Groundbreaking for The Cove at 47th

August 24, 2022 | Company

Developers broke ground for The Cove at 47th in South Cape Coral.

The $103 million mixed-use project will bring in more than 300 luxury apartments, 19,000 square feet of retail and office space, and a nearly 600-space parking garage.

The Cove at 47th development will be on the same site that was long supposed to be Village Square in downtown Cape at the corner of Cape Coral Parkway East and SE 8th Court, across from Corksoakers restaurant.

Flaherty & Collins Properties purchased the 3.9-acre site from Downtown Village Square, LLC, in a deal brokered by Paulette duCharme Hansen with Miloff Aubuchon Realty Group’s Commercial Division in Cape Coral.

The developer expects the first units to be ready in 16 months. The hope is for the entire project to be done in by end of Summer 2024.