Bimini East update: Demolition phase nears end
An update about the Bimini East demolition project will be presented during the Cape Coral City Council workshop Wednesday.
Among the total 47 sites, 35 have been demolished with three active. According to the presentation paperwork, 46 of the 47 structures will be demolished by mid-May with the final structure to be demolished first week of June.
A developers meeting is scheduled for early May and the city will send out Request for Proposals for purchase and development of sites by mid-June. The due date for the proposals and review is late July to early August. In August and September discussions of the proposals and interviews will be scheduled. Contracts are estimated by the end of the year.
The project began in August 2024 when an interlocal agreement was made between the South Cape Community Redevelopment Agency. The approval of the resolution by Council, which also sits as the CRA governing board, provided for the purchase of properties in the eastern portion of the CRA’s Bimini Basin District. The purchase agreement with Bimini Centre of Cape Coral, LLC and TCJBM, LLC was for $40,089,504. Two months later, in October, the city closed on the original properties.
Many of the individual sites are on Triton Court where developed parcels include duplex and five-plex units with an eight-unit building on Manor Court.
The total price for all properties is $43,221,771.08.
A contract for demolition was awarded to HONC Demolition in December 2024 and the first demo started at 4841 Atlantic Court in January 2025.
In other business, the workshop agenda also includes discussions on consolidation of parking regulations, city of Cape Coral Balance of Payments with Lee County and another Budget Development to Financial Reporting presentation.
The meeting will be held at 9 a.m., Wednesday, April 9, in City Council chambers, 1015 Cultural Park Blvd. The meeting is open to the public.