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Well-known Naples restaurant Aqua to open Cape Coral location

The seafood and steakhouse will be the anchor tenant for high-end development in the city.

  • By Louis Llovio
  • | 5:00 a.m. January 2, 2024
  • | 2 Free Articles Remaining!
Aqua Seafood and Steak will be the anchor tenant at the Cove at 47th.
Aqua Seafood and Steak will be the anchor tenant at the Cove at 47th.
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Aqua Seafood & Steaks will open a new location at a high-end apartment development along Cape Coral’s main commercial district.

The Naples restaurant will take a total of 7,000 square feet — 5,000 square feet on the ground floor and 2,000 square feet for a rooftop bar. It is slated to be the anchor tenant when the multiuse development opens in the winter, according to a statement from Flaherty & Collins Properties.

The complex is the Cove at 47th. The long-awaited $103 million development will include 327 luxury apartments, 19,000 square feet of space for retail and a parking garage with about 600 spaces. Leasing is expected to begin in February with the first residents expected to move in during the summer.

The complex at 870 SE 47th Terrace is right in the heart of the city’s shopping district on Cape Coral Parkway East. Local officials have said it is the kind of project that will help  elevate the city and can put it on the same level as Naples and other districts in the area with lively nightlife attractions.

Aqua first opened in 2011 in Southwest Florida. It currently has one eatery each in Bonita Springs and Naples. Along with the Cape Coral location, it is opening a second Naples location in the spring, according to the statement.

In the statement, Flaherty’s vice president of development says Aqua “perfectly aligns with our vision for The Cove at 47th, enhancing it into a premier destination in Cape Coral.”

Indianapolis-based developer Flaherty oversees 85 properties and manages over 15,000 units in nine states.



Louis Llovio

Louis Llovio is the commercial real estate editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.

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