With financing in place, construction is scheduled to start soon on a 252-unit apartment complex located adjacent to I-75 and Bonita Beach Rd. in Bonita Springs.
Madison Communities, a North Carolina multifamily developer, and Heitman, a Chicago real estate investment firm, secured $44 million for the project.
The community will be known as Madison Bonita Springs.
Madison, whose in-house construction company BenCo. is building the apartments, was founded in 2009. According to its website, it has built more than 2,000 units in six states and has more than 4,000 units currently under construction. Of its properties, three are in Florida — one each in Pensacola and Kissimmee that are leasing and one under development in Apopka.

As for Heitman, it was founded in 1966 and has 10 offices worldwide. The firm says that as of Sept. 30 it has $51 billion in assets under management.

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