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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. ....
Two areas off Cape Coral Parkway in south Cape Coral could be changing in dramatic fashion over the next two years with two apartment complex projects totaling at least $114 million in construction costs in the planning stages. The City of Cape Coral has promised a combined $17 million in tax rebate incentives for the two projects, which were dubbed “Project Dolphin” and “Project Hoosier” but will be getting new, official names moving forward. “This is going to change the face of Cape Coral Parkway,” said Ricardo Noguera, manager of the city’s Economic Development Office. “I expect more developers will come in. This will be a catalyst for attracting more developers to the south Cape. Because of its location, it’s key to the revitalization of the south Cape. It’s going to provide more parking to benefit businesses in the area.” ....
Proposed $50M project would bring apartments, businesses to Bimini Basin in Cape Coral Published: April 6, 2021 10:11 PM EDT Updated: April 6, 2021 11:16 PM EDT Recommended A project that has been years in the making is moving closer to a reality. A proposed Bimini Basin project would bring apartments, stores, a parking garage and a waterfront restaurant to Cape Coral. It still needs financing and development approval by the city. The community redevelopment agency signed off on the letter of intent Tuesday. The lot under potential development has sat empty for years, and while some people are excited to see it turn into something, others are skeptical. ....