Phase III Construction Continuing to Progress as Planned at Naples Square

The Ronto Group reported construction of the Phase III building at Naples Square is progressing as planned and on schedule for completion in spring 2019. Concrete for the fourth floor has been poured. Installation of the rough electrical wiring and plumbing is underway and forming of the first elevated sections of the building’s east half has started. Situated at 5th Avenue South and Goodlette-Frank Road, Naples Square’s walkable lifestyle and the availability of one and two-story, two and three-bedroom plus den floor plans with open-concept living areas and open-air terraces have transformed how people live downtown. Eight Phase III one and two-story floor plans from 1,460 to 3,238 square feet under air are base-priced from $750,000 to $1,645,000. The two and three-bedroom plus den plans feature 10’ ceilings, open-air terraces, and designer kitchens with an enhanced appliance package.

Less than 25 Phase III purchase opportunities remain available, including just five penthouses. Phase III sales transactions worth more than $60 million have been processed and the building is more than 70% sold. The three Phase III furnished models that were available for purchase with a leaseback have sold. Two of the Phase III plans, the Dorset and Emerson, are sold out.

Naples Square continues to have a significant impact on the economy of Naples’ downtown area, particularly in the Design District that has emerged in the 10th Street corridor between 5th Avenue South and 4th Avenue North. The Design District includes new eateries, bakeries, galleries, and specialty shops, many of which have been introduced as residents continue to move into Naples Square.

Ronto is refining plans for The Shoppes at Naples Square, a retail and restaurant space to be developed on the eastern edge of Naples Square. Ronto envisions The Shoppes at Naples Square as a project that will complete the community’s walkable lifestyle. The Shoppes are expected to provide residents casual and full-service upscale dining literally within steps of their residences. Gulfshore Playhouse has purchased a three-acre tract at Goodlette-Frank Road and First Avenue South on the northern end of Naples Square. As planned, Gulfshore Playhouse will build a multimillion-dollar, 56,000 square feet complex that will include two theaters and an education wing.

A mixture of Bermuda, British West Indies, and Coastal Contemporary architectural styles created by Matthew Kragh, AIA, owner of MHK Architecture & Planning, has brought a timeless flavor to Naples Square. A park-like landscape design by Christian Andrea of Architectural Land Design, Inc. that includes an attractive streetscape along Third Avenue South has created a pedestrian and biker friendly route connecting downtown with Bayfront. A public access linear park easement will stretch along the eastern edge of the Naples Square site and front Goodlette-Frank Road.

The Phase III models that will remain open for viewing after completion of construction feature the Biltmore, Chatham, and Dover floor plans. Baer’s Furniture’s Linda Kaufman is creating the interior for the Biltmore model. Base-priced at $975,000, the 1,698 square feet under air two-bedroom plus den Biltmore plan is based on the 1,529 square feet Phase I Ballard plan. In addition to offering 11% more air-conditioned space, the Biltmore’s terrace is 20% larger and measures 242 square feet. Two Biltmore residences remain available. The great room plan includes an island kitchen with a stainless-steel sink, dishwasher and a food preparation area. The great room, owner’s bedroom, and guest bedroom all open to the terrace. The owner’s suite includes walk-in closets and a bath with his and her vanities and a glass-enclosed shower.

Robb & Stucky’s Ingrid De Villiers is designing the Chatham model. Fashioned after the Phase I Chelsea plan, the Chatham two-bedroom plus den, two-and-a-half bath plan is base-priced at $950,000 and includes 1,883 square feet under air and a 260 square feet open-air balcony. The great room, owner’s bedroom, and guest bedroom all open to the balcony. The Chatham is available with courtyard views or city views. The plan features a kitchen with a peninsula bar and food preparation area with a double sink and dishwasher. The owner’s suite includes double walk-in closets and a bath with a glass-enclosed shower, tub, and his and her vanities. Eight Chatham residences are available. Two remaining Chatham penthouses are both west facing and priced at $1,025,000.

Renee Gaddis, NCIDQ, ASID, GREEN AP, President and Principal Designer at Renee Gaddis Interiors is designing the Dover model. Based on the 2,264 square feet Phase I Denison plan, the Dover plan offers 2,375 square feet of living space, an increase of 111 square feet. The Dover also includes a 314 square feet open-air balcony. Base-priced at $1,200,000, the plan features three bedrooms, a den, three baths, a great room and dining room, an island kitchen, and an L-shaped balcony that wraps around the corner of the building. The great room, dining room, and one of the guest bedrooms open to the balcony. The owner’s suite includes a bedroom with a private balcony, double walk-in closets and a bath with his and her vanities, a soaking tub, glass-enclosed shower, and a separate water closet. Six of the Dover residences remain available.

Ronto has established two downtown sales centers that represent both Naples Square and its Eleven Eleven Central community two blocks north of Naples Square on Central Avenue between 10th Street and Goodlette-Frank Road. One is located in unit 101 of the Naples Square Phase I building at 1030 3rd Avenue South. The other is situated at 100 Goodlette-Frank Road South. Both sales centers are open daily. Visit NaplesSquare.com or 1111Central.com.