Unique Waterfront Development in NW Cape Coral
Cape Coral is a terrific family and vacation oriented destination which includes over 400 miles of navigable waterways, more miles of canals than any other city in the world. Forbes listed the Cape Coral metropolitan area as the ninth fastest-growing in the U.S. in 2018 and one of the “Best Places for Business and Careers.”
The approved design, Concept D, includes 995 residential units— both multifamily/condo and single-family homes—a 240-room hotel or resort with a 25,000- square-foot meeting space, 45,000 square feet of commercial development and proposed amenities including; Community Center, Park, Public Marina + Boat Launch, and Boat Slips / Marina. Wow!
UPDATE: August 2020
The infrastructure is coming along. It appears some of the drainage swales have been completed, along with several fire hydrants. New construction is booming in every direction you look. The vacant lots are filling in quickly with many brand new spec homes for sale.
UPDATE: October 2018
In 2018 the city of Cape Coral council delegated the task of finding a developer to CRBE. Michael McShea said his company will begin creating marketing materials and put out a request for development proposals early next year. It will give developers 60 to 120 days to submit their responses. Proposals will be evaluated and a developer could be selected as early as next summer, with a development contract awarded by next fall. CBRE is a Fortune 500 and S&P 500 company headquartered in Los Angeles, Calif. It is the world’s largest commercial real estate services and investment firm.
UPDATE: November 2016
Approved Development Plan: After significant citizen and stakeholder input, the approved design includes 995 residential units—both multifamily/condo and single-family homes—a 240-room hotel or resort with a 25,000-square-foot meeting space, public amenities and commercial development.
7 Islands Development – “Village Center” for the Northwest Cape
» Mix of private uses: hotel, retail, multi-family, residential, office and entertainment » Marina and boat slips » Civic space including a neighborhood and community center » Nature – based recreation
Community stakeholder input revealed:
» Strong desire for traditional Floridian coastal architecture » Greenway connections and walkable streets » Small businesses and waterfront restaurants, sidewalks and board walks » High-end multi-family residential and waterfront activation
Development and Design Concepts should be guided by:
» Existing zoning » Uses and scale of development located at the edges of the site, particularly the existing neighborhood communities » Number of structured and street parking spaces should conform to current zoning requirements and support the site’s proposed mix of uses » Connectivity to the rest of the community, not exclusivity » Neighborhood connections to linear parks and along the South Spreader Canal » Human connectivity to environmental lands and Matlacha Pass
UPDATE: 2012
The City of Cape Coral purchased the 48-acre Seven Islands property as part of a $13 million land buy of foreclosed parcels.