Cape Coral’s Premier Mixed-Use Destination
Located at 870 Southeast 47th Terrace in Cape Coral’s entertainment district, The Cove at 47th is a luxury mixed-use community that blends modern apartment living with retail, dining, and public amenities. It has become a centerpiece of downtown Cape Coral, offering residents and visitors a vibrant place to live, work, and play.
Recent Developments
First Public Parking Garage Opens!
On October 3, 2025, Cape Coral celebrated the ribbon-cutting for its first public parking garage. The two-story facility provides 125 public spaces through a partnership between the South Cape Community Redevelopment Agency (CRA) and Flaherty & Collins Properties.
Parking is available to the public with one free hour, followed by $2 for the second hour and $1 for each additional hour (up to $20). Special event parking costs $15. City officials note that the garage supports local businesses and encourages visitors to explore downtown Cape Coral.
Luxury Amenities
The Cove at 47th offers 327 apartment units, including studios, one-bedroom, and two-bedroom options with high-end finishes. Residents enjoy resort-style amenities designed for wellness, productivity, and community.
Fitness & Wellness
State-of-the-art fitness center with virtual classes
Private yoga room
Outdoor Spaces
Heated pool with lap lanes and beach entry
Rooftop Sky Terrace with sunset views
Courtyards with grilling stations and lounge areas
Bark park for dogs
Work & Community
Private offices and co-working spaces
High-speed Wi-Fi in common areas
Community lounge
Pet-Friendly Features
Pet spa and washing station
Dedicated pet play areas
In-Unit Features
Stainless steel appliances and quartz countertops
Premium wood-style vinyl flooring and LED lighting
In-unit washer and dryer
ORI Cloud Bed in select studio units
Electric vehicle charging stations
Dining & Retail
The Cove at 47th includes approximately 18,000 square feet of retail, commercial, and office space. Confirmed restaurants include:
Oak & Stone – A casual gourmet tavern with a self-pour tap wall featuring nearly 50 rotating craft options, indoor and outdoor bars, a social courtyard, and private dining. Menu highlights include artisan pizzas, Philly cheesesteak egg rolls, wings, Voodoo chicken sandwiches, and weekend brunch.
Seed & Bean Market – Opening soon, this cafe and marketplace offers CBD drinks, gourmet coffee, unique beers, and food in a welcoming community atmosphere.
Big Nick’s BBQ – Opening fall 2025, this fast-casual location will feature smoked meats, tacos, salads, and beer and wine options.
Aqua Seafood & Steaks – Expected early 2026, this fine-dining restaurant will offer Mediterranean-inspired seafood and steaks, plus a rooftop bar and nightly entertainment.
Development Team: Flaherty & Collins, Baker Barrios Architects, American Structurepoint, DeAngelis Diamond, Owen Key Construction, Huntington Bank, and Forum Investment Group.
Learn more or schedule a tour: coveat47th.com