Forestar Real Estate Group Acquires 1,745 Acres In Cape Coral For $100 Million

The property asset involved in this transaction is a sizable land parcel spanning 1,745 acres located at 4101 Burnt Store Road in Cape Coral. The asset was sold for a total of $100,000,000. The buyer plans to develop a mixed-use project that will include up to 3,500 residential units, 425,000 square feet of retail space, and 500 hotel rooms.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $100,000,000
• Address: 4101 Burnt Store Road
• Market: Cape Coral
• Acres: 1,745
• Buyer: Anthony W. Oxley - Forestar Real Estate Group
• Brokers: Justin Thibaut & William Rollins Jr - LSI Companies

This transaction was executed by brokers Justin Thibaut and William Rollins Jr of LSI Companies, marking another major sale in Lee County. The acquisition by Forestar Real Estate Group follows significant recent transactions involving Walton Capital and Amazon, highlighting the ongoing development activity in the region.