The Soltura Development Group, LLC. Breaks Ground on Argos by Soltura

Chamber News,

The Soltura Development Group, LLC. Breaks Ground on Argos by Soltura

A New 140-Unit Build-for-Rent Community in Fort Myers, Florida

Naples, Florida. – February 21, 2023 – Soltura Development Group, LLC., a real estate development company, today announced the groundbreaking of its latest development, Argos by Soltura.  The groundbreaking ceremony was hosted by SWFL Inc. and attendees included Mayor Kevin Anderson, Halstatt Real Estate Partners, BUILD, LLC., and members of the Soltura Development Group. The property is located within five miles of the firm’s two other Fort Myers build-for-rent development projects which provide a total of 429 units within the MSA.

“It is exciting to be the developers pioneering a brand-new class of rental homes to the Southwest Florida market, especially at a time when macro-economic factors and housing affordability have impacted so many Floridians,” said Arron Simon, co-founder of Soltura Development Group. “Our early success at Odyssey and today’s groundbreaking of Argos by Soltura reinforces our commitment to a development philosophy of providing high-quality rental homes within thoughtfully designed, amenity-rich communities at an apartment price.”

The property will feature 140 rental homes comprised of a mix of one-, two-, and three-bedroom units offered in a clustered, two-story cottage format. All residences will have private first-floor entryways and private fenced, backyards with patios, which provides, on average, 533 sq. ft. of additional living space per unit. The community will be equipped with state-of-the-art amenities, including a luxury clubhouse that will support a leasing center, fitness center, lounge room/work area, and mailroom as well as a resort-style pool with cabanas. The property is situated within proximity to the intersection of two major arterial roads in Fort Myers, Winkler Avenue and Metro Parkway, and backs up to the N. Colonial Linear Trail, providing residents direct access to a paved bike trail and community park. In addition, the Fort Myers MSA ranked as the sixth fastest growing area in the US according to a 2022 Census Bureau Report, growing 6.8% between July 2020 and July 2021.

"The demand for build-for-rent properties remains strong, and the initial success at Odyssey by Soltura has energized us and reinforced our conviction in the build-for-rent space." says Steve Iannaccone, principal, Halstatt Real Estate Partners.  "In just six months, Odyssey by Soltura hit 90% occupancy, and tenant interest in this unique rental product has exceeded our expectations despite economic uncertainty.” This project represents Halstatt Real Estate Partners’ third joint venture with Southwest Florida based developer, Soltura Development Group.

About Soltura Development Group, LLC.

The Soltura Development Group is a design-centric development company formed in 2020 to develop single-family rental communities.  Soltura currently has 629 homes under various stages of construction and development in Southwest Florida with another 200 homes planned in Northwest Arkansas.  

About SWFL Inc.

SWFL Inc. is a regional chamber of commerce serving the Southwest Florida business community. It connects businesses to a regional network of customers, offers educational resources to help them grow in a modern economy, and actively works to solve regional issues that impact the business community. At SWFL Inc., membership is free and open to all businesses to create (inc)lusive opportunities for all.

Ranked among the top one percent of chambers nationwide, SWFL Inc. produces exceptional business resources and programs to serve the business community, promote a region where businesses can grow and prosper and enhance the quality of life in Southwest Florida.

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