Marketplace of Coconut Point
Update
02/02/23
Konover South Finalizes Purchase of 9.6 Acres in Estero, Florida
Deerfield Beach-based Konover South LLC is pleased to announce that it has completed the purchase of 9.6 acres known as The Marketplace of Coconut Point located in Estero, Florida
Konover South purchased the property from CP Land Investments, LLC for $5,500,000 in an all-cash deal.
In making the announcement, Jeffrey Williams, Executive Vice President of Development and Construction of the Deerfield Beach, Fla.-based company, said "We couldn't be more excited than we are to have a fully approved Development Order and to be closing on this fantastic piece of property."
Williams added, "Through years of hard work and partnership with Oakbrook Properties, the Village of Estero and the North Village Association, we achieved a development plan that contained no variances, deviations, or requests for additional allowable uses or greater densities."
The Marketplace of Coconut Point sits on US-41 between Via Rapallo and Sweetwater Ranch Boulevard within Coconut Point. The new development is the last remaining commercial frontage within the Coconut Point development. With close to 50,000 SF, it will include a quick-serve restaurant with a drive thru, a full-service sit-down restaurant, a high-end coffee shop with a drive thru, and additional space over three retail buildings designed for the everyday use of all residents and convenient use by residents by Coconut Point.
Construction is expected to begin in mid-2023.
