Fort Myers, Florida

Reserve at Franklin Park

A 96-home affordable community planned for the Dunbar neighborhood, with family-sized apartments, resident amenities, and a program oriented around household stability.

Affordable housing units

AMI bands

30%, 60%

Apartment mix

2BR: 48
3BR: 36
4BR: 12

Average sizes: 875 SF, 1,050 SF, and 1,250 SF

Location

Franklin Park Dr, Fort Myers, FL 33916

Dunbar neighborhood

Specification

NGBS

Status

Predevelopment

Financial closing targeted for Q2 2026

Project Milestones

From blighted use to housing redevelopment.

September 2024

CRA agreement advanced junkyard closure

The Fort Myers CRA announced a $1.55 million contribution in aid tied to the planned purchase and closure of the junkyard business at 3312 Edison Avenue and 2419 Henderson Avenue, contingent on sale to Megen Construction Company, Inc.

Fort Myers CRA

December 2024

Junkyard operations ceased in Dr. MLK redevelopment area

The CRA later announced that junkyard operations had ceased at the Edison/Henderson site, the sale had closed, and the business tax receipts for the junkyard operations had been surrendered.

Fort Myers CRA

Project Narrative

Family-sized affordable housing in the Dunbar neighborhood.

Reserve at Franklin Park is planned as a 96-home affordable housing community in the Dunbar neighborhood of Fort Myers. Public CRA releases identify the Edison/Henderson property as a former junkyard use targeted for closure and housing redevelopment near Franklin Park Elementary. Company materials describe a family-oriented development with two-, three-, and four-bedroom homes, a detached clubhouse, resident amenities, and income-restricted units at 30% and 60% AMI.

Project Views