FORT MYERS, Florida 22 July 2011— Cameratta Companies recently announced plans to begin construction of The Preserve at Corkscrew, a 510 acre residential property located within the City of Estero, in Lee County, Florida. The gated community will feature on-site recreational and social amenities, including a 6,000 square foot clubhouse, fitness center, and an outdoor resort-style swimming pool. Design plans for The Preserve at Corkscrew provide a location for a free standing full service restaurant located on Corkscrew Road at the entrance to the residential area. The planned 441 single-family lots make up Southwest Florida’s newest residential community which will also feature over 360 acres of natural preserves and walking trails, providing residents an additional source of recreation. Residents of The Preserve at Corkscrew will benefit from its prime location that boasts a wide selection of retail, restaurant, and entertainment venues, excellent K-12 and higher education schools, as well as easy access to I-75 and the Southwest Florida International Airport.
“Cameratta Companies is extremely excited and eager to begin the sales and construction of The Preserve at Corkscrew,” stated Nick Cameratta, Manager of Cameratta Companies. “This is a prime location with Gulf Coast Town Center, Miromar Outlets, Coconut Point and Florida Gulf Coast University only minutes away making it a premier destination in Southwest Florida to live, work and raise a family for years to come.”
Cameratta Companies has secured and closed on private equity financing to enable the construction of the first phase, 116 lots, scheduled to begin in August 2011 and expected to be available by January 2012. Targeted sales outreach efforts will also begin in August, as contracts with two national builders are currently being finalized. Demand at this location has been very strong which has continued to create a noticeable amount of excitement.
Cameratta Companies, LLC is a full-service, leading real estate development company and a pioneer in the real estate industry. With more than 30 years of experience, the Cameratta organization has successfully developed thousands of acres of raw land into masterfully designed communities including single family and multi-family residential communities, high-rise condos and golf course communities. Cameratta Companies is noted for helping to rejuvenate the River District in Downtown Fort Myers with its signature real estate projects, High Point Place and First Street Village.
For more information, please contact Cheryl Yano, Director of Marketing for Cameratta Companies.
FORT MYERS, Florida 10 November 2010— Cameratta Companies, an industry leader in real estate development for over twenty-nine years, is once again teaming up with Colorado based Real Capital Solutions, one of the nation’s most experienced, well-capitalized real estate investment companies, to move forward with new plans of First Street Village, a mixed use development project located in “Uptown” Fort Myers. RCS and Cameratta recently teamed up to purchase the remaining units at the nearby luxury High Point Place condominium development.
“We are excited to once again collaborate with a respected and successful company such as Real Capital Solutions,” said Joe Cameratta of Cameratta Companies. “Our combined efforts will contribute to make First Street Village the premiere destination for the ultimate shopping, entertainment, and upscale cosmopolitan experience in the Fort Myers River District.”
Situated in the historic River District of Fort Myers, First Street Village features an alluring offering of luxurious condominiums, and upscale retail, restaurants and a Publix Supermarket, surrounded by breathtaking scenery in an urban setting. In addition to the existing 4 residential townhomes, Publix Supermarket and approximately 20,000 square feet of existing boutique retail including First Watch Restaurant, We Scream For Ice Cream, Platinum Image Spa & Salon, and Subway, new plans call for 200 additional residences located within 4 separate buildings and approximately 30,000 square feet of additional retail. Residences will be available starting at $149,900. From granite kitchen countertops to a master bath that evokes elegance, each interior provides residents with a comfortable, soothing atmosphere. The upscale urban experience that defines First Street Village includes first-class amenities such as a resort style pool and spa, an oversized state-of the art fitness center, club room, as well as lavish courtyards and landscaping. Pre-construction residences at First Street Village will be available for reservation November 12, 2010 with a $2,500 fully-refundable deposit. Prospective purchasers with existing homes to sell can reserve today, for a unit delivery in mid 2011, to take advantage of pre-construction/ pre-season pricing and low interest rate financing.
“With Cameratta’s already proving High Point Place to be a success, we feel the demand is there to move forward with First Street Village, said Marcel Arsenault of Real Capital Solutions. “Other than High Point Place, there are very few, if any, new condos available in “uptown” Fort Myers at a price point we are offering at First Street Village.”
Cameratta Companies, LLC is a full-service, leading real estate development company and a pioneer in the real estate industry. With more than 29 years of experience, the Cameratta organization has successfully developed thousands of acres of raw land into masterfully designed communities including single family and multi-family residential communities, high-rise condos and golf course communities. From humble beginnings in the early 1980s, to national recognition for quality design and development today, Cameratta Companies is noted for helping to rejuvenate the River District in Downtown Fort Myers with its signature real estate projects, High Point Place and First Street Village.
Real Capital Solutions has caught the attention of many in the industry after calling the market crash in 2006 and going to cash. The company sold nearly $300 million of the firm's apartment, retail and office investments throughout the United States — about 80% of the company’s 140 properties. As of year-end 2009, with cash in hand when cash is king, the company has acquired $155 million of residential projects in Arizona, Florida and Colorado. RCS is now targeting an additional $500 million to recover value lost in non-performing assets and in distressed markets across the country through its three focused initiatives: Condo Capital Solutions, Homebuilder Capital Solutions, and Apartment Capital Solutions.
(September 15, 2010. Fort Myers, FLA)- Summer sales have peaked to a three-year high at High Point Place, located in the River District of downtown Fort Myers, and have exceeded projections for anticipated sales for the summer months of 2010.
Summertime sales and other real estate activity in Southwest Florida typically comes to a stall during the summer months, but the residential units located at the High Point Place towers that overlook the Caloosahatchee River remain viable investments for those seeking a refreshed, waterfront lifestyle. Despite the slow real estate market for others, High Point Place continues to sell.
