Florida?
The future and the execution of concepts to come are what’s at the heart of the awards, named after local winter resident and global whiz Thomas Alva Edison, who died in 1931. Established in 1987 in New York, the confab of some of Earth’s top business and government executives, academics and inventors comes Wednesday through Friday to the region for the fourth time to share concepts and hand out or receive honors at the Caloosa Sound Convention Center.
Find out more on naplesnews.com.
Laura Layden | Naples Daily News
Dirt is flying on a long-awaited luxury resort development in Bonita Springs.
Heatherwood Construction has broken ground on the first phase of Cabana Resort, marking a significant milestone for what’s dubbed as an innovative condominium and entertainment mega-development.
The development has faced myriad challenges, from regulatory hurdles to supply chain shortages.
It’s rising on a 10-acre site, west of U.S. 41, between Luke Street and Meadowlark Lane on the north side of Bonita Beach Road. The vacant property sits next to Bonita Village, which has been absorbed into the new development.
Rodes Restaurant & Fish Market once operated on part of the land. The popular family-run eatery closed in 2019 after nearly 20 years in business, and its building came down a few years later, to make way for progress.
The first phase of Cabana Resort is a seven-story building, with 110 condominiums.
Read more about Cabana Resort on naplesnews.com
To find new construction homes in the Naples-Bonita Springs area contact David at David@DavidFlorida.com or 239-285-1086.
Mark H. Bickel | Naples Daily News
A Naples home is No. 1 on the list for most expensive single-family property transfers in Collier County from March 1-31, 2024.
This home is located at 900 Spyglass Lane in the Port Royal neighborhood. It has five bedrooms and eight bathrooms. It sold for for $22,000,000.
The house previously sold for $4,300,000 in 2005.
See the Top 10 real estate sales in Collier County recorded for March 2024 on naplesnews.com.
To view luxury homes currently for sale in Port Royal contact David at 239-285-1086 or David@DavidFlorida.com
