Executive Summary. city is currently 43% built out and expected full build-out is in the year 2080.

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2 Executive Summary The City of Cape Coral is situated on the Gulf Coast in Southwest Florida. With a population of 154,305, it is the largest city between Tampa and Miami. Its area of 120 square miles makes Cape Coral the third-largest Florida city by land mass. The area s greatest attractions are the weather, the water, and our low cost of living and doing business. Cape Coral s more than 400 miles of canals and waterways give residents plenty of opportunity to live on the water. There is no place where you can own waterfront property as inexpensively as in Cape Coral and Southwest Florida. Since incorporation in 1971, Cape Coral has experienced ed amazing growth and keeps growing at a rapid tempo. The city is currently 43% built out and expected full build-out is in the year Census 2010 Projected Given this tremendous growth pattern, the City of Cape Coral is creating numerous development opportunities to expand upon our retail and office space environment. Presently, Cape Coral has elevated retail leakage rates, because we didn t have enough retailers within our city to meet the demand of its residents. Numerous existing retailers in Cape Coral have experienced tremendous annual sales and, in some instances, are the largest grossing stores of their respective chains. This reflects the potential that exists for our retail market. Cape Coral is seeking to take advantage of this potential and to address the leakage rates associated with certain retail sectors. With this in mind, the City of Cape Coral, through its Economic Development Office (EDO), will consider customized development incentives for qualified projects aimed at creating jobs and new investment in support of curtailing existing leakage and supporting development in key areas identified within this document. Made with Esri Business Analyst July 11, Esri

3 Executive Summary (Continued) With Cape Coral currently being 43% built out and a projected total population of 400,000 by 2080 there are tremendous opportunities for the retail sector. The Cape Coral Area Ranked: One of the 200 Best Places for Business and Careers in the Nation (Forbes, 2012) 3rd Fastest Growing U.S. Metro (CNN Money, 2012) Cape Coral/Fort Myers Metropolitan Area is 2012 Best Mid-Sized Florida City for Job Growth (New Geography, May 2012) Florida is 2nd Best State for Business (Chief Executive Magazine, April, 2012) One of the U.S. 25 Best Places to Retire (Forbes, 2012) Most Improved Florida Housing Market (National Association of Builders, 2011) Please contact the Cape Coral EDO to find out which economic incentives may be available for any potential development you may wish to bring to Cape Coral. The City of Cape Coral Economic Development Office offers a host of resources and connections to help you evaluate a Cape Coral business location and connect you to commercial sites. Detailed demographic reports and market data are available per request. Please contact us to start your successful business in Cape Coral. We promise that you will find a natural fit for work and play in our city. The City of Cape Coral Economic Development Team Market Overview The Southwest Florida economy shows continued signs of improvement since the year The housing market, Southwest Florida s primary industry, is returning to a healthy state. Home sales continued to increase as well as air traffic and hotel occupancy, new foreclosures were down, and home prices and unemployment improved. Cape Coral new home permits increased due to improvements in the economy, which continue to increase demand in the retail sector. These highlights, accompanied with the recent release of the 2010 U.S. Census and BEBR figures showing renewed growth in the Southwest Florida and Cape Coral populations, bode well for the housing and retail industry, as well as the overall economy moving forward. The years of plummeting real estate valuations appear over for Cape Coral. Cape Coral s estimated tax roll value increased 3.83 percent in 2011, the biggest increase among all 91 taxing authorities in Lee County, according to preliminary figures furnished by the Lee County Tax Appraiser s office. At the beginning of the year 2012, the National Association of Builders named Cape Coral the Most Improved Florida Housing Market. Florida Gulf Coast University (FGCU), an emerging economic driver in Southwest Florida, has become the largest regional school in the Southwest Florida area. Over the course of the past six years, FGCU has added in excess of 900 students per year. FGCU officials project the student population to be between 20,000 22,000 students by The growth of FGCU continues to add a consumer base to retail centers in Lee County. Why should you locate in Cape Coral? As the 3rd largest Florida city, Cape Coral offers more than 60 square miles of unimproved commercial and residential land within its total 120 square miles. See what others are saying about Cape Coral and Southwest Florida on the side panel of this page to see why pursuing a location here makes sense for your company.

