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Cape Coral, Florida
Cape Coral /ˈkɒrəl/ is a city located in Lee County, Florida, United States, on the Gulf of Mexico. Founded in 1957 and developed as a planned community, the city grew to a population of 154,305 by the year 2010.[6] The city's population estimate was 165,831 for 2013 and 189,343 for 2018. With an area of 120 square miles (310 km2), Cape Coral is the largest city between Tampa and Miami. It is a principal city in the Cape Coral – Fort Myers, Florida Metropolitan Statistical Area. The population estimate for the statistical area was 679,513 for 2014.[2] The city is known as a "Waterfront Wonderland"; with over 400 mi (640 km) of navigable waterways.
Cape Coral history began in 1957 when two brothers from Baltimore, Maryland, Leonard and Jack Rosen, flew over the peninsula known as Redfish Point, across the Caloosahatchee River near present-day Fort Myers. Cape Coral was founded as Redfish Point. Leonard and Jack Rosen, who were real-estate developers and a small group of partners, purchased a 103-square-mile (270 km2) tract known as Redfish Point for $678,000 in that year and, in 1958, began development of the city as a master-planned, pre-planned community.
The Gulf American Land Corporation (GALC), was formed to develop the area. GAC developed a marketing model that was a total departure from traditional selling methods. Approval was secured from the Lee County to master-plan the entire property into lots. Instead of listing the lots with real estate agents, GAC developed the land-sales, dinner-party model, operating from banquet rooms in local hotels. People were invited to attend by offering a free dinner for two. The model, referred to as team-selling, allowed for a well-trained team to close deals in 90 minutes. Buyers would sign a contract and agree to come to the property within six months and cancel if not satisfied. Ezio Valentini, an Italian real estate developer, joined GAC and became Director of Sales. The program was so successful that offices were opened in 24 states and an arrangement was made with an airline to charter flights to fly buyers to the property.
Instead of borrowing from banks and lenders, the developers factored the sales contracts to pay for building the infrastructure. Canals were dug, streets paved, houses and businesses built.[7] Cape Coral was promoted like no other Florida development. Celebrities were brought in to tout the benefits of "the Cape", as it is known locally. The first building in Cape Coral was the Rosens' sales office. It was built where George's Auto now stands, at Cape Coral and Coronado Pkwys.[8] Cape Coral's first permanent resident was Kenny Schwartz, the Rosens' general manager.[9] Cape Coral's first four homes were completed in May 1958, on Riverside and Flamingo Drives.[10]
Cape Coral FL - BingNews Search results
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Cape Coral man arrested after allegedly selling counterfeit fentanyl pills
A narcotics investigation led to a man's arrest after he was allegedly selling large amounts of counterfeit blue-pressed fentanyl pills in Lee County.
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Cape Coral holds groundbreaking event on Friday for all-new Festival Park
Cape Coral is getting closer to getting another park and it is filling up over 200 acres of land along Wilmington Parkway.
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Deadpool & Wolverine hits theaters as FL killer, Deadpool namesake Wade Wilson awaits sentence
Deadpool & Wolverine opens in theaters Friday. Meanwhile, in Florida, Deadpool namesake Wade Wilson, found guilty of two murders, awaits sentencing.
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Cape Coral, FL Weather Conditions
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TREES TO TOWN CENTER: 130-acre development has first hearing
Cape Coral Community Correspondent Bella Line was at the City Council meeting when they talked about the new Cape Coral Grove development.
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More Cape Coral neighbors complain about rental properties not following rules
The city said one of the three is registered as a rental in the city, but three neighbors say all three are not following the rules. On Wednesday the Cape Coral City Council will approve or deny the ...
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BUYING A HOUSE? Why a Cape Coral realtor says the market is correcting itself.
Cape Coral Community Correspondent Bella Line met with a local realtor who says the market is finally starting to correct itself and the trend is beginning to favor buyers.
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Duo Wanted On 9 Warrants Arrested For Drugs During Cape Coral Traffic Stop
A routine traffic stop early Saturday morning turned into a multiple-arrest situation after officers discovered drugs and outstanding warrants connected to the vehicle’s occupants.
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Neighbors claim residential rental properties are not following Cape Coral rules
Neighbors are accusing people who rent out vacation homes in Cape Coral of breaking the rules. They say owners are allowing guests to stay for less than a week, which is against city rules.
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Florida killer Wade Wilson faces death penalty. What to know ahead of sentencing
Wade Wilson, the Florida man found guilty of killing two Cape Coral women, is due in court in August for sentencing in the case. The jury recommended the death penalty for each of the murders on June ...
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Will Wade Wilson get death sentence? FL killer seeks new trial as death penalty decision nears
Wade Wilson, the Florida man found guilty of murdering 2 women, is seeking a new trial as his sentencing and possible death penalty is coming up.
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Cape Coral, FL
Cape Coral's cultural assets include the Historical Museum, the Art Studio, the Cape Coral Art League, and the Cultural Park Theater and Barbara B. Mann Performing Arts Hall, which features live ...