Estero’s May & June Commercial Permits Accelerate

In May and June of 2018, the value of Estero’s commercial permits totaled $18,494,797. This more than doubled the total commercial investment in the first four months of the year.  Major investments included: $9.6 million at Pelican Sound to remodel the clubhouse and build a new racquet club, $2.0 million for a dialysis facility in Corkscrew Palms, $1.2 million for Genova’s clubhouse and other infrastructure costs, $1.2 million for a new Chase Bank in University Highland, and $1.2 million for remodeling by tenants within Coconut Point Mall.

For comparison purposes, last year’s first half-year figure shown below ($104 million) includes an $82 million permit for the Lee Health — Coconut Point health and wellness campus.  Excluding the 2017 Lee permit, new investments thus far in 2018, exceed the mid-year figures for both 2016 and 2017.

The table below compares 2018 year-to-date totals with those of the previous 18 years:

commercial

Note: The building values above exclude the value of the underlying land.

Sources

  1. For 2016 through 2018, see Village of Estero Community Development: https://estero-fl.gov/monthly-building-reportrs
  2. For prior years, see Lee County Permit Reports for the Village of Estero: http://www.leegov.com/dcd/reports

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