Lot in Cape Coral was supposed to be developed, is on hold due to pandemic
A lot between Southeast 47th Terrace and Cape Coral Parkway was supposed to be developed after sitting vacant for years. But now, because of the pandemic, the lot will sit vacant even longer.
Side Car Treats owner Chris Cohen wonders what will become of the eyesore. “My landlord and the people who owned the property haven’t given me any further updates,” Cohen said.
His ice cream shop in Cape Coral sits right next to the lot that has recently been cleared. A major development was planned but when those plans will begin – no one knows.
“The project folks were expected to come back with a new updated project plan,” Cohen said.
The project is called Village Square and is supposed to feature 152 multi-family units, office space and a six-story parking garage. COVID-19 is partially to blame for the project’s delay.
Cohen says, despite its appearance, the delay of the project is good news for him. “If they move forward with the proposed project as it was, it would mean tearing down this building, and I would relocate,” he said.
The City of Cape Coral says no one has applied for a building permit. Cohen says the new project may create more traffic.
“I would imagine at rush hour, it would cause quite a bit of gridlock,” Cohen said. “I understand the growth and what’s happening right now with the real estate market certainly means there will be an influx of people coming, which probably means there will be an influx of construction soon.”