4 Benefits for Locating Your Business in Cape Coral include: A Talented Workforce Customized Economic Development Incentives Low Cost of Doing Business Low Taxes Investment Areas Pine Island Corridor Total Acres: 2400 Zoning: Commercial, Light Industrial, Mixed-use, Residential Downtown CRA Community Redevelopment Area Total Acres: 432 Zoning: Core, Edge & Gateway, Commercial, Mixed-Use, Residential City Center Total Acres: 278 Zoning: Commercial, Professional, Governmental, Mixed-use, Multi-family, Residential Veterans Investment Zone (VIZ) Total Acres: 430 Zoning: Corridor, Industrial, Mixed-Use Concourse at Cape Coral Total Acres: 171 Zoning: C-1 For More Information, Contact: City of Cape Coral Economic Development Office The Cape Coral Area Ranked: 3rd Most Popular U.S. City for International Home Buyers (The Wall Street Journal, 2011) Among 25 Best Places to Retire (Money Magazine, 2011) Cape Coral Ranks in Top Ten Places to Open a Business (Biz Journals, 2009) Top Mid-Sized Economic Development Hot Spot (Expansion Management, 2008) #1 for Doing Business among Cities over 100,000 (INC Magazine, 2007) #1 Community in the Nation for Job Growth (Forbes.com, 2007)

5 B OLD BURNT STOR RD CALOOSA JACARANDA OLD BURNT STORE RD Legend DURDEN KISMET W GULFSTREAM DIPLOMAT W YUCATAN TROPICANA W CEITUS BURNT STORE RD N BURNT U BURNT T STORE RD S VAN BUREN EMBERS CEITUS Diplomat Commerce Park Patriot Plaza Concourse at Cape Coral Shops at Surfside Super Walmart Sam's Club Village Square Publix Plaza at Burnt Store Coralwood Shopping Center Cape Coral Retail Opportunity Sites GLEASON SURFSIDE BLVD SANDS BLVD EL DORADO N SURFSIDE BLVD EL DORADO N SURFSIDE BLVD OASIS SS BLVD JACARANDA BEACH W SW PINE TRAFALGAR KISMET W DIPLOMAT W TROPICANA W EMBERS ISLAND RD VETERANS MEMORIAL VETERANS MEMORIAL VETERANS MEMORIAL AGUALINDA BLVD AGUALINDA BLVD CHIQUITA BLVD N CHIQUITA BLVD N SAVONA W CHIQUITA BLVD S CHIQUITA BLVD S Charlotte County WILMINGTON NELSON RD NELSON RD SKYLINE BLVD SKYLINE BLVD CAPE CORAL EL DORADO ROSE GARDEN DR TRAFALGAR GLEASON PELICAN BLVD MOHAWK W PELICAN BLVD W SANTA BARBARA BLVD SANTA BARBARA BLVD JACARANDA KISMET E DIPLOMAT E TROPICANA E AVIATION KAMAL PALM TREE BLVD NE PINE ISLAND RD RETUNDA ANDALUSIA BLVD CULTURAL PARK BLVD WILDWOOD JACARANDA CAPE CORAL E EL DORADO E LUCERNE HANCOCK VISCAYA VISCAYA ARCHER COUNTRY CLUB BLVD W GATOR CIR CORONADO N GATOR CIR S ACADEMY BLVD COUNTRY CLUB BLVD DEL PRADO BLVD COUNTRY CLUB BLVD DEL PRADO BLVD S DEL PRADO BLVD N SHELBY S GATOR CIR E GATOR CIR DIPLOMAT E BRIDGE BOLADO FOUR MILE COVE CORNWALLIS PALACO GRANDE SAVONA BEACH DEL PRADO BLVD N LITTLETON RD VISCAYA PONDELLA RD DEL PRADO BLVD N Ft. Myers

