Developers finalize purchase of Cape Coral's Seven Islands properties

CAPE CORAL, Fla. — The City of Cape Coral has announced that developers finalized the purchase of the 'Seven Islands' properties on Wednesday evening.

• RELATED: Cape Coral City Council approves 'Seven Islands' development plan

The Cape Coral City Council unanimously approved an agreement with the developer in January.

The project will transform 47 acres alongside Old Burnt Store Road into a hub with condos, shops and restaurants.

Click here to learn more about the 'Seven Islands' project. 

Stay tuned to WINKNews.com, WINK News App, streaming, and on-air for any new developments on this story.