Exciting new upcoming projects and developments arriving in Cape Coral over the next year-plus.
Pro Parks/ Sun Splash Water Park
The city of Cape Coral has entered into a 30-year lease for the operation and maintenance of Sun Splash Family Waterpark. The public-private partnership will be profitable to the city, which has subsidized the facility for years, officials said. ProParks will lease the park for 30 years and pay the city with lease payments and a percentage of gross revenues. The firm will be responsible for running and maintaining the facility, except for the parking lot. ProParks has a plan for Sun Splash, including a rebranding with a new logo and website and the ability to purchase tickets online and not have to go to the park directly to get them. There also will be special events they want to build on.
Madison Square
This $90 million Senior Affordable Development is located just east of Coronado Parkway. The seven-story 82-unit development is under construction along Miramar Street. They are hopeful to have residents by summer of 2022.
Civitas
A 96-unit multi-family affordable housing project is at 413 SW Pine Island Road. The project is expected to break ground in January of 2022 with a construction value of $17-plus million. Civitas will provide affordable housing the Cape hasn’t seen in 20 years, with adjusted rates as low as 30% of median income. They hope to have tenants by 2023.
Insite World Headquarters
Insite Managed Solutions, a global consulting firm specializing in improving corporate efficiencies while enriching customer and employee experience cut the ribbon on its nearly 13,000-square-foot space on Southeast 47th Terrace this past June. Insite’s new office will be used as a base for its global consulting operations, functioning as a training facility and a workspace for around 125 local employees, including consultants, analysts, sales, administration, design team, and leadership. In addition, the firm maintains satellite delivery centers in Atlanta and Fort Lauderdale. The new facility features the look and feel of a Silicon Valley tech firm, with more than 400 feet of interior glass walls, employee comfort zones, and 12 high-tech ZOOM booths for virtual meetings.
Bacino Vista Condominiums
A 16-unit condo space on Coronado Parkway where each tenant has its own boat slip with Bimini Basin access. They hope to complete the project by April of 2022 and have plans for an additional 14 units across the street.
The Cove
This project on Cape Coral Parkway replaces the former “Village Square” mixed-use development which was in the works for more than a decade. An Indianapolis-based developer who is highly experienced in developing urban mixed-use development projects has secured the property and plans to break ground on the $70-plus million dollar development in early 2022. The project should be ready for occupancy beginning late Spring 2023. The project consists of approximately 290 apartment units, consisting of studios, one-, two- and three-bedroom units; 19,000 square feet of commercial space including a rooftop bar, and a 525-space parking structure with 125 spaces reserved for the public on the two lower levels of the garage.
Bimini Square
The $80 million project is planned to be located on the west side of Bimini Basin and is expected to consist of approximately 225 apartment units, 47,000 square feet medical office space, 2,800 square feet of ground floor commercial space along Cape Coral Parkway, a waterfront restaurant and docks, and a 500-plus space parking structure with more than 100 spaces reserved for the public.
Fawcett Emergency Medical Clinic
Crews have recently broken ground at the site of this 12,000-square-foot medical clinic located just west of Santa Barbara Boulevard along the south side of Pine Island Road. The $12 million freestanding ER, to be open 24/7 and have 11 beds, labs, and a pharmacy, is set for completion in mid-2022.
Lee Health
Lee Health is expanding its ICU and Emergency Departments and adding a 23-acre facility similar to its Coconut Point complex on Pine Island Road, as well as at the Bimini Square project. Total investment is expected to tally around $150 million.
The Waters
A senior living campus for independent residents. Slated for 150 units (studio, 1- bedroom, 2-bedroom) and breaking ground in December.
Aspire Apartments
This highly amenitized, 319-unit, four-story multi-family complex is at 3514 Chiquita Blvd. South with a construction value of $8,059,360. The project broke ground this year and hopes to begin leasing in June of 2022.
Entrada Community Shopping Center
Office and retail center featuring medical offices, restaurants and retail outlets at 3571 Del Prado Blvd. leasing to new medical, office and golf simulator business.
Ecological Labs
Ecological Labs is expanding its international headquarters in Cape Coral to better equip them for their growing operation. They are adding 12,000 square feet adjacent to their existing properties totaling $1 million in construction that should be in use by 2022. They are also working on a fertilizer that would be ordinance-friendly.
Nor-Tech
Nor-Tech is undergoing a 30,000-square-foot expansion around the corner from their current location that could bring 50 to 100 new jobs.
Farmer Joe’s Market
Construction continues on the 55,000- square-foot market scheduled to open in mid-December. It is located east of Chiquita Boulevard on the north side of Pine Island Road and will create 350 new jobs.
Island Pearl Mixed-Use Development
A planned mixed-use project is scheduled to break ground soon at the northwest corner of Pine Island Road and Burnt Store Road.
Victory Park Mixed-Use Development
A planned mixed-use project is scheduled to break ground in 2022 along Northeast 24th Avenue just north of Diplomat Parkway and immediately west of the Veterans Medical Center. It will include medical offices and a Wyndham Gardens Hotel.
Cape Coral Commons
Construction of the $25 million, 50,000-square-foot retail center located at the northwest corner of Pine Island Road and Del Prado Boulevard continues and is going vertical. It will include a Tire Kingdom, Mission BBQ and First Watch and create north of 100 new jobs.
The Club
Located on Pine Island Road, these multi-family apartments will feature 200 units. Permitting is currently underway and the project hopes to break ground in 2022.
Gator Mikes
A Mellow Mushroom Pizzeria and drive-in movie theater are in the works.