March 26, 2024

Game-Changing Developments Coming to Cape Coral

Long-awaited developments including the much anticipated Seven Islands project are finally making headway in Cape Coral.

The 13th annual real estate show, Catch The Vision, showed a glimpse of the city's future developments, new housing, restaurants, and commercial projects.

Gloria Tate, event organizer and owner of Raso Realty, and Bill Johnson Jr., executive director at The Horizon Foundation, hosted the event Monday night.

Last year's program showcased the likes of Nor-Tech Hi-Performance Boats, Mellow Mushroom, and unveiled Red Fish Point.

Johnson said the event reflects the changing nature of Cape Coral itself as commercial projects become the main highlights.

"We're focusing more on bringing more commercial projects," Johnson said. "The ability for our residents to have all the amenities here in Cape Coral and not having to go across the bridge."

Cape Coral has a population of more than 200,000 and is estimated to get more than 100,000 new residents by 2050, for a total population of 318,503.

He's especially excited about the Seven Islands project, which he said will transform the city into a "whole destination."

"We will have a little something to do in each quadrant of the city," Johnson said. "Having amenities to where you can go downtown Cape Coral, but you don't have to anymore."

Cape Coral Grove is a "town center" project bringing more than 1,234 multi-family apartment units, two public parks, a hotel, and parking spaces.

The 131-acre parcel is next to Bubba's Roadhouse on Pine Island Road and will be 767,000 square feet.

Jim Zboril, president of L&L Development Group, said he expects to start construction in the next 90 days.

"We are very close with the city getting our permits for infrastructure," Zboril said.

He said the project will offer retail, restaurants, and offices, with a fitness and bowling center planned.

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