Apartment developer buys, plans to demolish Gateway office building

Author: David Dorsey, Gulfshore Business
Published: Updated:

A Gateway office building just north of Daniels Parkway sold for $8.9 million, and the buyer plans to demolish it and build an apartment complex.

The Garrett Companies, headquartered in Indianapolis, purchased the 7.5-acre property Dec. 23. Demolition should begin within a few weeks, said Chris Hentschel, director of capital markets and asset management for The Garrett Companies, which also developed Drift at the Forum in Fort Myers and is building Mercantile, an apartment complex also at The Forum in Fort Myers.

GLP Gateway LLC, which paid $12.4 million for the building, had owned the office building since 2015, property records show.

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