Texas developer pays $100M for nearly 1,750 acres in Cape Coral

The development could bring as many as 3,500 residences and 425,000 square feet of retail to the Lee County city.

A 1,745-acre parcel in Cape Coral was sold to a Texas developer for $100 million.
A 1,745-acre parcel in Cape Coral was sold to a Texas developer for $100 million.
Image courtesy of LSI Cos.
  • Charlotte–Lee–Collier
  • Share

Forestar Real Estate Group, a residential developer in Arlington, Texas, has bought 1,745 acres in Cape Coral and is planning a major development on the land.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news
Subscribe

Already subscribed? Sign in.

Latest News

  • March 31, 2026
South Seas buys 22-acre artist retreat on Captiva
  • March 31, 2026
Pizzeria closes on Main Street in Sarasota
  • March 31, 2026
Naples man faces decades in prison for cheating elderly woman
  • March 31, 2026
Southwest Florida construction firm opens Tampa office

Sponsored Content