Apartment developers pay $32.6 million for Estero property

Developers are planning a mixed-used development on a large piece of property across from Coconut Point Mall.

  • By Louis Llovio
  • | 2:20 p.m. August 31, 2022
  • | 0 Free Articles Remaining!
Apartment developer is planning a mixed-used development on a large piece of property in Estero, across from Coconut Point Mall. (Courtesy photo)
Apartment developer is planning a mixed-used development on a large piece of property in Estero, across from Coconut Point Mall. (Courtesy photo)
  • Charlotte–Lee–Collier
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Developers have bought 45.6 acres in Estero and are planning to build apartments and retail on the site.

Woodfield Development, a South Carolina developer of luxury apartments, and ELV Associates, a Boston real estate investment firm, paid $32.6 million for the site, across from Coconut Point Mall.

 

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