6 North Cape Retail Industry Opportunities Pine Island Road Area Pine Island Road is one of Cape Coral s main east-west arteries. During the last decade, numerous national chains located restaurants and retail businesses along this eight mile roadway. Smaller local businesses and national car dealerships make this an attractive shopping destination for local and regional consumers. A great many opportunities for additional retail locations remain in existing plazas and development parcels. Six of the eight miles of this thoroughfare feature four lanes with the remaining two miles to the west expanding to four lanes beginning in OLD BURNT STORE RD Retailers & Restaurants along Pine Island Road BJ s Target Lowe s Bed Bath & Beyond AC Moore PetSmart Sports Authority Michael s GULFSTREAM KISMET W Kohl s YUCATAN TROPICANA W CEITUS BURNT STORE RD S VAN BUREN DIPLOMAT W W EMBERS CEITUS Walmart Walgreens Publix Office Max Staples Starbuck s Five Guys EL DORADO N SURFSIDE BLVD EL DORA Olive Garden Outback Bonefish Grill Panera Sonny s Subway SURFSIDE BLVD CHIQUITA BLV CHIQUITA BLVD D N SW PINE TRAFALGAR Chili s Chick-fill-A Mattress Firm Roger Dean Chevrolet Fucillo Kia Steak and Shake Bob KISMET Evan s W Ruby Tuesday s Carrabba s Italian Grill Dairy Queen CHIQUITA BLVD S TROPICANA W EMBERS ISLAND RD NELSON RD NELSON RD McDonald s Golden DIPLOMAT Corral W (Under Construction) SKYLINE BLVD TRAFALGAR Please contact the Cape Coral Economic Development Office to obtain more information on development opportunities along this fast growing retail corridor. SANTA BARBARA BLVD KISMET E DIPLOMAT E TROPICANA E NE PINE ISLAND RD HANCOCK DIPLOMAT E BRIDGE VETERANS M MEMORIAL Pine Island Commercial Opportunity Areas Veterans Investment Zone VETERANS MEMORIAL VETERANS MEMORIAL AVIATION KAMAL RETUNDA ANDALUSIA BLVD CULTURAL PARK BLVD VISCAYA VISCAYA S ACADEMY BLVD COUNTRY CLUB BLVD DEL PRADO BLVD ARCHER DEL PRADO BLVD S DEL PRADO BLVD N SHELBY LITTLETON RD BOLADO VISCAYA FOUR MILE COVE PONDELLA RD

7 North Cape Retail Industry Opportunities (Continued) Pine Island Road Widening Area The Florida Department of Transportation is executing the widening of the most western 2 mile stretch of Pine Island Road to four lanes in 2013 from Chiquita Blvd. to Burnt Store Road. The widening of the roadway makes large-scale development of this area possible. Planned developments include a Super- Walmart Plaza with available property for a regional shopping and entertainment center. Parcels from 1.3 to 191 acres with direct frontage to Pine Island road are especially attractive for retail and entertainment businesses. Traffic Count: Pine Island Road: 23,000 AADT Veterans Parkway: 18,700 AADT Size of Available Parcels: Range from 1.3 to 101 acres # Available Parcels: 19+ Ceitus Pkwy TROPICANA W CEITUS Publix Plaza [ EMBERS CEITUS BLVD EL DORADO N CHIQUITA BLV Future Super Walmart SW PINE TRAFALGAR CHIQUITA C BLVD S TROPICANA W EMBERS ISLAND RD NELSON RD KYLINE BLVD SANTA BA TRAFALGAR e Island Road Self Storage Marine Concepts Cement Factory Future Super Bubba s Pine Island Road German- American Social Club [ Pond Site Pond Saddlewood dlewood Rd Cape Coral Sports Complex * = Opportunity Parcels Commercial/Retail

8 Future Sam s Club Traffic count: East of Pondella Rd. 23,000 West of Del Prado Blvd. 36,000 ADT Size of Available Parcels: Acres Available Parcels: 6 [ Pallet/Bale Recycling Area Sam s Gas Sam s Club Stormwater rp Pond SANTA A BARBARA BLVD Sam s Club DIPLOMAT E ANDALUSIA BLVD TROPICANA E NE PINE ISLAND RD CULTURAL PARK BLVD Stormwater Pond Future Development Area 7.10 Acres HANCOCK DEL PRADO BLVD DIPLOMAT E BRIDGE BOLADO VISCAYA PONDELLA RD [ Farther east close to Hancock Bridge Parkway is the proposed location of a new Sam s Club Outparcel 1.14 Acres Outparcel 1.5 Acres Outparcel 1.22 Acres Outparcel 1.22 Acres Outparcel 1.21 Acres SR 78 - Pine Island Rd. SW 3rd Place Hancock Bridge Pkwy.

9 North Cape Retail Industry Opportunities (Continued) Veterans Investment Zone (VIZ) Zoning: Corridor, Industrial, Commercial, and Mixed-Use is Optimal for Business Diversity Outpatient Clinic: Opening in early 2013 Mixed-Use Development 120 Acre Diplomat Commerce Park: Mixed-Use Development : Palliative Care Facility KISMET E VA Clinic 15 Acre Army Reserve Site DIPLOMAT E ANDALUSIA D AL BLVD TROPICANA E US Army Reserve Center DEL PRADO A O BLVD N NE PINE ISLAND RDD HANCOCK Diplomat Commerce Park LITTLETON RD DIPLOMAT E CORBETT ROAD Patriot Plaza PONDELLA LA RD BRIDGE

