Projects
Bonita Foundry
Project facts
- Status
- Pre-Development
- Address
- 25211 Old 41 Rd
- City
- Bonita Springs, Florida
- Region
- Southwest Florida
- Submarket
- Naples; Bonita Springs
- Units
- 37
- Amenity tier
- Standard
- Key amenities
- RV & Boat Capable, 14'+ Roll-Up Doors, 18'+ Clear Heights, Mezzanine Capabilities, Gated Access & Security, 24/7 Owner Access
- Construction
- Tilt Wall
- Finish level
- High-Quality
- Projected delivery
- 2027
- Flood zone
- X
Location Summary
Bonita Springs / Naples; Bonita Springs Overview
The project is a planned 37-unit collection of private garage suites at 25211 Old 41 Road in Bonita Springs, sponsored by Forager Real Estate Partners and paired on the same site with four flex-commercial buildings; the sponsor anticipates delivery in the first quarter of 2027. The address sits on the Old 41 spine midway between downtown Bonita Springs and the Coconut Road waterfront, the connective tissue between the gated golf and bayfront communities west of US 41 and the newer master-planned neighborhoods east of I-75, which positions the project as the close-to-home option for owners who have outgrown the garage at the residence.
Market context is inherited from the platform's parent reports. The Naples to Bonita Springs corridor is Southwest Florida's wealth capital, and Naples to Marco Island reports per-capita income of $63,250, among the highest of any U.S. metro, sustained by Florida's absence of a personal income tax and the nation's largest net inflow of migrating income. Within the SCK portfolio the Naples; Bonita Springs submarket carries the region's highest pricing at a $560 per square foot trailing-twelve-month median across 35 sales, with 13.1 percent five-year annualized appreciation, and a buyer pool of established collectors who prioritize security, climate control, and finish over price.
Access is direct: Old 41 feeds Bonita Beach Road and the I-75 interchange to the south and Coconut Road to the north, US 41 is less than a mile west, and Southwest Florida International Airport is roughly 20 minutes northeast via I-75.
Current Events & Infrastructure
- Bonita Estero Rail Trail (BERT): Bonita Springs voters approved $35 million in general obligation bonds on August 18, 2026, by roughly 68 percent, clearing the last funding hurdle on a $60 million agreement under which the city, the Village of Estero, and Collier County will buy 180 acres, or 11.4 linear miles, of unused Seminole Gulf Railway corridor for a multiuse trail and linear park. Bonita Springs' share of the purchase is $28.6 million, with due diligence underway ahead of closing. The corridor runs north-south through Bonita Springs and Estero within a few minutes' drive of the site, the beltline-style amenity that tends to lift surrounding values and daily foot traffic.
- Elevate Southwest Florida: Construction has begun on a $140 million, roughly 20-acre sports and wellness complex on the former greyhound track site on Bonita Beach Road, about 3 miles south of the site, with indoor and outdoor athletic courts, fitness and recovery space, walking trails, and a food park, phased toward completion in 2030. For this address it adds a year-round regional destination on the site's southern approach.
Key Demand Drivers
Bonita Springs is layering new apartments, hotels, and destination amenities on top of a mature base of golf and bayfront households. Newer multifamily and attached product along the corridor offers limited parking, while seasonal owners with collector cars, boats, and second vehicles need secure, climate-controlled space that the residence and the association rules often cannot provide.
- Midtown at Bonita: The Zuckerman Group's 68-acre mixed-use district on Bonita Beach Road just east of I-75, about 10 minutes southeast of the site, pairs the delivered 400-unit Paradiso Bonita Springs apartments with roughly 200,000 square feet of retail and office and a 165-room hotel; retail leasing reached about 75 percent in August 2026, with first openings expected in the fourth quarter.
- Saltleaf Marina on Estero Bay: London Bay opened the 72-slip marina, including 10 transient public slips, on Coconut Road in June 2026 as part of its 500-acre Saltleaf waterfront village, about 10 minutes northwest of the site, adding a new boating hub for Bonita and Estero owners.
- Hertz Arena: The 7,084-seat arena on Everblades Parkway in Estero, about 4.7 miles northeast, has hosted the Florida Everblades hockey franchise since 1998 along with concerts and televised events, a steady draw along the site's I-75 corridor.
Location Highlights
- MSA Position: Bonita Springs bridges the Cape Coral to Fort Myers and Naples to Marco Island metros, two of the country's fastest-growing and highest-income coastal markets.
- Enthusiast / Collector Culture: The corridor's buyer pool skews toward established collectors, and Naples-area cars-and-coffee gatherings and Ferrari club events run through a warm, dry high season from November to April.
- Infrastructure & Recreation: The rail trail acquisition and the Elevate complex both land within a short drive, with Gulf beaches and Estero Bay boating minutes to the west.
- Market-Specific Factor: A modest one-year pricing dip of 3.7 percent against strong five-year gains reads as a mature luxury market absorbing new supply, and storm exposure keeps hardened, enclosed space a priority for owners.
- Tax & Quality of Life: Florida has no personal income tax, and property-insurance conditions have moved into active relief, with a 2026 average rate decrease filed by the state-backed insurer.
- High Net Worth Concentration: The trade area holds 2,616 households earning $200,000 or more within 3 miles, 5,753 within 5 miles, and 9,925 within 7 miles, with a 31.4 percent seasonal housing share and a 7.3 Wealth Index.
Area Demographics (ACS 2024)
5-Mile Profile: Population 55,581 | Median HH Income $105,944 | HH Earning $150K+ 32.7% | Median Age 63.6 | Age 55+ 65.5% | Seasonal Units 31.4% | Households with 3+ Vehicles 10.2% | YoY Population Growth not yet available
Wealth Index: 7.3 / 10 (SCK portfolio-relative)