Cape Coral City Council discussing future of the Seven Islands project

A hotel, homes and a marina could take over land in Southwest Florida’s largest city. The Seven Islands acreage in northwest Cape Coral is being discussed by the city council Wednesday night.

If Cape Coral City Council gives the go-ahead for the project, construction can begin on the islands.

The developer, Forest Development, said it could take 10 years to complete the Seven Islands project.

The back and forth on what to do with the 48 acres in northwest Cape Coral along Burnt Store Road goes back to 2015.

Cape’s committee is the latest to debate the development. During its presentation on Wednesday afternoon, the developer said he is confident this project will bring more people to the city.

“This project is going to generate over the life over 10,000 jobs, in terms of the construction and development, the project’s investment is estimated to be just under two 3rds of a billion dollars, and the economic impact of that is probably approaching close to $2 billion over that period of time,” said the developer.

“I think it’s going to be a fabulous project when it’s completed. For the next 10 years, I look forward to the project moving along accordingly like you have lined in your chart here. I think at the end we will have a phenomenal destination vacation for not only residents but for visitors in our city,” said Cape Coral Mayor John Gunter.

If the council decides to move forward, the Seven Islands property will need to be declared surplus real estate.