Estero’s October Commercial Permits Include Walmart and $30 Million More for Hertz

The value of commercial permits in Estero in October 2014 totaled $44,905,542, representing the second best month in seven years.

The total included $30 million for the Hertz office building and $13.5 million for the new Walmart being built at Rt. 41 and Estero Parkway.  Other significant investments included $.5 million for the Pollo Tropical interior in the Coconut Trace building on Rt. 41, and $.3 million for various businesses within Miromar Outlets Mall.

The following table compares October year-to-date figures with the prior fourteen years.  The $128 million shown below for 2014 year-to-date includes over $95 million for Hertz global headquarters. Even excluding Hertz and Walmart, 2014 year-to-date commercial investment is up 150% from 2013.

Source:  Lee County Permit Reports for the Estero Planning Community.  Click on the “Select the Report Type” drop down box to select “Planning Communities,” and then click on the “Select the Area” drop down box to access “Estero,” which  displays the “Estero Planning Community” Commercial reports.

Note: The building values above understate the cost of each residential and commercial building because they exclude the value of the underlying land.

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