After more than two years of construction, developer Larry Nygard on Feb. 5 cut the ribbon on Bimini Square, a $125 million mixed-use project developed by his North Dakota-based Crown Development along Cape Coral Boulevard.
The development includes 218 residences, a health clinic, restaurants that are set to open soon and a marina. City officials, who approved $7 million in tax-increment financing for the project, hailed Bimini Square as a key addition to the growing South Cape entertainment district.
“One thing that I always try to decide when I’m looking at all these projects: Is it going to make our city better tomorrow than it is today?” Cape Coral Mayor John Gunter said during remarks before the ribbon cutting. “And this project definitely does that.”
Bimini Square anchors the South Cape entertainment district along Cape Coral Boulevard in Cape Coral. The $125 million mixed-use development includes apartments, retail and dining space, a marina and a Lee Health primary care clinic.
Evan Williams
Nygard said he expects the apartments to fill despite a softening real estate market and a growing supply of multifamily housing in the region.
“You know in today’s market if you’re getting above 90% (occupancy) you’re probably happy,” he said. “And we think that’ll take us a year.”
For Nygard, the ceremony marked a milestone, even as construction continues on the marina and two restaurants.
Cape Coral Mayor John Gunter delivers remarks during the opening ceremony for Bimini Square, reflecting on the project’s completion after more than two years of construction.
Evan Williams
“It’s a huge relief,” he said. “It’s kind of an adrenaline rush to get to this point.”
The event drew Nygard’s family, development partners and investors, city officials, brokers, economic and tourism leaders, residents and members of the media. Guests gathered in Bimini Square’s courtyard for music, hors d’oeuvres and champagne before touring the property, including a rooftop infinity pool overlooking the city.
According to Bimini Square’s website, apartment rents range from $1,640 for a 540-square-foot studio to $3,939 for a 1,467-square-foot, two-bedroom, two-bath unit. Amenities include a fitness center, dog spa and park and a six-story parking garage. Bimini Basin Seafood & Cocktails and House of Omelets are expected to open soon.
Lee Health became the project’s first tenant last fall, offering on-site primary care services.
“What makes Bimini Square different is that it brings multiple services together in one location, making care easier to navigate for patients and for families,” said Lee Health Chief Operating Officer Ben Spence.
Resident Anthony Churlin poses near the rooftop infinity pool at Bimini Square, which offers sweeping views of Cape Coral. The amenity is part of the project’s residential offerings.
Evan Williams
A small number of residents, whom Nygard described as “pioneers,” have already moved into the development.
Cape Coral real estate professional Anthony Churlin, 28, attended the opening.
“I love it,” Churlin said of his new home, calling Bimini Square “a step in the right direction” for Southwest Florida development.
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Developer Larry Nygard cuts the ribbon Feb. 5 during the official opening of Bimini Square along Cape Coral Boulevard, joined by city officials, investors and community leaders.
Traffic moves past Bimini Square at Cape Coral Boulevard as the $125 million development officially opens. City leaders have cited the project as a key addition to the South Cape entertainment district.
Cape Coral Mayor John Gunter delivers remarks during the opening ceremony for Bimini Square, reflecting on the project’s completion after more than two years of construction.
Developer Larry Nygard cuts the ribbon Feb. 5 during the official opening of Bimini Square along Cape Coral Boulevard, joined by city officials, investors and community leaders.
A bathroom inside a Bimini Square apartment reflects the development’s modern residential finishes. The project is now leasing in Cape Coral’s South Cape district.
A model apartment at Bimini Square features an open-concept kitchen and living area, part of the 218-unit residential component of the $125 million mixed-use development in Cape Coral’s South Cape district.
Developer Larry Nygard delivers remarks during the opening ceremony for Bimini Square, reflecting on the project’s completion after more than two years of construction.
Guests explore the rooftop pool deck during the Bimini Square grand opening. The development includes multiple amenities designed for residents and visitors.
Bimini Square anchors the South Cape entertainment district along Cape Coral Boulevard in Cape Coral. The $125 million mixed-use development includes apartments, retail and dining space, a marina and a Lee Health primary care clinic.
Champagne is served during the grand opening celebration at Bimini Square in Cape Coral. Guests toured the property following the ribbon-cutting ceremony.
Construction crews work on the marina at Bimini Square as other portions of the development open to the public. The marina is still under development.
A rooftop infinity pool overlooks Cape Coral at Bimini Square. The amenity is part of the $125 million mixed-use development that opened Feb. 5.
Living space inside a Bimini Square apartment highlights the project’s contemporary design and amenities. The development includes 218 residential units.
Living space inside a Bimini Square apartment highlights the project’s contemporary design and amenities. The development includes 218 residential units.
Resident Anthony Churlin poses near the rooftop infinity pool at Bimini Square, which offers sweeping views of Cape Coral. The amenity is part of the project’s residential offerings.
Developer Larry Nygard cuts the ribbon Feb. 5 during the official opening of Bimini Square along Cape Coral Boulevard, joined by city officials, investors and community leaders.
Traffic moves past Bimini Square at Cape Coral Boulevard as the $125 million development officially opens. City leaders have cited the project as a key addition to the South Cape entertainment district.
Cape Coral Mayor John Gunter delivers remarks during the opening ceremony for Bimini Square, reflecting on the project’s completion after more than two years of construction.
Developer Larry Nygard cuts the ribbon Feb. 5 during the official opening of Bimini Square along Cape Coral Boulevard, joined by city officials, investors and community leaders.
A bathroom inside a Bimini Square apartment reflects the development’s modern residential finishes. The project is now leasing in Cape Coral’s South Cape district.
A model apartment at Bimini Square features an open-concept kitchen and living area, part of the 218-unit residential component of the $125 million mixed-use development in Cape Coral’s South Cape district.
Developer Larry Nygard delivers remarks during the opening ceremony for Bimini Square, reflecting on the project’s completion after more than two years of construction.
Guests explore the rooftop pool deck during the Bimini Square grand opening. The development includes multiple amenities designed for residents and visitors.
Bimini Square anchors the South Cape entertainment district along Cape Coral Boulevard in Cape Coral. The $125 million mixed-use development includes apartments, retail and dining space, a marina and a Lee Health primary care clinic.
Champagne is served during the grand opening celebration at Bimini Square in Cape Coral. Guests toured the property following the ribbon-cutting ceremony.
Construction crews work on the marina at Bimini Square as other portions of the development open to the public. The marina is still under development.
A rooftop infinity pool overlooks Cape Coral at Bimini Square. The amenity is part of the $125 million mixed-use development that opened Feb. 5.
Living space inside a Bimini Square apartment highlights the project’s contemporary design and amenities. The development includes 218 residential units.
Living space inside a Bimini Square apartment highlights the project’s contemporary design and amenities. The development includes 218 residential units.
Resident Anthony Churlin poses near the rooftop infinity pool at Bimini Square, which offers sweeping views of Cape Coral. The amenity is part of the project’s residential offerings.