Fort Myers Beach-Aerial PhotoA Minnesota based developer, in the process of assembling a large parcel for a new resort, has purchased two more Fort Myers Beach properties.

Willmar, Minn.-based Torgerson Properties  recently purchased the Pierside Hotel from Shree Somnath for $10.9 million and the Salty Crab restaurant from Estero Beach Holdings LLC for $2 million.

Torgenson Properties has spent close to $26 million dollars over the past year purchasing adjoining parcels on both sides of Estero Blvd. including  the Mermaid Lounge and Helmerich Plaza.

Details about the development are expected to become public during a joint meeting of the Fort Myers Beach Town Council and the Lee County Commission which is tentatively scheduled for November.