FORT MYERS, Fla., Nov. 11, 2021 (GLOBE NEWSWIRE) — Atlanta-based Real Estate Development and Investment VCP-Tellus, LLC, announces its first major multi-family residential development planned for Fort Myers, Florida, construction to begin March 2022.

VCP-Tellus, LLC is under contract with closing before year’s end on approximately 55 acres of land zoned for 1,350 rental apartment units in Fort Myers, Fla., in the Colonial Gateway Commerce Park, at the intersection of Colonial Blvd. & S.R. 82. The company is a joint venture between Varden Capital Properties & Tellus Partners of Atlanta, GA.