Cape Coral’s Premier Mixed-Use Destination<\/p>\n
Located at 870 Southeast 47th Terrace in Cape Coral\u2019s 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.<\/p>\n
Recent Developments<\/p>\n
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.<\/p>\n
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.<\/p>\n
Luxury Amenities<\/p>\n
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.<\/p>\n
Fitness & Wellness<\/p>\n
State-of-the-art fitness center with virtual classes
\nPrivate yoga room<\/p>\n
Outdoor Spaces<\/p>\n
Heated pool with lap lanes and beach entry
\nRooftop Sky Terrace with sunset views
\nCourtyards with grilling stations and lounge areas
\nBark park for dogs<\/p>\n
Work & Community<\/p>\n
Private offices and co-working spaces
\nHigh-speed Wi-Fi in common areas
\nCommunity lounge<\/p>\n
Pet-Friendly Features<\/p>\n
Pet spa and washing station
\nDedicated pet play areas<\/p>\n
In-Unit Features<\/p>\n
Stainless steel appliances and quartz countertops
\nPremium wood-style vinyl flooring and LED lighting
\nIn-unit washer and dryer
\nORI Cloud Bed in select studio units
\nElectric vehicle charging stations<\/p>\n
Dining & Retail<\/p>\n
The Cove at 47th includes approximately 18,000 square feet of retail, commercial, and office space. Confirmed restaurants include:<\/p>\n
Oak & Stone \u2013 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.
\nSeed & Bean Market \u2013 Opening soon, this cafe and marketplace offers CBD drinks, gourmet coffee, unique beers, and food in a welcoming community atmosphere.
\nBig Nick\u2019s BBQ \u2013 Opening fall 2025, this fast-casual location will feature smoked meats, tacos, salads, and beer and wine options.
\nAqua Seafood & Steaks \u2013 Expected early 2026, this fine-dining restaurant will offer Mediterranean-inspired seafood and steaks, plus a rooftop bar and nightly entertainment.<\/p>\n
Development Team: Flaherty & Collins, Baker Barrios Architects, American Structurepoint, DeAngelis Diamond, Owen Key Construction, Huntington Bank, and Forum Investment Group.<\/p>\n