The Ronto Group and Wheelock Street Capital Buys Prime Downtown Naples Land

Naples, Fla. (February 10, 2017) – A piece of vacant downtown property, formerly home to The Naples Daily News, was purchased on Thursday by The Ronto Group and Wheelock Street Capital, a private real estate investment firm based in Greenwich, Conn and Boston, MA.

The 8.8-acre parcel is located at 1075 Central Avenue, between Goodlette-Frank Road and 10th street and is zoned for 212 residential units and commercial space.

“We are very excited to continue the natural extension of downtown Naples. We understand how important development in this area is for the City, continuing the connection of downtown to the new Baker Park and the 10th street corridor,” said Anthony Solomon, Executive Vice President and Owner of The Ronto Group. “Over the next several months we’ll be carefully evaluating the residential market in order to fine tune our offering. We believe this is the last site of this scale in the downtown area. The walkability of the area and revitalization in the 10th street corridor makes this a very exciting opportunity. With the success of Naples Square, it’s evident that buyers see the value and convenience of this location”, said Solomon.

Ronto and Wheelock previously partnered on the development of Naples Square, just a few blocks away as well as Seaglass at Bonita Bay and Echelon on Palm in Sarasota. Ronto is also currently developing TwinEagles, Orange Blossom and Lindsford and in the past completed other Southwest Florida projects such as Hideaway Beach, Palmira, Forest Glen, and The Shores at Gulf Harbour, visit www.Ronto.com for details.

Wheelock was formed in 2008 by Jonathan Paul and Rick Kleeman, two veteran real estate private equity investors, each with over 20 years of broad real estate transaction experience across all major asset classes. The firm is currently investing its fifth fund and its third multi-investor discretionary opportunity fund, which consists of $725 million of committed capital. Wheelock’s first two funds were primarily funded by a single private institutional investor.

For more information, visit the Company’s website at www.wheelockst.com.

Ronto Meeting Housing Needs Across All Market Segments

During its 40-year history, The Ronto Group has developed numerous award-winning communities in Southwest Florida.  The firm is solidifying its legacy by creating housing opportunities across market segments ranging from luxury high rises and golf course communities catering to wealthy retirees to amenitized communities and apartments for working families.  Ronto has recognized the confluence of factors that are reshaping the housing market.  Foremost among them are the need for workforce housing; the influx of working families, empty nesters, and retirees; and housing choices that are priced beyond the means of many people.

“Southwest Florida is known as a place with luxurious gated golf course communities and condominium towers,” said Ronto Executive Vice President Anthony Solomon, “and while we may consider homes in the $400 to $500,000 range to be inexpensive, the average price of a home in the U.S. is less than $300,000.  Our area’s $400 to $500,000 homes would be considered expensive in many parts of the country.  We believe there is great opportunity in developing choices for those who can’t or don’t want to spend that much on a home and still want to enjoy what Southwest Florida offers.  We also see housing diversity as critical to regional economic growth.  We may not be able to create single-family opportunities in the $200’s, but reasonably priced apartments, townhomes in the mid-$200’s, attached villas in the high-$200’s and low-$300’s, and single-family homes starting in the mid-$300’s can certainly be a win-win.”

Ronto completed the leasing of 332 new one, two, and three bedroom apartments at Colonial Commons at Colonial Boulevard and Winkler Avenue in Fort Myers.  The community filled the need for new rental apartments that offer workforce housing.  Amenities include three lakes, a clubhouse with a Cyber Café, yoga studio, club room, resort-style pool, sand volleyball court, bark park, 24-hour fitness center, children’s play center and park, game room, outside kitchen with a lounge area and controlled access gates.

On Winkler Avenue Extension, Ronto and D.R. Horton are developing Lindsford, a mix of 936 single-family homes, twin villas, and townhomes.  Single-family homes are priced from $255,000, twin villas from $224,000, and townhomes from $178,000.  Amenities include a resort-style pool, spa, tennis courts, clubhouse, fitness room, basketball courts, bocce courts and a tot lot playground. Other amenities include a fishing pier, locker rooms, a card and social room, and a catering kitchen. Next to the fitness room is an indoor children’s play area.

