Discount grocer Aldi buys vacant Cape Coral parcel for $1.1 million

Naples, Fort Myers and Charlotte

Discount grocer Aldi has bought a vacant 2.86-acre parcel of land in Cape Coral. The property, which the company paid $1.1 million for, is at 3510 Del Prado Blvd. The previous owner was an LLC named Casto Cape Coral. State corporation records shows it shares an address with the Sarasota real estate firm Casto and Brett Hutchens, the partner at the firm in charge of its retail development in southeast, is listed as the LLC’s manager. Aldi did not respond to questions about its plans for the property which is along a commercial strip in northeast Cape Coral. The grocer, known for its no frills shopping experience, said earlier this year that it plans to open 250 new stores across the country this year. A list of locations slated to open soon, though, does not have this address on it — for now. Aldi currently operates 243 stores in the state, about 60 of those are along the Gulf Coast. John Mounce and Jessica McEvoy of LQ Commercial represented Aldi in the land buy.

DeAngelis Diamond, a Naples construction company is getting ready to begin work this summer on two affordable housing developments — one in Naples and another in Fort Myers. The two developments, which combined will bring more than 300 affordable housing units to the area, are being developed by McDowell Housing out of Miami. DeAngelis Diamond estimates the combined construction value of the project is $75 million. The properties: