With its one remaining Franklin residence now under contract, the award-winning Ronto Group announced that the Phase II building at Naples Square in downtown Naples is sold out. At the same time, sales for residences in the community’s Phase III building continue to surge. Binding and pending Phase III sales contracts worth $50 million have been processed and the 77-unit Phase III building is now 62% sold. Vertical construction of the Phase III building continues to progress and is on schedule for completion in spring 2019. Three previously sold Phase II furnished models remain open for viewing with a sales associate.
The Ronto Group’s Phase III building at Naples Square in downtown Naples will feature furnished models showcasing three of the eight Phase III plans designed by MHK Architecture and Planning that range from 1,460 to 3,238 square feet under air and are priced from $695,000. The one and two-story, two and three-bedroom plus den plans include open-concept living areas and open-air terraces. The Phase III Dorset and Emerson plans have sold out. Leasebacks are available to purchasers of the three furnished Phase III models.
The Ronto Group announced a total of 40 binding and pending Phase III sales contracts worth $44.5 million have been processed at Naples Square. The Phase III building is now just over 50% sold. Three previously sold Phase II furnished models remain open for viewing with a sales associate. 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. Ronto has announced plans for the Shoppes at Naples Square, a combination of retail and restaurant space on the eastern edge of the Naples Square site. Gulfshore Playhouse closed on its purchase of a three-acre tract within Naples Square and is developing plans for the construction of a multimillion-dollar 56,000 square feet theater and education complex.
With Phase III of Naples Square at 5th Avenue South and Goodlette-Frank Road in Old Naples now under construction, the award-winning Ronto Group 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 condominium site. The 300-unit condominium development’s success to date reflects the luxury homebuyer market’s preference for a maintenance free, walkable, bikeable lifestyle with easy access to all of downtown’s attractions. Phase I was sold out before completion in December 2015, while the more recently finished Phase II building has one unit remaining for purchase. Ronto is accepting purchase agreements for residences in the newly designed and enhanced Phase III.