10 Regional VA Clinic Will employ 300 physicians, nurses, technicians and other medical and clerical staff Over 260,000 veterans in Southwest Florida, expected to serve over 1,000 patients daily Will rank in the top 5 of the 800 U.S. VA Clinics The Veterans Investment Zone (VIZ) is one of Cape Coral s newest economic development initiatives. The VIZ encompasses the area surrounding the new regional VA Clinic in northeast Cape Coral on Diplomat Parkway and Corbett Road. The clinic will be a powerful anchor for economic development and a dynamic location for medical parks and offices,assisted living facilities, retail services and amenities, hotels, as well as light industrial enterprises. The vision for the VIZ is a vibrant village for the community, patients, staff and visitors. The planned Army Reserve Training facility located across from the VA Clinic will be a strong resource for the VIZ, bringing in more than 200 soldiers monthly for training. A location in the Veterans Investment Zone will afford retailers a steady traffic count from up to 1,000 daily VA Clinic visitors plus a staff of 300 clinic employees. This largely undeveloped area borders on Cape Coral s neighboring community, North Fort Myers.

11 North Cape Retail Industry Opportunities (Continued) Two commercial developments planned near the regional VA Clinic will afford businesses the opportunity to take advantage of the synergy between healthcare services and ancillary businesses in the VIZ. Diplomat Commerce Park This 120-acre mixed-use project is under development in northeast Cape Coral, surrounding the new regional VA Clinic at Corbett Road and Diplomat Parkway. Development Sites Available Research and development 50,000 SF Medical and other offices 300,000 SF Retail shops and services 40,000 SF Assisted living facility Hotel 150 rooms Educational facility Communications tower KISMET E DIPLOMAT E ANDALUSIA BLVD TROPICANA E DEL PRADO BLVD N NE PINE ISLAND RD Diplomat Commerce Park HANCOCK LITTLETON RD DIPLOMAT E CORBETT ROAD PONDELLA RD BRIDGE Diplomat Commerce Park VA Clinic

12 Patriot Plaza 20-Acre commercial use for sale in northeast Cape Coral, fronting Pine Island Road and the new regional VA Clinic at Corbett Road and Diplomat Parkway Development Sites Available Total Land Area acres Zoning CORR (corridor) Veterans Investment Zone (VIZ) Development Incentives Potential Uses Retail, Office Medical, Hotel, ALF Gateway to New VA Clinic Opens 2012 Traffic Count Exceeds 23,000 AADT 2,000 ft. Frontage on Pine Island Rd. & Corbett Rd. Lot 6 256,507 SF 6.09 Acres Lake 83,619 SF 1.92 Acres CORBETT RD. Lot 4 153,874 SF 3.53 Acres Lot 5 129,458 SF 2.97 Acres Dry Retention Retention Area Lot 3 79,111 SF 1.82 Acres Lot 2 69,423 SF 1.59 Acres Lot 2 79,719 SF 1.76 Acres Dry Retention Retention Area PINE ISLAND RD.

13 North Cape Retail Industry Opportunities (Continued) Concourse at Cape Coral The Concourse at Cape Coral is ideally located in the attractive development triangle between Cape Coral, Fort Myers, and Port Charlotte. The City owns this land and is seeking offers for public-private partnerships. This planned development is situated on Kismet Parkway and Cape Coral s main north-south artery, Del Prado Blvd. This development opportunity is ideally located near the regional VA Clinic and U.S. 41, offering easy access to all of Southwest Florida Planned uses include a large retail and entertainment district nestled in unspoiled nature, offering characteristic Cape Coral water views. Total Acres: 171 Entertainment District: Academic Village: 32 Zoning: 55 Acres 50 Acres C-1 (Commercial) SANTA BARBARA BLVD KISMET E Concourse at Cape Coral DIPLOMAT E ANDALUSIA BLVD TROPICANA E DEL PRADO BLVD N NE PINE ISLAND RD LITTLETON RD DIPLOMAT E PONDELLA RD [

14 Mid-Cape Retail Industry Opportunities Shops at Surfside This site is strategically positioned to serve the Cape Coral, Pine Island, and Punta Gorda areas. In addition, the site is located amidst the highest income demographics and some of the highest average priced home areas in Cape Coral. Approximately 185,000 sq.ft. on Acres Traffic Count: 26,800 AADT Veterans Parkway, east of Chiquita Blvd., east of Surfside Blvd. 18,700 AADT NW corner of Veterans Pkwy. and Surfside Blvd., at the entrance to the Sandoval residential community, an upscale Bonita Bay Properties site with 1,569 units and another units to be added over the next five years. [ RETAIL C RETAIL D RETAIL RETAIL RETAIL Home Goods GLEASON SURFSIDE BLVD SURFSID SURFSIDE BLVD OASIS BLVD BEACH W VETERANS MEMORIAL D AGUALINDA BLVD Shops GLEASON at Surfside [ SAVONA W WILDW CHIQUITA BLVD S S SKYLINE BLVD CAPE CORAL Woody s Surfside Restaurant RETAIL E RETAIL F PELICAN BLVD MOHAWK W VD SURFSIDE BLVD SANTA BARBARA BLVD AVIATION KAMAL PALM TREE BLVD RET PK CAPE CO C RETAIL A Parcel +/-.64 Acres Parcel 3 +/ acres Future Restaurant

