At a recent Estero council meeting, Indiana-based Buckingham Companies revealed their plans for a development known as Downtown Estero.

Downtown Estero Location

Buckingham Companies is excited to start the project, but said that The Village of Estero would have to approve the plans before they move forward with purchasing the property. The 5 contiguous vacant parcels are located just North of Broadway Avenue, right off U.S. 41. Totaling over 25 acres, Downtown Estero would be accessible by both U.S. 41 and Broadway Avenue East.

Potential Amenities

The parcels are currently zoned for multi-use buildings, including 310 residential units, 200,000 square feet of commercial space, 115,000 square feet of retail space, and up to 125 hotel rooms. The plans also leave plenty of green space for a public park, dog park, preserve area and huge lake!

Currently, the land is owned by CH Estero Land LP, who paid $3.3 million for all 5 lots back in 2006.

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