Phase III Construction Progressing As Planned at Naples Square

With the concrete for the fourth floor now poured, The Ronto Group reported that construction of the Phase III building at Naples Square is progressing as planned. The Phase III building remains on schedule for completion in spring 2019. 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 continue to transform 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 Phase III plans offer newly designed, enlarged, and re-named iterations of Naples Square’s Phase I residences. The two and three-bedroom plus den plans feature 10’ ceilings, open-air terraces, and designer kitchens with an enhanced appliance package with a gas cooktop and hood and a wall mounted oven and microwave.

Less than 25 Phase III purchase opportunities remain available, including just five penthouse residences. The remaining penthouses feature Ronto’s Barton, Astoria, and Chatham floor plans. Phase III sales transactions worth more than $60 million have been processed and the Phase III building is now more than 70% sold. Two of the three furnished models in the Phase III offering that are available for purchase with a leaseback have sold. Two of the Phase III floor plans, the Dorset and Emerson plans, are sold out. Phase II is sold out. Three previously sold Phase II furnished models remain open for viewing with a sales associate.

Naples Square’s impact on the downtown district has been transformative. An eclectic 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 and created a visually appealing downtown landmark. A park-like landscape design by Christian Andrea of Architectural Land Design, Inc. that includes an attractive streetscape along Third Avenue South that bisects the community has created a pedestrian and biker friendly route that connects downtown with Bayfront. A dedicated public access linear park easement will stretch along the entire eastern edge of the Naples Square site and front Goodlette-Frank Road while solidifying the connection between downtown Naples and the Gordon River Greenway.

Naples Square also continues to have a significant impact on the economic health of the downtown district, 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 new residents continue to move into Naples Square. Ronto is continuing to refine plans for The Shoppes at Naples Square. The project will be a combination of retail and restaurant space that will be developed on the eastern edge of the Naples Square site. With zoning of up to 150,000 square feet of commercial space already approved, Ronto envisions The Shoppes at Naples Square as a project that will complete Naples Square’s walkable lifestyle. The Shoppes are expected to provide residents with both casual and full service upscale dining, all with outdoor seating, literally within steps of their elegantly appointed residences. Gulfshore Playhouse has purchased of a three-acre tract within Naples Square, a purchase that will add a new dimension to Ronto’s vision of a community that not only enriches the entire Downtown District, but also provides its residents with a truly walkable lifestyle. As planned, Gulfshore Playhouse will build a multimillion-dollar, 56,000 square feet complex that will include two theaters and an education wing to support programming for children, adults and families. The complex will be located at Goodlette-Frank Road and First Avenue South on the northern end of Naples Square. The presence of the Gulfshore Playhouse complex will put a regional theater literally at the doorsteps of Naples Squares’ residents and be easily accessible to residents of downtown Naples and beyond.

Earlier this year, Ronto announced it was taking its vision of a vibrant downtown district where people are within walking or biking distance of enjoying every facet of downtown’s attractions a significant step further with the introduction of Eleven Eleven Central, a new walkable/bikeable, access-controlled community to be built by the award-winning developer just two blocks north of Naples Square on Central Avenue between 10th Street and Goodlette-Frank Road. Ronto is in the process of converting reservations for Phase I residences to contracts. The combination of beautifully designed residences ranging from 1,407 to 2,297 square feet of total living space and an unprecedented array of amenities will provide a resort-style living experience in the heart of downtown Naples normally reserved for residents of master planned communities far removed from the downtown district. Pre-construction pricing starts in the mid-$500’s.

With Fifth Avenue South just five blocks away, Eleven Eleven Central residents will enjoy immediate access to downtown Naples’ shopping, dining, and entertainment attractions, and to the burgeoning Design District. Naples’ world-renowned beach is just three-quarters of a mile from the community via the sidewalks and bike lanes on Central Avenue or a short ride on the planned community beach shuttle. Plans are also in development to provide evening shuttle service to 5th Avenue South and Third Street. Eleven Eleven Central’s location also provides ready access to Baker Park and the just completed Gordon River Pedestrian Bridge and Boardwalk developed by the City of Naples on the east side of Goodlette-Frank Road to connect Central Avenue and downtown Naples to the Gordon River Greenway along a pedestrian and bicycle friendly route.

The market response to the Eleven Eleven Central offering was instantaneous. Forty-something professionals, empty nesters, and retirees have all been captivated by Eleven Eleven Central’s proximity to 5th Avenue South and the Design District, and the five light-filled two-bedroom, two-bedroom plus den, and three-bedroom open-concept Phase I floor plans ranging from 1,407 to 2,297 square feet of total living space, including covered outdoor balconies.  Pre-construction pricing starts in the mid-$500’s.

Like Naples Square, Eleven Eleven Central will put downtown Naples’ attractions at its residents’ doorstep and bring an additional sense of cohesion to the downtown district. Whether enjoying a cup of coffee or a bite to eat within the 5,108 square feet of commercial space at Eleven Eleven Central, stepping across the street to The Bowl for a healthy Acai or Pitaya bowl or smoothie, taking a short walk around the corner to the heart of the Design District and the Timeless eatery that offers signature Naples Square and Eleven Eleven Central cocktails created by The Ronto Group or the adjoining La Colmar Bakery & Bistro, or savoring an authentic New York bagel at Brooklyn Dough With A Hole at nearby Trinity Plaza, residents at Eleven Eleven Central will relish a plethora of diverse new and previously established neighborhood gathering places. Other close by establishments include the Riptide Brewing Company, The Wine Store, Preston’s Steakhouse, Café Nutrients, European Bakery and Café, Siam Thai and Sushi, and many others.

To simplify the purchasing process for both Naples Square and Eleven Eleven Central, Ronto has established two downtown Naples sales centers that represent both communities. 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. For additional information, visit NaplesSquare.com or 1111Central.com.