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Business Observer Monday, Feb. 3, 2020 6 months ago

Community plans $60 million luxury villa project

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The Oaks at Cypress Cove at HealthPark Florida in South Fort Myers will have 82 units.

FORT MYERS — Cypress Cove, a nonprofit life plan/continuing care retirement community at HealthPark Florida in south Fort Myers, recently announced plans to build a $60 million, 12-acre luxury villa and apartment complex.

The 82-unit complex, The Oaks at Cypress Cove, is planned for a tract at the southwest corner of Bass Road and Summerlin Road, within HealthPark Florida’s 400-acre campus, according to a statement. “Construction, which will not begin immediately, is being preceded by pre-marketing and sales efforts. We are extremely encouraged by the initial interest,” says Cypress Living President and CEO Troy Churchill in the statement.

The Oaks will include three high-rise luxury apartments, each housing 24 large open-concept apartments with scenic multi-view lanais and 10 elegant villas, ranging from 2,230 to 2,396 square feet, with lakeside views. Each five-story high-rise features a first-floor under-building parking garage, the release states. Innovative smart home technology is to be built into each housing unit.

The Oaks will also feature high-end finishes and best-in-class services and amenities, the release states. The property is a short walking distance from the main 48-acre Cypress Cove campus and residents of The Oaks will have access to all amenities and features there, including the Cypress Cove community’s restaurants.

Residents of The Oaks will also have resort-style amenities available within the 12-acre gated-access community, including a large clubhouse with an upscale dining facility, a fitness center, exercise room, an indoor pub and a large outdoor pool with wrap-around patio.

The Oaks will require approximately an 18-months for build out, once construction begins.

 

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