A parcel of land just south of the Daniels Parkway and Six Mile Cypress intersection sold for $1.5 million. Stock Development bought it on Dec. 29.
Keith Gelder, president of Stock Luxury Apartment Living, said this particular parcel won’t be apartments. But it will be a high-end restaurant.
Gelder didn’t want to divulge the name yet, as it’s going through the permitting process. But it’s a growing national chain that has yet to appear in Lee County.
Stock Development also is developing Estero Crossing, a 306-unit apartment complex with 40,000 square feet of retail and restaurants off Corkscrew Road, just west of Interstate 75.
“We’re making great progress there,” Gelder said.
The development timetable for the land off Six Mile Cypress could be by the end of the year for groundbreaking, depending on the permitting process, Gelder said. The land is vacant and full of brush and weeds and would need to be filled and prepped for construction. It’s fronting the shopping center anchored by a Publix, and it’s just north of the Lee County Sports Complex, spring training home of the Minnesota Twins.
“We’re expanding the retail part of the market with some of our preferred tenants,” Gelder said. “The Daniels Corridor continues to expand. The Whole Foods center is doing really well. It’s going to attract a lot of synergetic uses to it. This is going to be a one-off property that we’re developing for a preferred client.”