15 Mid-Cape Retail Industry Opportunities (continued) Veterans Parkway & Santa Barbara Boulevard This is a 7+ acre development consisting of two lots. One lot is City owned (former Fire Station) and one is privately owned. Must be developed as one with the City lot serving as the parking lot for the development. Across Veterans Parkway is a Plaza featuring Target, Lowes, Publix, Subway, McDonalds, BB&T Bank, and Ruby Tuesday. The remainder is bordered by Santa Barbara Blvd. and residential neighborhoods. Zoning: C-1 (Commercial) Traffic: Retail Plaza Veterans Pkwy. East of Santa Barbara Blvd. 45,200 AADT/Veterans Pkwy. West of Santa Barbara Blvd. 38,400 AADT/Santa Barbara Blvd. south of Veterans Pkwy 22,900 AADT/Santa Barbara Blvd. north of Veterans Pkwy. 23,000 AADT SKYLINE BLVD SKYLINE BLVD SKYLINE MEMORIAL LINE BLVD VETERANS MEMORIAL PARKWAY Veterans & GLEASON Santa Barbara VD SANTA BARBARA BLVD D AVIATION KAMAL ACADEMY BLVD RETUNDA COUNTRY CLUB BLVD COUNTRY CLUB BLVD ARCHER

16 SE 24th ST. Coralwood Shopping Center on Del Prado Boulevard Coralwood Shopping Center is located on one of the busiest intersections in Cape Coral, just north of the Veterans Memorial Parkway bridge that leads across the river near to Fort Myers. This location has the highest traffic counts in all of Cape Coral. Traffic: Del Prado Boulevard & Veterans Memorial Parkway 51,300 AADT Center Size: 343,000 SF anchored center Key Tenants: Bealls, JC Penney, Marquee Cinema & LA Fitness Y HOLAS OLAS AR R AVIATION CULTURA RETUNDA VISCAYA VISCAYA DEL PRADO BLVD S FOUR MILE COVE VETERANS MEMORIAL SE 17th PLACE N KAMAL ARCHER SHELBY CORNWALLIS 47,500 cars/day S ACADEMY BLVD COUNTRY CLUB BLVD DEL PRADO BLVD VISCAYA Coralwood Shopping Center Y CLUB BLVD SE 21st LANE Available 90,000 SF (divisible) FASHION BUG Outlet VETERAN S PARKWAY SE 16th PLACE 58,000 cars/day DEL PRADO BLVD.

17 South-Cape Retail Industry Opportunities Downtown CRA Project: Village Square Village Square will be an upscale, mixed-use residential project in the city s South Cape Community Redevelopment Area. These quality residential units will serve people who wish to live near attractive downtown-style amenities such as dining, entertainment and shopping. Traffic: Cape Coral Bridge: 42,200 AADT Cape Coral Pkwy.: 37,800 AADT South Cape As the historic city center, South Cape has unique attributes and assets that can be capitalized on to serve as the foundation for future development. Currently, South Cape retail opportunities are primarily driven by residents in the CRA and the surrounding area within a broader trade region. High commuter traffic runs through the CRA on Cape Coral Parkway, one of the main thoroughfares from and to Fort Myers and the beaches. As a key implementation element of the CRA s 2030 Vision Plan, new regulations specifically provide property owners, builders, and developers with a faster approval process and greater flexibility in how they develop or redevelop. The CRA s Vision Plan is to create a downtown district that is rich with activities and a desirable shopping and entertainment destination for both residents and visitors.

18 For information about available properties, investment opportunities, and economic development incentives for qualifying projects, please contact the City of Cape Coral Economic Development Office. The EDO provides detailed demographic reports, industry analyses, market data and current zoning information for available commercial business sites. Please contact us for a natural fit for work and play in our city. The City of Cape Coral Economic Development Team Phone: ecodev@capecoral.net City of Cape Coral Economic Development Office