Groundbreaking Begins on $120M Luxury Rental Oasis in Cape Coral

$120M Luxury Rental Community Coming to Cape Coral

Exciting news for real estate enthusiasts and potential renters alike as Shoreham Capital, Bridge Investment Group, and Wynkoop Financial have officially begun construction on a new high-end rental community in Cape Coral, Florida. Named Siesta Lakes, this ambitious project is set to inject a fresh wave of luxury living options into the local real estate market.

Investing in Opportunity

The partnership has invested a significant $11.5 million in a 26-acre property located in an Opportunity Zone in the heart of Cape Coral, just a stone's throw from Fort Myers. This strategic location, coupled with a $66 million construction loan, sets the stage for a project that is expected to cost a total of $120 million.

What to Expect from Siesta Lakes

Siesta Lakes promises to deliver a 412-unit Class-A rental community, offering residents a taste of luxury living with private balconies overlooking a serene private lagoon. The project has been entrusted to Curran Young Construction, a reputable general contractor known for their quality work. If all goes according to plan, the community should be ready for residents by the second quarter of 2025.

Shoreham Capital's Vision

Shoreham Capital is no stranger to ambitious real estate projects. The firm focuses on value-add opportunities, ground-up rental developments, adaptive reuse, and residential alternatives. Their reach spans across the Sun Belt and East Coast regions of the United States, and Siesta Lakes is set to be another feather in their cap.

With this groundbreaking, the future of Cape Coral's real estate landscape looks brighter than ever. Whether you're a prospective homeowner, a real estate investor, or just interested in industry trends, Siesta Lakes is definitely a project to keep an eye on.

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Discover the groundbreaking news about Siesta Lakes, a $120M luxury rental community in Cape Coral. Learn about the project's details, the vision behind it, and what it means for the local real estate market.