Longhorn Steakhouse is expanding to Cape Coral. The new location will be in what had been a Ruby Tuesday at 1851 NE Pine Island Road.
The building sold for $2.5 million in October 2019 and actually lost half a million in value, selling for $2 million in July 2021.
The building is currently being gutted and refurbished with the new Longhorn slated to open later this year, according to LandQwest, which handled the transaction.
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The state-of-the art, 15,000-square-foot building will allow DLC to provide timely care to community members in need.
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Cain Brothers, a division of KeyBanc Capital Markets, served as the financial adviser to AdventHealth on the transaction.
As new affordable workforce apartments are being built on undeveloped land in Collier County, the cities of Naples and Marco...
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