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FRP and Woodfield start first phase of Coconut Road mixed-use in Estero

Developers plan about 296 apartments and 30,000 square feet of retail in the first phase, targeting delivery of initial units in Q3 2027.

Reported · Written up by our desk · Industry

FRP Development Corp and Woodfield Development have begun construction on the first phase of their Coconut Road mixed-use project in Estero, Florida, at 23281 Lyden Drive, across from Coconut Point, according to ConnectCRE.

The initial phase is planned to add approximately 296 apartment homes in a mix of three- and four-story residential buildings, along with about 30,000 square feet of retail space.

ConnectCRE said the project is designed by Dover Kohl & Partners and will be built by general contractor Brooks & Freund, with Humphreys & Partners Architects and interior design firm ID & Design International supporting the work.

FRP and Woodfield secured an $81.5 million construction loan from Santander Bank for the first phase, and the developers anticipate initial residential units will deliver in the third quarter of 2027.

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