WELCOME TO SOUTH CAPE - Welcome to Cape Coral, FL Cape workshop Ricardo Noguera.pdfWELCOME TO SOUTH CAPE EDO Development Team September 12, 2019 Among other things, the CRA and the
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WELCOME TO SOUTH CAPE EDO Development Team September 12, 2019
Among other things, the CRA and the city are making upgrades to infrastructure and other improvement projects to create an environment for private investment and to encourage economic growth while improving the quality of life in the district. The city has also hired a new economic development manager with vision and eagerness to showcase our South Cape community. We are traveling the world to let developers know what they are missing in Cape Coral. We’ve increased densities among other things that Vince will speak of in a minute and committed to making the city’s processes a positive experience for developers. We hope to attract infill multi-family and mixed-use development in the Community Redevelopment Area (CRA) encouraging developments with potential tax increment financing and development incentives. It is our goal to continue to build a pedestrian-friendly South Cape with an assortment of restaurants and retail, new multi-family housing and office opportunities.
PLANNED PROJECTS
SKYBAR on Cape Coral Parkway, E.
PLANNED PROJECTS
Chase Bank
NE Corner of Cape Coral Parkway, E. and Vincennes Boulevard
PLANNED PROJECTSLa Placita Mixed-Use Development
PLANNED PROJECTS VILLAGE SQUARE
STREETSCAPE IMPROVEMENTS ON S.E. 47TH TERRACE
The CRA and City spent $15m in a streetscape improvement project in 2018-19.
WHY SOUTH CAPE?
City and CRA Investment New Pro Development RegulationsIncentivesQuality of Life
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The city and cra are investing funds in this area because we know it to be a unique, urban, vibrant location that ranks among the top 10 best cities for its cost of doing business and offers opportunities for individuals
INCENTIVES FOR SELECT DEVELOPMENT SITES IN SOUTH CAPE
There are opportunities to help fill financial gaps with the use of tax increment financing (TIF) for select developments in the CRA The City and CRA plan to attract office development and employers to the South Cape with an assortment of incentives. Stormwater Credit Program Allows the development improvements on site maximizing land area Reduced time and cost for permitting One time charge for use of system (no annual maintenance fee) Size: 12,500 sf (100x125 lot) Required Storage is 1563cf* Cost to use City system is $42,045
DEVELOPMENT OPPORTUNITIES
Several private properties available
City-owned property an option for high density mixed use projects
City staff available to provide tours of the South Cape CRA
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Target industries are Corporate Headquarters Med Tech Finance Sales, Insurance Services, Back Office Light Clean Manufacturing
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Concept of what can be built on city-owned oarking lots or other properties within the CRA area
DEVELOPMENT OPPORTUNITIES Bimini West (5 plus acres)
DEVELOPMENT OPPORTUNITIESBimini East (17 acre redevelopment site; 90% of land owned by one property owner)
City Owned Parking Lots
DEVELOPMENT OPPORTUNITIES Coronado Parkway Infill Site
NE Corner of SE 47th Terrace and Coronado Parkway
DEVELOPMENT OPPORTUNITIES
Former Sun Trust Bank
NE Corner of SE 46th Street and Del Prado Boulevard
DEVELOPMENT OPPORTUNITIES Undeveloped land adjacent to Winn Dixie
NE Corner of Miramar Street and Vincennes Street
DEVELOPMENT OPPORTUNITIES Undeveloped site on S.E. 15th Avenue
