News & Notes

Lakeland apartments sell for $57 million

In the week's top commercial real estate news, a Sarasota company arranges two commercial loans, a Naples developer spends $40 million in Tampa, and a Captiva gets its day before commissioners.


  • By Louis Llovio
  • | 5:00 a.m. July 27, 2025
  • | 0 Free Articles Remaining!
The 300-unit Bridgewater Grand in Lakeland sold to a Connecticut real estate private equity investment firm.
The 300-unit Bridgewater Grand in Lakeland sold to a Connecticut real estate private equity investment firm.
Image courtesy of Berkadia
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Cape Coral

Leasing opens for waterfront apartment in waterfront development

The apartment community at Bimini Square, a long-awaited development in Cape Coral, is nearly open. The building’s developers have opened leasing on the five-story, 198-unit residential component of the community, which is set to open in the fall. Available apartments include studio, one-, two- and three-bedroom units with “introductory” monthly rates starting in the $1,600s. Bimini Square is a mixed-use waterfront development on six acres west of Four Freedoms Park in the city. Along with the apartment community, it will feature 58,000 square feet of space with a marina and two onsite restaurants — House of Omelets and Bimini Basin Seafood & Cocktails, along with a two-story Lee Health outpatient clinic and office. The development will also have a six-story parking garage. The project had been in the works for about four years before winning city approval February 2023 and beginning construction that October that year.

 

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