Additional multi-family apartments are coming to Cape Coral.

The design for the 96-unit “Owl’s Nest” multi-family apartment complex has been finalized by MK Architecture and includes 4-story apartment buildings and a 2-story 6,000-square-foot clubhouse that features a conference room, fitness center, kitchen, balcony, large pool and deck.

Apartments are configured in one-, two- and three-bedroom units ranging between 731 to 1,148-square-feet.

The property is owned and will be developed by New Yorker John Fazio of Fazio Construction Group and is to range from 233 to 309 Hancock Bridge Parkway.

“The word is out across the Northeast and Midwest that the Cape is the place to invest,” said Cape Coral Economic Development Manager Ricardo Noguera. “Whether it is light industry, retail, mixed-use or multi-family, out of state developers continue to flock to the Cape where vacancy rates for multi-family developments are in the single digits. Opportunities abound in the South Cape where financial incentives are available as well as along major north-south corridors like Chiquita, Santa Barbara and Skyline Boulevard.”

MK Architecture President Mike Sheeley has been in Southwest Florida for more than 35 years and has designed thousands of residential units in the area. When it comes to the Owl’s Nest, Sheeley said “We were looking for a transitional design, that brings in contemporary architectural elements into traditional building forms and materials, to bring a modern, upscale feel to Cape Coral.”

Sheeley thinks the addition of the complex is needed in a rapidly growing Cape Coral.

“Our client is committed to providing smaller and more affordable units, which are badly needed in the North Cape,” he said. “We think this project will fill a void, by providing quality residential housing with amenities, and to create a sense of community in Cape Coral. So much of Cape Coral rental housing is made up of small duplexes and triplexes, we think that creating communities, where neighbors know each other in a safe and secure environment, is important.

“The buildings will have all of the latest building features, designed for major hurricanes, will be highly energy efficient and will be fully fire spinklered.”

The project is currently in permitting review with the city and expects to break ground in early 2021.

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