Victory Park – Cape Coral
Overview
Victory Park is a large-scale private master-planned mixed-use development in northeast Cape Coral, focused on veterans and economic growth. Located adjacent to the VA Healthcare Center (near Diplomat Parkway East and NE 24th Avenue), it represents significant private investment in the city.
- Developer: Blue Waters Development Group
- Size: 140-acre commercial core within a larger ~260-acre master-planned community
- CDD: Victory Park Community Development District (formed 2023) handles infrastructure financing and maintenance
Overall Plan & Vision
Victory Park aims to create a veteran-centric hub for living, working, and services with walkable, sustainable design:
- Walkable streets, bike paths, green spaces, and conservation areas
- Focus on medical/veteran services, job creation (healthcare, cybersecurity, entrepreneurship), housing, retail, and education
Economic Impact (projected):
- Approximately 1,100 new jobs in Lee County.
- Workforce training programs in healthcare, cybersecurity, and entrepreneurship.
- Boost to local economy through construction, ongoing operations, and tax base growth.
Key Components:
- 125-room Wyndham Garden Hotel (early phase)
- Housing: 308 garden-style apartments + 112 townhouses
- Commercial/Office: ~568,000 sq ft
- Light Industrial/Warehouse: 264,000 sq ft
- Retail: ~25,800 sq ft
- Education: ~228,000 sq ft post-secondary space
Costs & Funding
- Infrastructure: ~$37 million for roads, water/sewer, sidewalks, and public access improvements
- State Grant: City of Cape Coral received ~$4 million from the Florida Job Growth Grant Fund (reimbursable) to support public infrastructure
- Financing: Primarily private + CDD bonds/assessments paid by property owners in the district (not general city taxpayers)
- Projected Economic Impact: ~1,100 new jobs; workforce training programs
Current Status (as of 2025–2026)
- Infrastructure permitting and planning ongoing
- Grant requires construction start by April 2025
- Phased development with pre-leasing for commercial/medical space
- City Council has reviewed and supported aspects of the project
Victory Park highlights opportunities for smart, veteran-focused growth in Cape Coral and a development that creates jobs and serves residents while ensuring infrastructure costs are managed transparently and do not burden existing taxpayers.
Sources: Blue Waters Development Group, City of Cape Coral, Florida Job Growth Grant Fund reports, local news (Gulf Coast News, News-Press).