Skyline/Trafalgar Land Project
28-acre parcel geographically located in the middle of Cape Coral, FL (2nd largest city, in land mass, in the state of Florida).
Russ originally developed a site plan for offices and commercial out parcels.
At one point Russ was thinking of building a 100,000 square foot office building for his public company, Whitney Education Group.
Purchase price for the parcel was $5,160,000
Within 5 months, Russ decided to sell the land to the Lee County School district to build a new school, even though he and his company could of made a higher profit by adding utilities to the parcel.
They sold the parcel for $8,500,000 giving Whitney a profit of $3,340,000 or $22,266 a day.
