City seeking developer proposals for Bimini Basin East redevelopment
Bimini East held an open house for developers on June 24, 2025. At the event, the city shared its vision for the location and the current and future stages of its process. CITY OF CAPE CORAL
Binini East location in the South Cape CRA.
Bimini East
Bimini East held an open house for developers on June 24, 2025. At the event, the city shared its vision for the location and the current and future stages of its process. CITY OF CAPE CORAL
Binini East location in the South Cape CRA.
Bimini East
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Bimini-East-Developer-Open-House-Presentation
The city of Cape Coral is seeking proposals for Bimini Basin East, a hoped-for multi-use development project to be built on city-owned acreage in the South Cape.
"The City of Cape Coral is seeking proposals from interested and qualified firms experienced in Florida to redevelop Bimini Basin East, which comprises approximately 22 acres bounded by Cape Coral Parkway, Coronado Parkway, and Tarpon Court. This recently-cleared site is a major opportunity in the City's South Cape Community Redevelopment Area (CRA)," a release from the city issued Tuesday states.
The city and the South Cape Community Redevelopment Agency invested approximately $43,416,872 in acquisition costs for the various parcels in the project area, and $1,521,648 for demolition costs to clear existing buildings for re-development.
The total investment, as of June, was $45,021,290.
The site is now ready for project proposals which the city hopes will embody "the ultimate combination of a live-work-play lifestyle."
A boutique hotel or craft brewery, observation tower, boardwalk, parking garage, retail, office, mixed-use residential and a possible marina are among the city-presented possibilities as is a pedestrian bridge over Cape Coral Parkway, according to an open house for developers held in June.
Discussion among existing South Cape business has included relocating Four Freedoms Park, which sits on three-plus acres on Bimini Basin, offering direct access to the Caloosahatchee River. Project renditions include an off-water "central park" relocation.
Proposals will be accepted electronically until Oct. 30 at 3 p.m. Developers may submit a proposal, at CapeCoral.ionwave.net. The presentation may be found at https://cms4files.revize.com/capecoralfl/CRA/Bimini-East-Developer-Open-House-Presentation.pdf?t=202507020949210&t=202507020949210
Proposals will be accepted electronically until Oct. 30 at 3 p.m. Developers may submit a proposal, at CapeCoral.ionwave.net.
The city included a project at-a-glance in the release issued Tuesday:
Why Bimini East?
• Zoned Mixed-Use Bimini
• Max Density: 125 dwelling units per acre
• Max Height: 12 stories or 160 feet
• Prime Location: Over 51,000 daily vehicle trips; projected to reach 70,500 by 2045
• Saltwater access with boating to the Gulf
• Part of the South Cape Community Development Redevelopment Agency
• Served by City utilities
• Positioned in one of Florida's fastest-growing cities (current population: 224,455; projected: 375,000 by 2050)
Development Vision
The city's vision for Bimini Basin East supports the creation of a vibrant, walkable district that includes:
• Mixed-use buildings with ground-floor retail and upper-level residential or hospitality uses
• Architectural styles and residential formats that reflect the evolving character and lifestyle appeal of the South Cape
• Public gathering areas, outdoor dining, and art-enhanced streetscapes
• Strong pedestrian connections to Bimini Basin, The Cove at 47th, and Bimini Square
Additional information about the Bimini Basin East project is available online at https://www.capecoral.gov/edo/bimini_basin_east.php