"Coral Grove at the Cape" Promises to Be Special
Here We Grow Again!
We've been following the Cape Coral Town Center project for well over a year as we've heard this could be a game-changer for not only the NW Cape but the city as well. Developers have worked through the planning process and have just now submitted permit requests for site development and commercial construction under the name "Coral Grove at the Cape".
The 131-acre site is located along the north side of SW Pine Island Rd. from the electrical power station, east to Bubbas, and then up and behind the German American Club. A public relations and branding campaign is providing a hint of what's to come. Developers want to establish an active and exciting community center in Cape Coral with housing, retail, restaurants, hotel, and entertainment. They believe SW Florida's Mediterranean Revival style of architecture is a timeless tropical style, uniquely suited for the laid-back Florida lifestyle, as well as the coastal landscape. You'll see a modern approach to the area's vintage style keeping it contemporary and comfortable. They call it - Cape Nouveau.
The developer, L&L Development Group, part of L&L Holding Co. of NY City, has a record of success in building and renovating structures from Broadway to 5th Ave. to Times Square. Its two leaders, Robert Lapidus and David Levinson were listed as #10 on the Commercial Observer's Top 100 in Commercial Real Estate for 2022. Their first South Florida venture is the mixed-use Wynwood Plaza in Miami. It appears Cape Coral will be home to their second venture.
They've hired the firm Authentic, which connects brand, design and technology to real estate development. They've successfully been attracting businesses to the project
There are several phases with infrastructure and a 300 unit Multi-Family development as Phase I. Permit valuations show this first phase comes in at about $70 million. To give you an idea of what this phase could look like, the construction contractor is Brooks and Freund, who built some of the most familiar projects in our area. This includes The Palms of Cape Coral, Midtown Apts., Aspire Apts., Savonna Apts. and Madison Square along Cape Coral Pkwy.
For more information or email updates go to these two websites: coralgrove.com and authenticff.com.
