Florentine's buy in Lakeland

Florentine acquires its 7th Self Storage Facility in Lakeland, FL.

This asset is located in Lakeland, Florida, Polk County, between Orlando and Tampa off Interstate 4. The population of Lakeland is slightly over 100,000 and is continuing to grow at a fast pace. Lakeland Self Storage has an ideal central location close to the Publix Warehouses and sits just a ¼ from over 550 mobile home residents

Labelle welcomes Florentine Holdings

Florentine acquires its 6th Self Storage Facility on its quest to enter its newest region of SW Florida.

This property is located directly on Highway 80, just 20 minutes from I-75 and Fort Myers Shores and across from RiverBend Motorcoach Resort, one of Florida’s premiere RV Resorts, featuring 315 private RV sites with gated access

Third special needs house is established in Virginia

Rivers Health’s completes its third, 1st Class Special Needs Home, complete with wide doorways, ADA baths & handicapped ramps. To insure the individuals are comfortable in their new home, we will personalize or tailor the home to suit and meet specific needs of our Individuals, along with providing top quality service to our clients and they’re families. All living areas within our homes are tastefully furnished, with full/queen style beds that offer a level of comfort worthy of a luxury hotel.

Fort Myers General Store opens

Located in beautiful, sunny Southwest Florida, in the heart of downtown Fort Myers, we are pleased to offer you an opportunity to be a part of downtown’s first Deli/Convenience store, The Fort Myers General Store. For those who are familiar with the area, this is something the city truly lacks. The store will is located at 2400 First St and faces the brand new, $25 million dollar, Fort Myers Library. We are just steps away from the Library, adjacent to the courtyard, featuring plenty of outdoor seating. The Library is home to many Fort Myers outdoor events, bringing over 500,000 visitors per year.

San Marino get full entitlements

City of Fort Myers approves, what will be, the first downtown out of the ground construction project, since the recession. Florentine is really looking forward to developing this 21 unit mixed use property in 2015.

Coastal Walk’s first building is completed

First of 5 buildings now completed in this NJ Shore townhouse project, located less than 1 mile to the beach, river, public transportation, downtown shops and nightlife. Priced in the mid $200’s, top quality construction featuring 2 & 3 BR models with garage.

Florentine takes over Ocala’s AC Atina Storage Facility

A/C Atina is a newer, State of the Art, storage facility, located at 70 Northwest 110th avenue at Northwest State Road 40 Ocala Florida. The Property is approximately 7 miles West of I-75 exit with high visibility with exposure to high traffic on Northwest State Road 40. According to FDOT the proposed new 4 lane construction scheduled to be completed during the year 2014.

Facility was built in 1999 and has 300+ rental units available. This self-storage facility has 38,525 net rentable square foot. Front part of property approximately 2 acres has been approved by the county for future expansion. Property has gated access, climate control, drive up units, roll up doors, perimeter fencing and managers office and on site living quarters, in addition to offering U Haul rentals & propane sales.

ASSS II takes over neighboring property for expansion

The company acquires the adjacent property, (Kings Ransom), described as (18), 1,000sf light industrial rental units on 4.82 acres. The acquisition will enable us to move several of our multi self-storage unit tenants to the adjacent property, thus providing availability of units at the self-storage facility, while generating additional, immediate income from Kings Ransom, together with meeting the demand for outdoor storage.

The assets are directly adjacent & centrally located on New York Ave, approximately 25 miles north of Tampa, less than 2 miles from the Gulf of Mexico, and .5 miles east of highly traveled Route 19.

Prime de Leon-Southwest Florida’s Premier Steakhouse takes over the Morgan House

The Morgan House is located in Historic Downtown Fort Myers. This landmark restaurant is the main attraction of the infamous downtown De Leon Patio. The building is a two story bar/restaurant with patio dining and entertaining areas on both levels, with an outstanding location in the strong downtown restaurant/entertainment district.

The building is approximately 5,000 sq. ft. of improved covered space (under AC), and an additional 2,500 sq. ft. of outdoor bar and patio space on both the 1st and 2nd floors, totaling 7,500 sq. ft., with 300+ seats, a large kitchen and 3 separate bars. Prime De Leon is scheduled to open on July 1, as Southwest Florida’s premier steakhouse.