“The opportunities at High Point Place present a very attractive option right now,” says Nick Cameratta, of Cameratta Companies. “Good prices, a depleting inventory and low interest rate loans have convinced more people to become High Point Place residents this summer than we expected.”
High Point Place sets a new standard in luxury waterfront urban high rise condo living. All residences have private elevator entrances and unsurpassed views of the Caloosahatchee River on their back terrace and views of the City of Fort Myers and The River District from their front terrace. Waterfront pricing is currently being offered at $299,000, a superb deal for this location and with the developer inventory depleting, this could be the last season High Point residences will be available at this price. For more information about purchasing your own unit at High Point Place, please contact the Sales team at (239)334.4164.
Cash in Hand, Quick Due Diligence, On-the-Spot Closing Key to RCS’ Winning Strategy in New Market Reality
FORT MYERS, Florida 30 June 2010—Colorado based REAL CAPITAL SOLUTIONS (RCS), one of the nation's most experienced, well-capitalized real estate investment companies, and a trailblazer in the hot asset class of real estate, announced today it had closed on two major Lee County assets for the combined value of $30 million with Fort Myers-based CAMERATTA COMPANIES (Cameratta). The first deal involved the purchase of a construction loan for 76 units that remain to be sold by Cameratta at the luxury High Point Place condominium development in Fort Myers; the second involved the acquisition of 511 acres of entitled land in Estero, Florida, known as The Preserve at Corkscrew. RCS also has a pending contract for its acquisition for First Street Village – Fort Myers, an eight acre entitled mixed use site.
High Point Place is a five-tower, 32-story, 273-unit condo ideally located near the Fort Myers’ historical Edison/Ford estates, and newly constructed First Street Village Publix supermarket, and sits along the southerly bank of the Caloosahatchee River, on the west side of the city’s revitalized downtown and has direct roadway access to West First Street.
“High Point is a tremendous investment opportunity for us, but the true asset in this deal is Joe and his organization, one of a few surviving developers in Florida who managed to keep his project, fully fund the HOA reserves, receive Fannie Mae approval and continue to sell units during one of the worst recessions in history,” said Marcel Arsenault, CEO of the 25-year old Real Capital Solutions and its predecessor. “He has agreed to remain as the original developer to oversee the asset and sell the remaining inventory and we will capitalize on his market expertise, knowledge of the project, tenacious personality and loyalty to his homeowners to successfully sellout the remaining inventory.” Also acquired was The Preserve at Corkscrew - 511 acres of entitled land in Estero’s Corkscrew Road. RCS made the investment and Cameratta Companies will develop the land and sell lots.
“This deal, accomplished via a note purchase from a well-known bank syndicate, marks RCS’ first land acquisition in Southwest Florida and the first with our company,” said Joe Cameratta, scion of his family’s 29-year old real estate development business. “It is a good day for our organization and for the greater Fort Myers/Estero area when a proven investor of the stature of Marcel Arsenault bets on the future of your community.”
Real Capital Solutions has caught the attention of many in the industry after calling the market crash in 2006 and going to cash. The company sold nearly $300 million of the firm's apartment, retail and office investments throughout the United States —about 80% of the company’s 140 properties. As of year-end 2009, with cash in hand when cash is king, the company has acquired $155 million of residential projects in Arizona, Florida and Colorado. RCS is now targeting an additional $500 million to recover value lost in non-performing assets and in distressed markets across the country through its three focused initiatives: Condo Capital Solutions, Homebuilder Capital Solutions, and Apartment Capital Solutions.
“People are watching what we do because they know that although most banks have more money than us, they don't have the experience, expertise, or wherewithal to act and close quickly. They don't know how to fix the pipes, keep the swimming pool from growing algae or deal with Homeowners Associations,” said Arsenault. “But that’s exactly what we do, and that makes the capital we can provide in this economic downturn attractive to developers, builders, and banks.”
March 15, 2010 - Downtown Fort Myers, Florida - High-wire artist Nik Wallenda defied gravity on Friday, March 15, 2010 as he walked across the 32-story two towers of High Point Place. The wire, suspended nearly 400 feet above the ground was successfully navigated more than one time by Wallenda—which marks his highest sky walk—along with an added surprise, the participation in the sky walk by Nik’s mother.
“We’re proud of not only having the highest luxury condominiums in southwest Florida in High Point Place, but now being home to this record-breaking skywalk,” says Joe Cameratta, owner of Cameratta.
To better serve the market shift towards needing comprehensive real estate and asset management services, veteran major project developer Joe Cameratta has launched a new enterprise, Cameratta Companies. Providing asset due diligence, management, general contracting and project management services, among others, Cameratta Companies presents the refined repertoire of development services that few developers can provide. Building on more than 60 years in the real estate development field, the combined corporate and field experience of Cameratta’s team provides comprehensive real estate consulting and advisement.
“At this stage in our real estate development journey, the services of Cameratta Companies reflect the insights and experiences of more than sixty years in successfully completing major residential and commercial projects,” says founder Joe Cameratta. “Across the board, our team has experience in just about every facet of major development processes.”
To learn more about Cameratta Companies, visit www.camerattacompanies.com and view Cameratta’s projects, services and take tours of photo galleries.
The Manhattan Model of Cameratta Companies’ High Point Place high-rise luxury helped make the development company a winner in the 2010 Luxury Parade of Homes. Cameratta won for superior home, best exterior, best landscape, best livability, best kitchen and best bath, among other. This honor comes by way of the Lee Building Industry Association and the Parade of Homes Association.