Plans are in the works for Cape Coral to get a massive, 140-acre commercial development project called Victory Park.
Blue Waters Development Group LLC announced the plans last week to anchor the project with a 125-room Wyndham Garden hotel, commercial space and 110,000 square feet of warehouse and medical office space at 2313 NE 24th Ave.
The southeastern-most lot, sitting at the northwest corner of Diplomat Parkway and NE 24th Avenue, could become a beacon of construction activity sometime later this year. It is just next door to the Veterans Administration clinic.
“The VA medical center is bringing over 350,000 patients per year on a regular basis,” said Danny Aguirre, manager of Blue Waters Development, which was established in Cape Coral about two years ago. Aguirre said he previously developed projects on the east coast of Florida. This will be the group’s first project in Cape Coral.
“The army reserve base is doing reserve troop training on a monthly basis on the weekends,” Aguirre said of another draw to the hotel. “That is a driver that we felt competent in being able to service them by putting a quality hotel product there.”
Aguirre said he wasn’t sure on a timetable for breaking ground. He remained hopeful to do so by mid-summer if not sooner.
“With COVID going on, it just set the permitting process in a tailspin,” Aguirre said. “We really don’t know. With some of the workers working remotely, it’s going to be what it needs to be. I wish I could set a timeline to it. If we can get it taken care of by the second quarter or third quarter, we’d like to move forward in that direction.”
The hotel would be the first phase of what could become a major development, as the land stretches north to where Kismet Parkway becomes Littleton Road at NE 24th Avenue. The property continues east to Corbett Road.
The northernmost lot sold for $2.3 million in July 2019, purchased by Alex Diaz Trust according to Lee County property records.
The same trust went on to purchase the southern two parcels for $5 million and $3.6 million in September 2019, records show.
Real estate broker Steve Komondorea of Real America Realty is handling pre-leasing for the office and warehouse space.
The new development will feed off the V.A. clinic and form a synergy with it, he said.
“It has the second-highest volume of veteran appointments in the state of Florida,” Komondorea said. “We have had conversations with the people who are directing the V.A. Clinic. We wanted to be a compliment to them. So veterans who come with family members, they will have a place to put up their heels. That was one of the main inspirations to do this at that location.”
Blue Waters is marketing the development in preparing for groundbreaking.
“We want medical professionals to know that we have this medical facility coming up,” said Komondorea, who hopes medical professionals will recognize that area could fulfill a need.
“There’s some things the VA does, and there’s some things the VA doesn’t,” he said. “We’d like to be able to generate interest to compliment what they do. We’ll be working real hard to develop a quality product.”
Source: News-Press