Luxury Fort Myers Beach Condo Finally Complete After 45 Months of Delays

Luxury condo developer London Bay Homes held a ribbon-cutting on Wednesday for its newest completed project, Grandview at Bay Beach, on Fort Myers Beach. The 11-story, 58-unit tower faced challenges during its 45-month construction including COVID-19 shutdowns, supply chain disruptions, and Hurricane Ian delays.

Originally budgeted at $50 million with an 18-month timeline, Grandview ended up costing around $60 million and took over twice as long to finish. After pausing for the pandemic in 2020, work resumed but supply shortages slowed progress. Despite hitting obstacles, the project is now 70% sold with units priced from $1.3 million to $3 million.

London Bay CEO Mark Wilson said finalizing Grandview boosts psychology on the island after Ian. Though costs exceeded estimates, the developer avoided financing issues by using cash rather than loans. Local leaders attended the ceremony and praised the high-end condo project as benefitting the community.

My Thoughts :
We got to see the nearly completed Grandview at Bay Beach Tower a few months back. It was exciting to see new high-quality development on the island like this.

Touring the building, we were very impressed by the design and amenities at Grandview. The condos exude a tranquil, luxurious feel with gorgeous water views.

While construction faced pandemic and hurricane challenges, it's a testament to the developer's persistence that this project crossed the finish line. The ribbon-cutting ceremony proved well deserved.

Having brand new real estate like Grandview finished provides optimism for Fort Myers Beach's outlook and rebirth. It also hopefully signifies more construction activity to come to other sections of the island, bringing employment and resources to accelerate recovery in affected areas.

Though some oppose new density, responsible projects like this that upgrade the island are welcome additions. We hope Grandview's completion spurs further investment so Fort Myers Beach and surrounding communities can thrive once more.