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In June 2007, a consortium comprising the Myer family, Colonial First State and GIC Real Estate (Singapore) announced it would be purchasing Myer's Melbourne CBD store. The Bourke Street part of the store was planned to be redeveloped by 2009, with Myer taking a 60-year lease, [ 26 ] but the development was not completed until March 2011. [ 27 ]
In the 1920s, Florida was in the midst of high real estate activity, where the state saw inflated real estate values and many coming into the state eager for profits. The market for real estate reached a peak in 1925, with the 1926 Miami hurricane and Wall Street crash of 1929 forcing little development in the state and a land bust. [6]
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Some of the main tourist attractions in Southwest Florida are its beaches. Lee County is home to ten beach parks and an additional seven beach accesses, maintained by Lee County Parks & Recreation. [47] Popular beaches include Fort Myers Beach, [48] Sanibel and Captiva Island, [49] Bonita Beach, Bunchee Beach, [50] and Lovers Key. [51]
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