State awards $4 million to Victory Park Community Development in Cape Coral

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Florida Construction News staff writer

More than $4 million has been awarded to the City of Cape Coral through the  Florida Job Growth Grant Fund to construct a public right-of-way that will improve access to Victory Park, a 140-acre master planned development. The project is expected to generate 1,100 new jobs in Lee County.

Cape Coral city council approved Victory Park Community Development District in August, a site bounded by Northeast 24th Avenue and Corbett Road. The proposed development includes:

  • a 125-room hotel
  • 308 gardenstyle apartments
  • 112 townhouses
  • 228,000 square feet of post-secondary education space
  • 568,040 square feet of commercial/office space
  • 25,800 square feet of retail and 264,000 square feet of light industrial space

Infrastructure improvements will cost about $37 million and a regional workforce training program will be developed to will spur job growth in healthcare, cybersecurity and local entrepreneurship sectors.

“The City of Cape Coral will not only be able to provide new opportunities for hardworking Floridians, but also ensure that the local community has access to vital healthcare and education resources,” said Florida Secretary of Commerce J. Alex Kelly. “As we approach one year since Hurricane Ian’s devastation, it is essential to continue investing in vital infrastructure while simultaneously recovering from the impacts to ensure a bright future for Southwest Florida families five and fifty years from now.”

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