DEERFIELD BEACH, Fla. (January 5, 2024) – Konover South is pleased to announce that construction started at Marketplace of Coconut Point, a 9.6-acre tract in Estero, FL, which represents the last remaining commercial frontage within the Coconut Point Development, on January 2nd.
Located along the east side of S. Tamiami Trail and US 41, the property has excellent visibility and accessibility. Leases have already been signed with Miller Ale House, McDonald’s and Noire the Nail Bar.
“We are very proud to bring this high-end development that addresses everyday needs to Estero and compliments the already magnificent shopping experience within Coconut Point. The available space within our development is going quickly, but we currently have several amazing opportunities available,” said Jeffrey Williams, Executive Vice President of Development and Construction of Konover South.
He added, “It’s a great opportunity to join the rest of Coconut Point’s 1.5 million square feet of retail and have direct frontage along US 41.”
Tamiami Trail offers in excess of 56,000 cars per day, and the surrounding market has an average household income of more than $109,303.
Additional space is available for high-end coffee users, restaurants with outdoor seating, specialty desserts, family and specialized medical services, and boutique retail spaces.
GCG Construction is the contractor, and construction is expected to be completed by December 2024.
Marketplace of Coconut Point was the first of two acquisitions in Estero for Konover South in 2023. The other was the acquisition of a 1.44-acre property located within Estero Town Commons, as announced on December 29th.
For lease information about Marketplace of Coconut Point, contact Konover South at 954.352.8282 or email@example.com. Click here to view the brochure.
At the helm as CEO of Konover South since 2010, David Coppa has transformed the venerable 62-year-old family business into a recognized leader in retail infill ground-up centers, primarily in Florida’s core markets. Coppa is now in his 20th year in the family business begun by the legendary Simon Konover in 1957.
Built on a legacy of family tradition spanning three generations, Konover South continues the successful track record of The Simon Konover Organization, an industry-leading real estate company since 1957. Konover South is a fully integrated acquisition, development and management company operating throughout the southeastern United States. Led by David Coppa, CEO, Konover South LLC is headquartered at 431 Fairway Drive, Deerfield Beach, Fla., phone 954-354-8282. Visit the company’s website at www.konoversouth.com.