The Hyatt Regency Coconut Point Resort & Spa in Bonita Springs is next to the land that London Bay Homes bought. (Credit Booking.com)
Residential property developer London Bay Homes bought 30.5 acres of waterfront land in Bonita Springs for $12.75 million.
London Bay may develop a luxury senior housing development on the site that would be similar to its 83-acre Moorings Park at Grande Lake development in Naples.
Naples-based London Bay paid about $41,800 per acre for the land in Bonita Springs, which is adjacent to the 454-room Hyatt Regency Coconut Point Resort & Spa.
An affiliate of London Bay bought the 30.5-acre site at 23149 Weeks Fish Camp Road in Bonita Springs from a trio of limited liability companies: Donovan LLC, Estero Bay Marine LLC and Sugar Mountain Development LLC.
Randy Thibaut, president of Land Solutions Inc., a Fort Myers-based commercial property brokerage, arranged the transaction together with agent Doug Meschko and director of sales Justin Thibaut. [Business Observer] – Mike Seemuth