Treasury
3-MO 3.94% +3bp 6-MO 4.00% +2bp 1-YR 4.15% +2bp 2-YR 4.39% +2bp 3-YR 4.44% -1bp 5-YR 4.57% +3bp 7-YR 4.68% +3bp 10-YR 4.80% +2bp 20-YR 5.26% +1bp 30-YR 5.25% +1bp 3-MO 3.94% +3bp 6-MO 4.00% +2bp 1-YR 4.15% +2bp 2-YR 4.39% +2bp 3-YR 4.44% -1bp 5-YR 4.57% +3bp 7-YR 4.68% +3bp 10-YR 4.80% +2bp 20-YR 5.26% +1bp 30-YR 5.25% +1bp 3-MO 3.94% +3bp 6-MO 4.00% +2bp 1-YR 4.15% +2bp 2-YR 4.39% +2bp 3-YR 4.44% -1bp 5-YR 4.57% +3bp 7-YR 4.68% +3bp 10-YR 4.80% +2bp 20-YR 5.26% +1bp 30-YR 5.25% +1bp 3-MO 3.94% +3bp 6-MO 4.00% +2bp 1-YR 4.15% +2bp 2-YR 4.39% +2bp 3-YR 4.44% -1bp 5-YR 4.57% +3bp 7-YR 4.68% +3bp 10-YR 4.80% +2bp 20-YR 5.26% +1bp 30-YR 5.25% +1bp 3-MO 3.94% +3bp 6-MO 4.00% +2bp 1-YR 4.15% +2bp 2-YR 4.39% +2bp 3-YR 4.44% -1bp 5-YR 4.57% +3bp 7-YR 4.68% +3bp 10-YR 4.80% +2bp 20-YR 5.26% +1bp 30-YR 5.25% +1bp 3-MO 3.94% +3bp 6-MO 4.00% +2bp 1-YR 4.15% +2bp 2-YR 4.39% +2bp 3-YR 4.44% -1bp 5-YR 4.57% +3bp 7-YR 4.68% +3bp 10-YR 4.80% +2bp 20-YR 5.26% +1bp 30-YR 5.25% +1bp
US Treasury par yield curve · Sep 8 · Source: U.S. Treasury
Wednesday, September 9, 2026
U.S. Edition
Lee County

Sanibel's 14-unit Gulf Beach Condominium rebuild breaks ground at $6.5 million

In short

Benchmark General Contractors says it broke ground September 4 on a $6.5 million, 14-unit Gulf Beach Condominium at 527 E. Gulf Drive on Sanibel. The 28,542-square-foot project will replace the building destroyed by Hurricane Ian, with two residential floors above parking and completion expected in December 2027.

Two construction crane towers against a clear blue sky, not a photograph of this project. Stock photo
Stock photo. Not the actual scene. Photo: Jan van der Wolf / Pexels

Benchmark General Contractors says it broke ground September 4 on a $6.5 million, 14-unit Gulf Beach Condominium at 527 E. Gulf Drive on Sanibel.

The contractor's September 8 project release says the new building will replace the original condominium, which was destroyed after damage from Hurricane Ian.

What the Sanibel condominium rebuild includes

The project covers 28,542 square feet. Its 14 homes will occupy two floors above first-floor parking on a single building footprint.

Plans also include a pool and a dune crossover ramp that will give residents direct beach access. The contractor expects construction to be completed in December 2027.

The Gulf Beach Condominium Association awarded the project in April. The September groundbreaking turns that earlier plan into active construction.

Sanibel's reconstruction remains a property-by-property process nearly four years after Ian. A separate city-backed effort is replanting the island's Causeway Boulevard corridor as the Lee County recovery continues.

The Gulf Beach Condominium rebuild, answered

When is the Gulf Beach Condominium rebuild expected to finish?
Benchmark General Contractors says construction is expected to be completed in December 2027.
How large is the rebuilt Gulf Beach Condominium?
The contractor describes a 28,542-square-foot building with 14 residential units on two floors above first-floor parking. Plans also include a pool and a dune crossover ramp to the beach.