Commercial permits in October and November 2017 totaled $3,791,452, including $725,000 for construction of additional retail space at the Shoppes at Grande Oak on Ben Hill Griffin. Also included were additional investments in remodeling stores within Coconut Point and Miromar malls, bringing the year’s total investments within the malls to nearly $8 million.

Largely due to Lee Health’s $82 million permit for Estero’s Medical Village, 2017 will be the second-best year for commercial investment in the last ten years.  (The 2014 total was greater as it included nearly $100 million for the Hertz headquarters.)

The table below compares 2017 year-to-date totals with those of the previous 17 years.

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

Sources:

For 2016 and 2017, see Village of Estero Community Development: see https://estero-fl.gov/monthly-building-reportrs/

For prior years, see Lee County Permit Reports for the “Village of Estero”:

http://www.leegov.com/dcd/reports

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