We are excited about the new developments coming to Cape Coral. It is the largest city by population in Lee County Florida, and the 8th largest city in Florida. The population in Cape Coral has been steadily increasing by 7% annually over the past 10 years (City of Cape Coral). These increases have attracted a lot of new developers and investors to the area.
New construction is still booming across Cape Coral. This has been over 1625 new construction single-family home permits issued already. A lot of undeveloped land in North Cape is where most of the new homes are being built.
Equally important, the increase in new single-family residential homes brings a great need for nonresidential properties, such as commercial, multi-family, and mixed-use. Below are some of the new developments coming here to Cape Coral.
The Cove at 47th
Next, a $103 million mixed-use development named The Cove at 47th. It will have 327 luxury apartments with 19,000 square feet of ground-floor retail or office space, and a 585-space parking garage, with 125 spaces reserved for the public. The development will also include a rooftop bar and restaurant. The project also features a resident rooftop Sky Deck and resort-style amenities. It will be the first infill residential project with a parking garage in Cape Coral.
Furthermore, the Outdoor town center that will be located in NW Cape Coral. Phase 1 includes a 300-unit multi-family development.
Go Bond Project
Additionally, Cape Coral voters approved a $60 million expansion of the city’s parks and recreation amenities. The approved 15-year general obligation (GO) bond will fund major parks and recreation improvements throughout the city. These improvements include seven new neighborhood parks, the development of three community parks and Yellow Fever Creek Environmental Park, and improvements to 17 existing parks.
Other New Developments Coming to Cape Coral
Finally, More Restaurants!
- Crumble Cookies: 1519 NE Pine Island Rd Suite 150, Cape Coral, FL 33909
2. I Heart Mac & Cheese: 2209 Santa Barbara Blvd UNIT 107, Cape Coral, FL 33991
3. Prime 239: 1715 Cape Coral Pkwy W #32, Cape Coral, FL 33914
4. Chips Sports Pub & Topgolf Swing Suite: 2200 Edwards Dr, Fort Myers, FL 33901
Lastly, of course, these developments are improving the city and we are staying up to date with all of the changes coming to the area. Call us to get more insights about everything there is to know about Cape Coral. We take pride in this town and look forward to helping you achieve your goals.