On November 6, nationally known consultants Seth Harry and Associates, Inc., and Peloton Research Partners met with Estero community leaders and the owners of vacant properties in Estero’s commercial corridors to discuss the consultants’ recently completed market assessment and how it can be used to plan for the future development of Estero.
The study was initiated to help the Estero community, its committees and property owners understand how the regional and local residential and commercial real estate markets have changed during the recession and will impact the development of the community over the next 10 to 20 years.
The study identifies three areas of opportunity where the community, major institutions and the landowners should consider working together to achieve community and developer goals.
- The Town Center area, located around the intersection of US41 and Corkscrew Road including the Estero Community Park and the Koreshan State Park and buttressed by the New Hertz Corporation Headquarters on its southern edge,
- A Medical Village surrounding the Lee Memorial Hospital site which is located just south of the Coconut Point Town Center, and
- A University Village consisting of a number of vacant and partially vacant developments close to rapidly growing Florida Gulf Coast University.
A Steering Committee, representing Estero’s major community organizations, reached out to the owners of all of the large vacant properties to invite them to participate in the November 6 Workshop and to assure them that the community is seeking to form a partnership with them that will enhance the value of their property, speed up the development process and maintain Estero’s high standards.
This proactive planning effort will build upon the major investment projects that will be underway by year end in Estero, including Hertz’s International Headquarters, a new Wal-Mart at US 41 and Estero Parkway and a Family Health Center, now under construction next to The Vines community.