Ryan Companies Acquires Prime Development Site on Alico Road – Major Mixed‑Use Plans Ahead

March 27, 2026 – Fort Myers, Florida: In a significant real estate move in Southwest Florida’s fast‑growing Alico Road corridor, Ryan Companies US, Inc. has purchased a large development site at the intersection of U.S. 41 and Alico Road. The Minneapolis‑based developer acquired the 61.3‑acre property for approximately $20.45 million, marking one of the most notable land deals in the region this year.

The tract, which is already entitled for development, sits north and south of Alico Road and is strategically positioned between Fort Myers and Estero. According to local industry reports, the property zoning supports a mixed‑use project that could include:

• Apartment units (potentially hundreds of residential homes)
• Retail space for commercial tenants
• A hotel development with as many as 150 rooms
  This diversified plan reflects ongoing demand for housing, services, and hospitality in the bustling Alico Road corridor.

Why This Matters

The Alico Road area has become a major development focus in Lee County because of its accessibility and growth potential. The corridor connects key regional assets, like Interstate 75, Florida Gulf Coast University, and the Southwest Florida International Airport, making it attractive for residential, commercial, and industrial investment.

Unlike past projects that focused largely on industrial and logistics facilities, Ryan Companies’ plan signals an evolution toward “live‑work‑play” development, aiming to bring more housing and lifestyle choices to an area long known for business growth.

This acquisition is expected to generate significant economic activity, bolstering local employment opportunities, expanding housing choices, and enhancing amenities along one of Southwest Florida’s fastest‑transforming corridors.