Last year was a solid year for economic growth in Cape Coral. And there’s so much more to come.
Here is a select list highlighting more impressive strides that will keep moving the Cape forward in 2019:
* Join us for a dedication celebrating the successful completion of the SW 47th Terrace Streetscape Project:
- WHEN: February 5 at 4 p.m.
- WHERE: Corner of SE 47 Terrace & SE 10 Place.
This project not only beautified the bustling district but also made improvements to traffic flow, safety, and Wi-Fi capabilities. This project will continue to make South Cape a regional destination for business, dining, and entertainment.
* The need for additional assisted living and memory care communities is getting fulfilled in style, with several facilities being developed, opening and/or hiring. Opening this year:
- Keystone Place at Four Mile Cove, a 140-unit facility expected to generate 80 news jobs
- The Waters of Cape Coral is underway Chiquita Boulevard. Offering 72 assisted living and 28 memory care apartments with caregiver suites and a variety of amenities, it is planning to open in December.
* Multi-family housing expansion:
- Tenants are moving into Uptown at Liberty Park, a complex of eight buildings with 40 units each and a clubhouse.
- A 30-unit condominium with individual private slips on Coronado Parkway is on the drawing boards.
* Plans for two mixed-use developments are progressing since the city established formal marketing and consulting partnerships to promote each site, find investors and secure qualified developers.
- Redevelopment Management Associates is managing Bimini Basin in South Cape.
- CBRE, an international commercial real estate company, is managing Seven Islands in Northwest Cape Coral.
* The city will begin issuing bonds that will improve parks facilities citywide following the approval of the Parks GO (General Obligation) Bond referendum in November. Improved parks and greenspace raise the quality of life for residents and fuel the local economy.
* Cape Coral is expected to reach a new population milestone, perhaps this year – 200,000 full-time residents. New commercial and residential construction permits have risen dramatically in the past five years, signaling robust growth.
* City planners have been working on updating and overhauling the city’s land-use code, which will make it easier for commercial developers to build in the city. The City Council is expected to adopt the changes in February.