DEERFIELD BEACH, Fla. (December 29, 2023) – We are pleased to announce the acquisition of a 1.44-acre property located within Estero Town Commons today. This marks Konover’s second land acquisition this year within Estero, FL. Konover closed on a 9.6-acre tract of land earlier this year, and both projects will break ground in 2024 for retail development.

Estero Town Commons is just off Corkscrew Road and Three Oaks Parkway in Estero, Florida.

“We truly appreciate the opportunity to add value to the Village and surrounding residents and are once again delighted to be working with the Village of Estero. We couldn’t be more excited than we are to bring these first-class developments to these parcels of land that have sat vacant for too long,” said Jeffrey Williams, Executive Vice President of Development and Construction of Konover South.

In making the announcement, Jeffrey added, “After closing, we are immediately moving on to the entitlement portion of the development and will be placing all our focus on working with the Village to secure an approved Development Order within an expedited timeframe to deliver our product to the public as soon as possible.”

This parcel is an outparcel to Estero Town Commons and Lowe’s home improvement store. A lease with a national coffee user is pending. Construction is set to begin in the Summer of 2024.More than 42,765 residents, with an average household income of more than $135,195, live within a 3-mile radius of the property.

For information about leasing at Estero Town Commons, contact Konover South at 954.352.8282 and info@konoversouth.com.

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.