Coral Lakes clean-up

Developer to demo 40 new homes A plan is now in place to save the Coral Lakes project in Northeast Cape Coral that was shutdown last month by the City of Cape Coral. Developer Transeastern Homes will demolish about 40 newly built homes to fix the soil problems at the 370 acre, 1000 home site. Currently, Transeastern has contracts on about 550 of the homes to be built at the site. Although it has not been reported, I wonder how high the fallout rate will be on this project particularly with completion dates slipping. The exploding Gator Circle neighborhood directly north of this project presents an inviting alternative to potential homeowners. Coral Lakes homes, soil to be replaced [News-Press]

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