Springs at Coral Shores, a multi-family development including 319 units on Pine Island Road, broke ground this week. Estimated completion is spring of 2024. Artist rendition provided

While Hurricane Ian brought damage and devastation to Southwest Florida, it seems as if the storm has failed to deter continued economic development in Cape Coral.

City of Cape Coral Economic and Business Development Officer Sharon Woodberry said a month was lost due to the near Category-5 storm when it comes to constriction activity for planned developments, but no major delays or cancellations in projects have been reported.

“We’re happy to see that those (projects) that we’ve had conversations in the pipeline, those are still scheduled to move forward,” Woodberry said. “Those that were in the process, they are moving forward but are a little behind schedule.”

The city’s Economic Development Office is thankful no projects were called off due to Hurricane Ian, and that those looking to invest in the city have not shied away.

“Nothing has curbed the interest (and) enthusiasm about investing in Cape Coral on the commercial side,” Woodberry said.

Projects already in development or nearing development in the city should not experience major, year-long delays or longer due to circumstances surrounding the storm, Woodberry added.

The most-recent quarterly Economic Activity Report was compiled just two weeks before Hurricane Ian and highlights what’s slated for city streets in the future.

Projects under construction include (completion dates set before Hurricane Ian took place, some may be experiencing minor delays):

• Stone’s Throw: A new restaurant with an eclectic mix of dishes coming to 1339 Cape Coral Parkway. Construction has been ongoing since the summer and has picked back up since Ian, but the storm set them back a bit.

• The Strand at Judd Creek: 3010 Northeast Pine Island Road. A 48,614-square-foot four-story development. The 99-unit multi-family location with amenities is slated to be finished by summer of 2023.

• Oasis at Surfside: 2200 to 2224 Oasis Palm Circle. Currently in phase two of four. Includes 204 units of multi-family housing. Scheduled to be completed by Spring of 2023.

• The Resort at Tranquility Lake: 4100 Burnt Store Road. Currently in phase one. Features 36.26 acres with 144 motor coach sites. Slated to be completed in spring of 2023.

• The Waters: 2307 Chiquita Blvd. S. Features 132-units for Continued Care. Completion scheduled for spring of 2023.

• Marina Villas at Cape Harbour: 5th 810-5865 Shell Cove Drive. Phase 1 is underway that features five multi-family buildings with 21 condos in each.

Scheduled completion is fall of 2023.

Projects currently in the planning and permitting phase include:

• The Club on Pine Island: 315/335 Southwest Pine Island Road. Includes 195 multi-family units scheduled to be completed in spring of 2023 with move-ins happening that fall.

• Springs at Coral Shores: 2914 Southwest Pine Island Road. Groundbreaking took place this week for the 304-unit community. Will feature studio, one, two, and three-bedroom apartment homes. Releasing begins in summer of 2023.

• Siesta Lakes: 186-264 Tiera De Paz Loop. Includes 415 multi-family units to be completed by spring of 2024.

• Ember Lakes: 1060 Embers Parkway. Features 1310 multi-family units (in three phases). Completion date is by March of 2024.

• Victory Park Phase 1: 2419 Corbett Road. Features 137 acres for mixed-development use. Phase 1 includes a 125-room Wyndham Garden Hotel. Planned completion of Phase 1 is winter of 2024.

• Island Pearl: Corner of Burnt Store Road and Pine Island Road. Includes 50,000-square-feet of retail space. Completion is to be determined.

• Mellow Mushroom at Gator Mikes: in planning with projected opening of winter 2023.

• Civitas Apartments: 105-123 Civets Court. A 96-unit workforce multi-family housing project scheduled to break ground in early 2023.

• The Club: A multi-family development on Pine Island Road just west of Sam’s Club. Features 195 units with an estimated completion date of July 2023.

• Springs at Coral Shores: A multi-family development including 319 units on Pine Island Road. Estimated completion is spring of 2024.

When it comes to population growth Cape Coral has experienced and more developments needed for housing, and they seem to be getting it.

Woodberry said the city is playing a bit of catch-up when it comes to commercial developments, especially in the Northwest and Northeast Cape.

“We are looking at Burnt Store Road as being that next course for where development is,” she said. “We are working to see what kind of options there are. That is where I think we’ll be able to provide some development opportunities for an area that’s sorely lacking right now.

“(Burnt Store Road) is where we have the most opportunity. There’s a couple of large-acre sites that are there. And some that are smaller but scattered along the corridor. We believe where we are going to have the most opportunity to meet demand.”

–Connect with this reporter on Twitter: @haddad_cj