Thursday, September 19, 2013

new businesses coming to Cape Coral

CAPE CORAL, Fla. - A business planning to develop on the other side of the so-called "dead end" Hancock Bridge Parkway is expected to breathe new life into the city of Cape Coral.

That new business is going to be a Sam's Club, and the first for Cape Coral.
 
Sam's Club has considered Cape Coral, and this very location for years, according to the city's economic development director Dana Brunett.
When the economy slumped years ago, the membership-only retail warehouse giant pulled back. But he says things are moving once again.
"More people are coming back, buying homes, so now we're getting on track and with that comes the commerce. Sam's Club understands this is a good market," Brunett said.
He says Sam's Club is hoping to finish its approval process with the city by the end of 2013.
Construction could begin early 2014.  Some residents are pleased. "To attract much more businesses, so that the taxpayers of the city do not have to take the brunt of all the expenses that come with paying taxes," said resident Carlos Espendez.
Sam's Club will create an estimated 200 jobs.
It's not the only big development coming to the city.  A Wawa is scheduled to be built near the intersection of Pine Island Road and Del Prado Boulevard.
A super Walmart is slated for the northwest.
There are smaller parcels of land surrounding the Sam's Club site. City officials believe it will encourage other businesses to develop around it.

 

 

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There are still plenty of Florida Vacation Homes  in Cape Coral for great rates available compared to other cities in SW Florida.

 


Cape Coral Florida
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1136 N.E. Pine Island Rd. Ste.#14

Cape Coral, FL 33909

 

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1136 N.E. Pine Island Rd. Ste.#14

Cape Coral, FL 33909

 

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Wednesday, September 18, 2013

Cape Coral-Fort Myers area was identified as the second best market in the country for new job growth

This week, the Cape Coral-Fort Myers area was identified as the second best market in the country for new job growth in the fall by Forbes magazine.  This is the second time this year that we've received this designation, which only emphasizes what those of us in Southwest Florida already knew.  We're coming back in a big way from the grips of the economic downturn.

 

We can see signs of recovery everywhere.  New model homes are being built, new homes are under construction, foreclosure rates are declining and new retail ventures are underway or on their way to Cape Coral.  As we see the likes of Sam's Club, Wawa, Culver's, Jimmy John's and Starbucks looking to locate in Cape Coral, it's easy to see that we are a city on the rise. We have a long way to go, but getting our commercial development underway again will bring additional development.  This usually comes in the form of larger office, medical or light assembly operations which provide more desirable wages and benefits. 
 

The Cape Coral community is also holding out hope for a positive announcement from Hertz that could bring 250 new jobs to the Cape.  Those of us at City Hall very much want Hertz to locate here and City Council unanimously approved an incentive package to encourage them to do so.  We also hope that these types of opportunities will be more commonplace here in our near future.  Keep up the positive thoughts and remember, BE AN AMBASSADOR FOR CAPE CORAL!

 

 

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There are still plenty of Florida Vacation Homes  in Cape Coral for great rates available compared to other cities in SW Florida.

 


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Ph# for Juergen Hahn: 1-239-634-6677
Office: 1-239-298-9264
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1136 N.E. Pine Island Rd. Ste.#14

Cape Coral, FL 33909

 

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Del Prado Realty, LLC

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1136 N.E. Pine Island Rd. Ste.#14

Cape Coral, FL 33909

 

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Wednesday, September 4, 2013

Homebuilders face rising lot prices

Homebuilders face rising lot prices

WASHINGTON – Sept. 4, 2013 – New homes could get more expensive in the coming months as a shortage of suitable lots drives up builders’ costs.

In 27 leading markets, the average price of a finished lot ready for building was up 40 percent in the second quarter from a year ago, according to John Burns Real Estate Consulting.

Even steeper increases have hit some markets that have also seen strong gains in home values and demand. Year over year, finished lot values were up 87 percent in San Francisco and Oakland, 75 percent in Atlanta and 70 percent in Las Vegas. The big jumps are “making up for lost ground” during the housing downturn, says David Crowe, chief economist for the National Association of Home Builders.

The higher lot prices may foreshadow higher home prices months from now. Finished lot prices represent almost 22 percent of a new home’s price, Crowe says. Finished lot prices there were up 65 percent in the second quarter from a year ago.

Bigger homes are coming along with higher land and lot prices. The average size of a new home hit a record 2,642-square-feet in the second quarter, the Census Bureau says. Some first-time buyers have dropped out of the new-home market because of rising interest rates, Webb says. That means repeat buyers, who are financially better off, make up more of the market, and they want to move into larger homes.

Lot prices have risen fast because of their limited supply, especially in popular neighborhoods, and strengthening demand for new homes. July new-home sales, while down 13.4 percent from June, were still almost 7 percent higher than last year, the Commerce Department says.

Meanwhile, few lots were developed during the home-building downturn that began in 2006. When housing started to pick up, builders got caught short.

“There’s been a big jump in demand for something in scarce supply,” says Jody Kahn, vice president with John Burns Real Estate Consulting.

Prices for raw land – which will turn into finished lots months or years from now – have also soared in many markets. Since late 2012, raw land prices in parts of Las Vegas have more than doubled, says Dennis Smith, CEO of the Las Vegas-based Home Builders Research. Land prices have also doubled in Phoenix since that market bottomed in 2010, says land broker Nate Nathan.

Finished lot prices in Dallas, Houston and Austin have rebounded past their 2005-2007 peaks, Burns’ data show. All three cities saw job growth of 3 percent or more, vs. 1.7 percent nationally, in the 12 months through June.

Crowe doesn’t expect lot prices to keep growing at their current pace. As developers and builders refill the pipeline, price gains will slow. “This year is the big bump,” Kahn says.

Copyright © USA TODAY 2013

 

 

 

 

 

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There are still plenty of Florida Vacation Homes  in Cape Coral for great rates available compared to other cities in SW Florida.

 


Cape Coral Florida
Download our Android App to search properties

 

Ph# for Juergen Hahn: 1-239-634-6677
Office: 1-239-298-9264
Fax: 1-800-976-6499

 

1136 N.E. Pine Island Rd. Ste.#14

Cape Coral, FL 33909

 

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Del Prado Realty, LLC

lic. real estate company

www.floridacapecoral.info

www.floridacapecoralrealestate.com

www.capecoralflorida.de

www.vacationrent.info

 

 

see us on German TV

http://www.zdf.floridacapecoral.info/zdf.wmv

 

Download our Android App to search properties

 

 

Ph# for Juergen Hahn: 1-239-634-6677
Office: 1-239-298-9264
Fax: 1-800-976-6499

 

1136 N.E. Pine Island Rd. Ste.#14

Cape Coral, FL 33909

 

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