Cape Coral is on the cusp of a transformative era, with several highly anticipated economic development projects poised to significantly impact the local and regional economy. These developments, ranging from luxury resorts to vibrant town centers, are designed to attract new residents, tourists and businesses, ultimately redefining the city's landscape. Here's a look at some of the most eagerly awaited projects:
1. Gulf Gateway Resort at Seven Islands
The Gulf Gateway Resort is set to become a landmark destination in Cape Coral, offering a unique blend of luxury living and world-class amenities. This project includes high-end condos and three- and four-story fish houses, creating a picturesque residential community. A hotel resort with ample meeting space is also planned, catering to both leisure and business travelers. The development will feature 37,000 square feet of commercial space, with restaurants and shops that promise to become hotspots for locals and visitors alike. An amphitheater, boat slips, marina, and a waterfront dock will provide ample recreational opportunities, making this a true gem on the Cape Coral waterfront.
2. Cape Coral Grove
Cape Coral Grove is an ambitious project that aims to transform 131 acres of wooded land into a vibrant outdoor town center. While the development is expected to attract young professionals with its mix of residential living spaces situated above commercial areas, it is also designed with families and people of all ages in mind, offering a modern urban lifestyle. The project will include apartment towers for luxury living, alongside shopping, dining, and entertainment options that appeal to everyone. A green public space will serve as the heart of this new town center, providing a gathering place for the community. Families will appreciate the variety of amenities, including parks and play areas, while the inclusion of a hotel will further enhance the area’s appeal as a destination for both residents and visitors. Cape Coral Grove is poised to become a central hub where all members of the community can live, work, and play.
3. Cove at 47th
As the first project of its kind in South Cape, the Cove at 47th is set to be a catalyst for revitalizing the area. This $103 million mixed-use development will feature high-end residential units, 19,000 square feet of ground-floor commercial space, a rooftop bar and restaurant, and a rooftop sky lounge offering stunning sunset views. The development will also include a 585-space parking deck, with 125 spaces reserved for public use. The Cove at 47th is expected to attract a wave of new residents and businesses, setting a new standard for urban living in Cape Coral.
4. CRA Bimini East Property
The Community Redevelopment Agency (CRA) has acquired 19 acres of prime property in South Cape, with plans to raze older buildings and create a premier development site. This strategic acquisition is intended to complement other large-scale projects underway in the area, paving the way for new commercial and residential opportunities. The Bimini East project represents a significant investment in the future of South Cape, reinforcing the city’s commitment to thoughtful, sustainable development.
5. Bimini Square
Another major investment in South Cape, Bimini Square is a $100 million mixed-use project that will further enhance the area’s appeal. This development will feature a waterfront restaurant, retail and professional space for medical offices and services, 218 premium apartments, and a 25-slip boat dock. A 500-space parking deck, with 125 spaces reserved for public use, will ensure ample parking for residents and visitors. Covering 5.6 acres, Bimini Square is set to become a cornerstone of South Cape’s continued revitalization.
6. Slipaway Food Truck Park & Marina
Adding to the excitement in South Cape is the Slipaway Food Truck Park & Marina, which promises to bring a fresh, fun atmosphere to the area. With live music, boat access, waterside dining, 30 boat slips, pathways, boardwalks, and 10 food trucks, this development will offer a unique dining and entertainment experience. As another key project in South Cape, Slipaway is expected to draw both locals and tourists, contributing to the area’s growing reputation as a vibrant, dynamic part of Cape Coral.
These projects represent a significant investment in the future of Cape Coral, offering something to residents, businesses, and visitors. As they come to fruition, Cape Coral is poised to become a premier destination for those seeking a blend of luxury, convenience, and community. The city’s economic landscape is set to be transformed, with these developments leading the way.
T. Sharon Woodberry, Economic and Business Development Manager, City of Cape Coral
Our team will be in touch shortly and help answer any questions you have.
Click the button below to start your application process for this unit right now.