Rivershealth’s Second project complete

Rivers Health’s completes its second, 1st Class Special Needs Home, complete with wide doorways, ADA baths & handicapped ramps. To insure the individuals are comfortable in their new home, we will personalize or tailor the home to suit and meet specific needs of our Individuals, along with providing top quality service to our clients and they’re families. All living areas within our homes are tastefully furnished, with full/queen style beds that offer a level of comfort worthy of a luxury hotel.

Florentine gets 45 unit Neptune project approved

SS Adams lofts is a 45 unit transit village project located in Monmouth County, only 7 blocks to the beach and across for NJ Transit’s Bradley Beach Station with service to northern New Jersey and New York City. The project is the centerpiece of a new Transit Village, and will be the first project to convert from the former industrial uses to residential use.

The approvals call for renovation of the iconic, 3 story structure with clock tower, and demolition of the single and two story additions, to be replaced with a new 4 story structure added to the iconic structure.

The existing structure, built in 1900 has a strong local history, first serving as the Steiner Pajama Company and subsequently SS Adams. SS Adams was the inventor and patent holder of over 100 spoof items, IE: disappearing ink, whoopy cushion, shocking pen, gum that snaps on your finger, snake the jumps out of peanut brittle can, two headed nickel, etc. The building served as the manufacturing and distribution of center for these items from the early 1930’s through the early 2000’s.

There is a strong demand in New Jersey for transit based housing. The generation Y group, late 20’s and early 30’s prefer more of an urban living style with easy access to public transportation, shops, restaurants and activities. This group will be the target market for the SS Adams Loft’s as they feature 12’ ceilings, and split bedrooms, allowing for comfortable roommate situations.

Crestwick Development Site

This project was designed, approved and improved for 55 single family homes, 11 homes were built and sold, Florentine acquired the remaining 44, one plus acre, single family home lots from a local bank. Site improvements including paved roads, water & electric have been installed to the 44 lots. In addition, a clubhouse, pool, pond and children’s playground have been built out.. Inclusive to the existing lots, there is also 28.27 undeveloped acres available that are preliminarily approved for 21 lots. Our plan is to purchase the lots and acreage; secure final approvals for the new 21 lots and either sell the lots off individually, as an entire project, or begin to develop the lots with one single family model and pre sell units from the model.

First acquisition in Georgia, Ameristor

Ameristor is a newer, State of the Art, storage facility, located just a short distance from historic downtown Griffin, GA, roughly 10 miles west of Interstate-75. The town of Griffin has a population of about 25,000 people and has sustained consistent growth over the years. The property is situated on 6 acres and boasts over 30,000 sq. ft. of rentable space. The 207 unit facility is currently operating at an effective occupancy of only 42%, with excellent growth potential through our Professional Storage Facility Management Team. To date Florentine Holding Company has repositioned two self-storage facilities and is in the process of repositioning its third facility

Liner Building Acquisition

Outstanding location on First Street in downtown Ft Myers, the Liner Buildings are part of the Riviera & St Tropez riverfront condominium complex, completed in 2008. The asset is comprised of two “grey shell” buildings, each three stories, totaling 25,000 sf. The exteriors are 100% complete, interiors require complete finish. In total there are 20 units, 16 residential, 4 retail.

The company plans to rent all units for a period of approximately 2 years after completion and then market the units as individual condominiums upon market improvement.

Cedar Key RV Resort and Cypress Station

Outstanding opportunity located on the State road 24, the major corridor to one of Florida’s oldest and most historic cities, Cedar Key. Property is a sprawling 36+/- acres of both developed and raw land with prime location for boat and car gas station/convenience store on-site. Similar popularity to Catskill Mountain and Poconos RV and camp sites, with a touch of Florida’s fishing boating and fine dining.

The asset was acquired from a local bank and has tremendous upside. The existing property consists of 20 acres of well-maintained, high end, RV lots. The purchase gives us ownership of 69 of the 84 existing lots. Along with the already developed land, there are an additional 2 acres in the rear of the property which could be great for RV or boat storage to produces additional income. Property also features roughly 12 acres of undeveloped land, which would be ideal for expansion in the future. In front of the property there is an old gas station/ convenient store that burnt down several years ago. This could also be developed and would be an ideal location for a gas station (boat and car) and convenient store since there is nothing similar in the immediate area and was successful when it was running.

