In the Know: Aspire Apartment Living coming to Cape Coral with amenities, ambition

The 319-unit apartment complex will break ground within two months and could be…

In the Know: Aspire Apartment Living coming to Cape Coral with amenities, ambition 1

David Dorsey
 
| Fort Myers News-Press

In the Know: Aspire Apartment Living coming to Cape Coral with amenities, ambition 2

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In The Know: Aspire in Cape Coral

David Dorsey discusses Aspire; the latest apartment complex expected to break ground in Cape Coral.

Ricardo Rolón, Fort Myers News-Press

John Bucheleres, a Naples resident by way of Chicago, could not return to Southwest Florida fast enough.

“In the last four days, it’s probably snowed 24 inches in Chicago,” Bucheleres said by phone last week. “The low on Monday was below zero. The high on Monday was seven degrees. It’s time to get out of here. Time to go back.”

Like legions of others, Bucheleres has moved his primary residence to Florida. The developer and owner of Triton Capital LLC saw the supply and demand of multi-family housing in Cape Coral as intriguing. Intriguing because of the low supply and high demand.

Bucheleres partnered with Michael Arnold of the Avoda Group, also from Chicago, in planning a 319-unit apartment complex at 3514 Chiquita Boulevard South, just north of Savona Parkway.

Aspire Apartment Living will rise from an empty lot — empty except for a few trees and burrowing owl nests that will have to be relocated. Groundbreaking is slated to begin within about two months.

The first of five buildings and the 10,000-square-foot clubhouse should be ready by the end of March 2022, Bucheleres said. There will be a 3.3-acre lake in the middle with walking paths. The complex will be heavy on amenities, he said, with a fitness center, pool, Zen garden, fire pits, yoga lawn, barbecue grills and more.

There also will be plenty of parking included, but also built-in, optional garage space for renters who need extra storage.

Chiquita Apartment Investment LLC paid $4 million for the land and will spend about $58 million total in developing the complex, Bucheleres said.

Zero In Real Estate represented the buyer. Michael Price of LandQwest represented the seller.

The seller, Steve Newcom, had spent several years piecing together various parcels to create the big one. He still owns the 5.77-acre lot next door at 3410 Chiquita Blvd. S, which Price of LandQwest has listed for $2.5 million. That could be future retail or medical space to support the apartments.

Catch the Vision: Cape Coral apartment projects abounding in 2021

The Aspire complex will have five buildings with 64 units in each but one. One of the four-story buildings will have 63 units because the site, just under 20 acres, didn’t quite qualify for that 320th unit. All the apartment buildings will have elevators.

“This is really a Florida story,” Bucheleres said. “About 400,000 people moved to the state of Florida last year. That number is expected to increase. There are people saying that number could double next year.

“Cape Coral is an interesting place. It’s got a lot of opportunity and a tremendous amount of growth. It’s almost three times the size of Fort Myers. It’s a community in and of itself. I had some experience there. I realized what a special place it was, and I recognized the tremendous amount of growth.”

With the population of Cape Coral eclipsing 200,000, Bucheleres noted there were only about 1,400 Class A luxury apartment units built there.

“If you think about the supply and demand, there’s a tremendous opportunity,” he said, citing one 2018 study that said about 1,500 new apartment units were needed per year to keep up with existing demand in the Cape. “There’s a tremendous supply and demand imbalance.”

New residents with families will be able to walk their children to elementary or middle schools or Ida Baker High School. It’s roughly between Veterans and Cape Coral Parkway, giving it a prime location.

The pandemic likely has accelerated the Florida migration, Bucheleres said. With more people working from home, it also prompted him to design built-in desks into about 78% of the units.

Avalon Engineering did the engineering, and Brooks & Freund will manage construction. Forum Architecture and Interior Design out of Altamonte Springs is designing.

Monthly rents have not been finalized.

The breakdown will be 43% one-bedroom, 45% two-bedroom and 12% three-bedroom units.

“We want to deliver a better product with more amenities at the same prices,” Bucheleres said. “We can’t wait to deliver this to Cape Coral.”

Established vitamin company grows in Cape

Jim Morrissette once thrived as a Cape Coral real estate developer, creating single-family home communities under the brand M.T. Lotz. Prior to that, he built high rises in Miami.

When the bottom fell out of the real estate market in 2006, he found various new career paths. In 2014, Morrissette found one that stuck. He now presides over Premier Manufacturing Products, which makes vitamin supplements that are sold in health food stores across the country.

Those supplements are now made in the company’s relatively new headquarters and manufacturing plant at 730 and 710 NE 19th Place in Cape Coral, just south of Pondella and Pine Island roads.

The industrial buildings previously belonged to Merits USA, a medical device manufacturer that outgrew the spot and moved to Fort Myers in 2019.

More coverage: Merits USA moving soon to former Pall AeroPower building in Fort Myers, after six years of vacancy

That move opened the property for Morrissette’s CC Home Builders LLC to buy it for $3.65 million in March 2020.

“We just moved in here eight months ago,” Morrissette said. “We’re undergoing a major renovation.”

The company has grown from 17 to 85 employees, who can now be consolidated into one space.

Bio Botanical, Opulous, Nutrasynth, Atofil and Equiply Total Pharma Solutions are some of the various sub-brands that are produced at the facility.

“We’re rocking and rolling,” said Morrissette, whose company recently passed six days of FDA inspections. “The level of management of products and auspices by which we follow are extremely high. I’m very proud of the operation.”

Sports card show

Steven Palmer, a residential real estate broker, also has a passion for baseball trading cards. He once even opened a brick and mortar store in Cape Coral.

Now, Palmer is ready for the Southwest Florida Sports Card Show.

By the way: Breaking open boxes of baseball cards breaks bank for Steven Palmer of Cape Coral

The two-day event will run from 10 a.m. to 3 p.m. Saturday and Sunday, Feb. 27-28 at 71 Mid Cape Terrace in Cape Coral, units 4 and 5, just west of Santa Barbara Boulevard and south of Pine Island Road.

There will be a variety of sports card vendors selling and displaying vintage to modern collectibles.

Skyline Self Storage provides amenities

The developer behind Skyline Self Storage, built in a residential neighborhood, decided to give back to his neighbors.

John Ringland widened the road to include a bike lane and installed sidewalks.

“The kids just love it”, Ringland said in a news release. “Every day we see them riding bikes, roller skating, or walking up and down those sidewalks.  It also feels good to see the groups of school children safely walking to and from the bus.”

The facility was also designed to be covered with trees, friendly to the burrowing owls, and powered by the sun with 200 solar panels.

More than 1,800 native shrubs and trees surround the facility with the goal of providing the neighborhood with a commercial development dominated by trees, opposed to obtrusive buildings.  He also added thirteen starter burrows for the local burrowing owls. 

“During construction we had to remove several burrowing owls, so after we completed the project, we created twice as many burrows to make up for it,” said Charles Ringland, Director of Operations for Ringland Development and Skyline Self Storage. “It’s important for us to minimize our impact on the local environment while accommodating the tremendous growth this city is experiencing.”

Info: skylinestorage.space.

West Bay Club renovates

The West Bay Club, an 868-acre luxury community in Estero, just completed a $12 million renovation. The club unveiled its redesigned clubhouse. Phase Two, which includes updating the Golf Club’s Niblick bar and the Bay House activity center and fitness facility, is under way. Phase Three will include the Beach Club oceanside amenity.

Connect with this reporter: David Dorsey (Facebook), @DavidADorsey (Twitter).

In the Know: Aspire Apartment Living coming to Cape Coral with amenities, ambition 3

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