| Cape Coral’s next big
development is inching closer to becoming reality.
The Bonita Bay Group is expecting to get approval for its
524-acre residential project in western Cape Coral by February.
“Once that happens we’ll be moving dirt,”
said Kitty Green, general manager of the project.
The development calls for 1,300 units and will include parks,
lakes, condominiums and single-family homes but not a golf
course.
Green said condominiums should sell for about $150,000 and
single-family homes up to $350,000.
Within the next three months the group will also announce
what builders will work on in the project and what the final
product will look like, Green said.
“We’re excited, she added. Our timing is good.”
The Bonita Bay Group bought several parcels totaling about
524 acres adjacent to Cape Royal Golf Course for $10.9 million
in 2001.
The Cape is in the midst of a development and growth boom.
Building permit records seem to
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fall on a monthly basis. More
than 500 single-family home permits were issued in October,
a record month following a record year.
The Bonita Bay development is only slightly smaller than developer
Will Stout’s Entrada, in the city’s northeast
corner.
The 692-acre Entrada development, with its 1,700 residential
units, is moving forward and nearly 1,000 units are under
way in Sunset Lakes, also in the northeast corner.
Pete McGough, director of development for the Realmark Group,
said the monument entrance at Entrada, over Del Prado Boulevard
Extension, should be finished by the end of the month and
builders expect to begin construction of new homes in the
spring.
In the meantime, Bonita Bay has a contract to sell a 23-acre
commercial tract near the corner of Veterans Parkway and Surfside
Boulevard to Fort Myers developer O.J. Buigas.
Buigas could not be reached for comment.
Bonita Bay got city approval to change the zoning of 20 acres
of that land from residential to commercial last year.
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