Florentine purchase future San Marino site

Brand new development project! Proposed entitled 21 unit mixed use property (20 residential & 1 commercial). Project has already approved site plan, floor plans, and elevations.Great water views!! Building is located on one of the major corridors to downtown Ft. Myers and sits in the middle of roughly 1500 high end condo/rentals units; including one of Ft Myers newest condo buildings the Oasis Towers. Traffic count is over 25,000. High visibility and plenty of parking. Easy walk downtown and less than a block from the free downtown Trolley.

City of Palms Realty is formed

Located at 2400 First St in downtown Fort Myers, City of Palms Realty is another sister company to Florentine Holding and is in charge of property management of existing properties, leasing, and identifying new projects.

45,000 Sq ft Commercial/Retail Building located in downtown Fort Myers

Located in the heart of the Downtown Fort Myers River District, Royal Palm Commons is over 44,500 square feet of retail and office space. The asset is located adjacent to the new $25,000,000, Lee County Library project currently under construction and will serve as headquarters for Florentine Holding, City of Palms Realty, Affordable Secure Insurance in addition to multiple retail & office tenants.

RiversHealth is formed and first property is acquired

Rivers Health’s completes its first, state of the art, Special Needs Home, complete with wide doorways, ADA baths & handicapped ramps. To insure the individuals are comfortable in their new home, we will personalize or tailor the home to suit and meet specific needs of our Individuals, along with providing top quality service to our clients and they’re families. All living areas within our homes are tastefully furnished, with full/queen style beds that offer a level of comfort worthy of a luxury hotel.

Single condo purchased in the Oasis Condominiums

3 Bedroom/2.5 bath condo is located on the Caloosahatchee River in one of Fort Myers most recognizable luxury high rise buildings. This unit used to be model show unit for potential purchasers.

31 unit riverfront ALF purchased with over 1 acre of undeveloped land

The East Riverside project is a 2.7 acre parcel located directly on the Caloosahatchee River, less than one mile east of downtown Fort Myers. The asset is comprised of a vacated Assisted Living Facility located on 1.5 acres, together with an older single family home (to be razed) on 1.2 acres.

Coastal Walk secures approvals for a 36 unit townhouse development project

Coastal Walk is a shovel ready , fully approved 36 unit Townhouse project only 1 mile from beautiful Avon by the Sea beaches, a half mile to Shark River, marina' s, restaurants and NYC trains.

Coastal Walk, designed by renowned architect and landscape designers Barton Partners and Melillo & Bauer, offers a variety of two & three bedroom residences ranging from 1,360 to 1,900 square feet. Ample onsite parking is provided along with a Gazebo and beautifully landscaped common areas. The project has received final approvals from all governmental agencies.

Florentine Holding purchases Tomkins Tile Property

The asset is located in a predominantly industrial section of Ft Myers, only a few blocks from the Downtown River District. The property, formally Tompkins Tile, was vacated several years ago upon the passing of the owner, Mr. Tomkins. The lender subsequently foreclosed on the asset and Florentine Holding Company, LLC acquired the assets for $350,000 on June 15, 2012.

Affordable Secure Insurance formed

Florentine Holding’s first sister company is formed. This company handles all of Florentine Holdings insurance policies and it has a large focus on outside business through its strong team and a large book of business previously established through its partners and agents.

Citrus Springs Storage facility

This asset is located in Downtown Fort Myers, FL directly across from the Caloosahatchee River. The Fort Myers Downtown Riverfront District recently underwent a $50mm Streetscape Improvement project and is the Lee County Seat, with many county, city and state offices located in the immediate proximity.

The recent acquisition of this landmark building and has generated considerable excitement within the city. We have had visits from the Mayor, Community Development Teams, the City Planner, etc. All have expressed appreciation and offers to help facilitate a successful operation.

Currently under construction, directly across the street is the City’s Riverfront Project that will bring a catch basin in from the river, with a new “river walk,” right to the front door of this building. The completion of the city project will make this property one of the most valued properties in the city. The asset is four stories and will host “The Firestone” restaurant & bar, schedule to open in late 2012 upon completion of renovations.

