Punta Gorda, Florida

At A Glance

This is the next generation of The Loop brand. The Great Loop – Southwest, Punta Gorda is a mixed-use development including retail, residences, offices, and a hotel. The 1.2 million square feet retail portion will be developed in a highly desirable and intimate town center setting.

The Punta Gorda trade area population is growing at a significant pace; the trade area grew over 28% from the year 2000 to an estimated 342,746 people living there today.

It is projected to grow by another nearly 15%, or 50,000 people, by 2012.

The population is a wealthy one; the three major communities making up the Loop-Punta Gorda trade area -Punta Gorda, Sarasota/Bradenton/Venice, Fort Myers/Cape Coral- are each listed in the top 25 US communities of half million dollar, million dollar and five million dollar households.

From 2004 - 2009 the Port Charlotte/Punta Gorda population is expected to grow by 11%; however the number of million dollar households is expected to grow by an incredible 67%. TNS, the global research and database firm

Punta Gorda and Charlotte County are exploding with development, both residential and commercial:
 

Residential
In the next several years there are 4000 homes slated for development located within minutes of The Loop. The largest are Lennar Communities’ Tern Bay with 1800 homes, the Bonita Bay Group’s gated Community of 1000 homes and WCL’s 900 unit development complete with a marina. To date the trade area has nearly 42,000 homes, including the 20,000 unit Babcock Ranch, permitted or under construction.

Commercial
A Wal-Mart Supercenter is under construction adjacent to The Loop site and is scheduled for opening later this year. The original Wal-Mart is slated for redevelopment as A mixed-use project.

Close by the center and in the vicinity of the Charlotte County Airport, Publix Super Markets, Florida’s largest grocery store chain, is developing a one million square foot distribution center. This is in addition to the one million square foot Wal-Mart distribution center which recently opened there. Federal Express and UPS have signed long term leases to expand their package distribution facilities. Additionally, in the same general area, an industrial park is being developed on a 370 acre parcel that stands today at over 50% leased. Downtown Punta Gorda is bustling, too, with new retailers, new retail space and a four-story mixed residential, retail and office project underway.