D.R. Horton’s Southwest Florida division invites the public to learn more about the company’s proposed development of the former 175-acre Cape Golf Club by visiting its website at ThePalmsofCapeCoral.com.
Consisting of single-family homes and 49 percent green space, the proposed community of The Palms of Cape Coral provides a solution to the growing housing demands in Cape Coral by developing property that has been vacant for a decade. The website was created to provide information on the proposed project and its developments, as well as offer a platform to answer questions and minimize misinformation.
As Forbes’ No. 1 fastest growing city, Cape Coral experienced a population growth of 3.39 percent in 2016 and is projected to surpass that in 2017 at a rate of 3.61 percent. The need for housing has increased proportionally; however, the demand is currently outpacing supply, especially in the south Cape, which is most desirable for commuters.
According to a paid study by the City of Cape Coral, the best use of the former 175-acre property is for single-family homes. The Cape Coral Planning and Zoning Commission recently voted to recommend denying a petition requesting to change the future land use of the old golf course from parks and recreation to single-family residential.
D.R. Horton Division President Jonathon Pentecost responded, “While we’re disappointed that the zoning panel did not approve our request, we are confident The Palms of Cape Coral is compatible with the surrounding homes, substantially improves property values in this area and increases much-needed tax roll revenue without any burden to the tax payers in the City. Further, D.R. Horton strongly believes that The Palms of Cape Coral community bolsters the lacking new home inventory in Cape Coral and will generate jobs in the area along with supporting the local businesses along Cape Coral Parkway and the future Bimini Basin with the additional residents who are seeking this location.”
D.R. Horton seeks to develop a high-quality residential community that respects the historical nature of the property and is currently meeting with interested stakeholders regarding its designation within the Community Redevelopment Agency (CRA) and the limited funding available for public land expansion.
D.R. Horton, “America’s Builder,” has been building families beautiful homes in desirable locations for more than 35 years. America’s largest homebuilder for fifteen years in a row by volume, D.R. Horton has built more than 585,000 homes with quality, functionality, value and style in mind. For more information about D.R. Horton’s Southwest Florida division, please visit www.DRHorton.com/swfla. D.R. Horton is an equal housing opportunity builder.