Florentine Holding brings back one of Fort Myers landmark buildings

This asset is located in Downtown Fort Myers, FL directly across from the Caloosahatchee River. The Fort Myers Downtown Riverfront District recently underwent a $50mm Streetscape Improvement project and is the Lee County Seat, with many county, city and state offices located in the immediate proximity.

The recent acquisition of this landmark building and has generated considerable excitement within the city. We have had visits from the Mayor, Community Development Teams, the City Planner, etc. All have expressed appreciation and offers to help facilitate a successful operation.

Currently under construction, directly across the street is the City’s Riverfront Project that will bring a catch basin from the river, with a new “river walk,” right to the front door of this building. The completion of the city project will make this property one of the most valued properties in the city.

Acquired First Street Fort Myers, Multifamily with river views project

The asset is located in downtown Fort Myers, directly across the street from the Caloosahatchee River with river views from most apartments. This is an outstanding location due to its river views and proximity to Downtown Ft. Myers, where a $50mm Streetscape project was recently completed. The asset is a 16 unit multifamily property that was built in 1946 and is in good condition.

Affordable Secure Self-Storage II- Hudson, Florida

The asset is located in Hudson, FL, Pasco County, approximately 25 miles north of Tampa, less than 2 miles from the Gulf of Mexico, and .5 miles east of Route 19. The property is in generally good condition with very little deferred maintenance. The property is predominately built out with over 40,000 square feet of rentable area on 3.17 acres, with a good unit mix.

Stadium Gardens closes-Fort Myers

Stadium Gardens is in a central Fort Myers location, immediately across the street from the City of Palms Park, (Red Sox Farm Team). Walking distance to Downtown, shopping and public transportation. The asset was acquired in late December 2011, and commenced renovations in January 2012 with completion in April 2012. The asset is currently 100% occupied with strong demand for affordable rentals in the immediate area due to it’s proximity to downtown, public transportation and local government offices.

Spring Lake subdivision secured and sold

Very desirable location in Spring Lake, NJ was acquired by Florentine as a subdivision. Located 2 blocks from the beautiful Jersey Shore, Florentine was able to get the approval to subdivide the large lot into 2 smaller lots and sold them for a large profit.

Florentine Holding Company purchases first Self-Storage facility

The asset is centrally located on S Tamiami Trail in Fort Myers, less than 50’ from highly traveled route 41. The asset is concrete block with wood frame trusses in four buildings, and is in very good condition. The company acquired the asset from a distressed private party in July 2011. At acquisition, the asset was less than 50% occupied. Through professional management, aggressive advertising and add-on services, the company has successfully repositioned the asset to 90% occupancy in May 2013, with a current Net Operating Income (based on 5 months trailing) of $128,000, valuing the asset at over $1,600,000.

Spring Lake Height New Jersey subdivision secured and sold

Florentine acquired a large single family home property and was able to get approvals to subdivide lot into 3 parcels. Parcels included the single family home, a residential lot and a commercial lot. Property is located on Wreck Pond in Spring Lake Heights, and 7 blocks from the beach.

Pebble Court acquisition

Pebble Court Apartments is a 20 unit, multifamily project centrally located within minutes of The Edison Mall, Lee County Hospital, Downtown Ft. Myers, and routes 41 and I-75. The complex was owned by a retired couple, and is only 60% occupied, creating a true value added opportunity. The complex and units are in very good condition with very little or no deferred maintenance.

All units are 1 bedroom, 1 bath, with screened Lanais, and approximately 675-700 square feet of living space.

Purchase of a distressed/ failed condo project located on Second Street in Downtown Fort Myers

Residences at Second Street is a 16 unit, multifamily project located less than .5 miles from downtown Ft. Myers. The project is vacant and bank owned, purchased by the previous owner for $1,600,000 in 2005.

The property is in a very good location, just east of Park Ave (old 41), on the north side of Second Street, and abuts the historical Dean Park subdivision. The project is comprised of (2) identical, 8 unit buildings on over an acre (44,589 square feet).

All units are 2 bedrooms, 1 bathroom, with 758 square feet of living space