The proposed $ 50 million project would bring apartments and businesses to the Bimini Basin in Cape Coral



A project in gestation for years is getting closer to reality.

A proposed Bimini Basin project would bring apartments, shops, parking and a waterfront restaurant to Cape Coral. It still needs funding and development approval from the city.

The community redevelopment agency signed the letter of intent on Tuesday.

The potentially developing land has been left empty for years, and while some people are thrilled to see it turn into something, others are skeptical.

The Bimini Basin attracts boaters and fishermen from all over the country.

“It’s a great place,” said Alan Waterman. “We love it here.”

“We really like it. It’s really cool, ”said Kenny Back, from Indiana. “It’s a little busier than I expected which is a good thing. Law?”

The basin could become busier with a proposed $ 50 million development. A developer in North Dakota offers 185 apartments, a parking garage, retail space and a waterfront restaurant. A dock and launching ramps are also part of the design.

“I think it would help a lot because it’s an older area and needs a newer feel,” said Kevin Hodges, from Indiana.

“I think it would be nice to expand for sure, and that’s the area already,” Back said. “Like I said, it’s already pretty well developed. It’s not like you’re developing a wildlife preserve.

Construction is expected to create more than 500 jobs.

“Anything that gives people jobs or something like that, I think that’s a plus for the community,” Hodges said. “It’s been wasteland for a long time, so it will only help the trade.”

But people who live next to the vacant lot are not sure what type of living space.

“One hundred and eighty apartments is not what I think anyone in this area is really going to want,” Waterman said. “It’s a neighborhood of condos. People own their place.

If everything is approved by the city, the tentative break schedule would be late spring 2022.

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