Midwest developer plots Florida debut with major mixed-use project

A $64 million mixed-use project marks several milestones for Cape Coral. And city boosters and officials believe the Southwest Florida locale is on the cusp of even bigger things.

COURTESY. MAIN ART. Courtesy. The Cape at 47th is on a 3.9-acre site between SE 9th Place and SE 8th Court in Cape Coral.
COURTESY. MAIN ART. Courtesy. The Cape at 47th is on a 3.9-acre site between SE 9th Place and SE 8th Court in Cape Coral.
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Like many Midwest developers, Indianapolis-based Flaherty & Collins Properties, which specializes in urban infill projects with a multifamily component, has long coveted the Florida market. Most of the reasons are relatively familiar, from chasing a compelling supply and demand dynamic to the firm’s CEO, David Flaherty, owing a condo in Naples.

 

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