TPI Purchases Silver Sands Property For $7.1 Million

10
139

The popular resort on Estero Boulevard was destroyed on September 28th when Hurricane Ian came through town. The Margaritaville developer has purchased the property and will use it as part of the new resort now under construction.

In 1983 the Silver Sands Resort was established as a condominium residential resort with a mix of patio residential dwellings and hotel units. Some of the structures date back to 1960. At some point in time one of the dwelling units was converted to a restaurant at the corner of Primo and Estero.

In modern times, Andrea Groves was the owner and operator of the resort with her late husband Tom. Over the years a very loyal following of resort guests were developed. The restaurant was operated by Adam Clark and Jason Unger as the well-known Dog House.

Andrea has been a longtime active contributor to the downtown area of Fort Myers Beach. Following Tom’s passing, on and off Andrea and TPI would banter back and forth about the possibility of TPI purchasing the resort, however, it was just never the right time. Unfortunately, Hurricane Ian completely destroyed the resort and it was not able to be rebuilt as it was previously, due to new FEMA codes.

TPI has purchased the property and intends to use the grandfathered density rights (Post-Disaster Build Back Policy) to rebuild it again as a resort. It would be an extension of the Margaritaville Resort comprised of balcony suites with parking underneath and some retail along Estero Blvd. The project is currently in the design stage with application mid-year to the Town followed by construction next year.

The location is directly across Estero Blvd. from the future Fins Up Beach Club. The back portion of the property has backwater canal access. The entire property is within the Downtown Pedestrian Commercial zoning district.

The new Margaritaville resort will open in early 2025

 

Comments are closed.