Thompson Thrift Retail Plans Cape Coral Development

Ryan Menard

CAPE CORAL, FL—Thompson Thrift Retail Group, a business unit of Indianapolis-based Thompson Thrift Development, has acquired 13 acres of land here. The company plans to develop a $20 million mixed-use development on the site.

The site is located at the northwest corner of Pine Island Road and Del Prado Boulevard in Cape Coral, the largest master-planned community in the US. The Pine Island Road corridor sits in the heart of Cape Coral and is a state highway that stretches more than 20 miles from Interstate 75 westward to Pine Island. On a daily average, more than 30,000 cars travel Pine Island Road, with a similar number of vehicles traveling along Del Prado Boulevard.