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Two developments planned for downtown Cape Coral area Published: June 9, 2021 4:02 PM EDT Updated: June 9, 2021 4:49 PM EDT Recommended Two new developments are now in the planning stages for downtown Cape Coral. An empty lot on Bimini Basin will turn into a $50 million project set to bring 185 apartments, commercial space, a parking garage and a waterfront restaurant. An empty lot between Cape Coral Parkway and SE 47th Terrace will turn into 280 apartments, retail, office space and another garage. That project is called the Cape at 47th. Both projects will break ground next year. “Empty-nesters and millennials they’re looking for, it’s all about options, they’re looking for options when it comes to housing,” said Cape Coral City Manager Rob Hernandez. ....