Ronto is developing Orange Blossom, a community situated on Oil Well Road near Immokalee Road in North Naples designed to provide working families with a fully amenitized, affordably priced gated community alternative within Collier County.  Orange Blossom is situated adjacent to elementary, middle, and high schools.  A Publix is being built nearby and retail development is gaining momentum.  Ronto is developing new home sites and will be offering townhomes, twin villas, and single family homes.  Pricing will range from the low $200’s to the $500’s.  In addition to a clubhouse with a fitness center and catering kitchen, Ronto is adding an amenity package unrivaled at the community’s price point, including two resort-style pools, a grassy area, chickee style shade pavilions and beach chairs, tennis courts, bocce ball courts, sand volley ball, basketball courts, an oversized gym, a fishing pier, and a stunning new entranceway.

Ronto has purchased the remaining 111 home sites at Valencia Golf & Country Club at Randall Road and Immokalee Road in North Naples.  The majority of the 60-foot sites offer golf course and lake views within a fully amenitized community.  Ronto anticipates residences will be priced in the $400’s.

Phase II of Ronto’s Naples Square community at 5th Avenue South and Goodlette-Frank Road in downtown Naples is scheduled for completion in first quarter 2017.  The community’s walkable lifestyle is bringing a sense of cohesion to downtown by connecting 5th Avenue to Bayfront with access on 10th Street via 3rd Avenue South.  Ronto is accepting Phase III reservations.  Eight Phase III floor plans ranging from 1,460 to 3,238 square feet are base-priced from $695,000.

In September, 2010, Ronto assumed the role of developer at TwinEagles, a golf-centric gated community in Naples.  After completing millions of dollars in enhancements, including the Talon golf course and the addition of the award-winning Eagle course, Ronto built a recreation center that includes a 2,500 square foot pool and a sunning deck.  A Tiki lounge and dining venue and lighted Har-Tru tennis courts are adjacent to the pool.  A fitness center includes aerobics and yoga areas, and a fitness hall with state-of-the-art equipment.  Ronto included a golf membership with every newly constructed home that is attached to the home and transfers.  Carriage homes, single-family, and estate residences are priced from the $200’s into the millions.

Ronto’s 120-unit Seaglass high-rise tower is under construction within Bonita Bay.  With various membership opportunities, the amenities of the Bonita Bay Club will be available to residents, including a 60,000 square feet Lifestyle Center, five championship golf courses, tennis facilities, a full-service marina, numerous dining venues, a residents only private beach park, and on-property hiking and biking trails.

Ronto has started construction of its 18-story Echelon on Palm high-rise in Sarasota that will feature fifteen 4,155 square foot full-floor residences, one 3,079 square foot half-floor residence, and one 4,381 square foot two-level townhome.  All but two of the residences have sold.  Amenities include a fitness center, yoga terrace, a clubroom, pool area with a spa, fire table, and a roof top terrace.

 

 

 

Ronto Creating Legacy In Southwest Florida

TwinEagles golf course

TwinEagles is one of a variety of distinctly different communities being developed by the award-winning Ronto Group. A golf membership is included with the purchase of every newly constructed home at TwinEagles.

From Naples Daily News

Naples   With a variety of distinctly different communities currently in development, the award-winning Ronto Group continues to create an impressive legacy within the luxury homebuyer market in Southwest Florida.  From TwinEagles’ classic country club ambiance, to Naples Square’s walkable lifestyle that has transformed downtown Naples, the glittering Seaglass tower at Bonita Bay that has redefined the high-rise living experience, and the gated resort-style Naples Orange Blossom community, Ronto’s unique brand of luxury is shaping how people live in one of the most desirable locales in the world.  Ronto has also purchased the remaining home sites in Valencia Golf and Country Club and will be announcing their plans in the near future.  Ronto was named recipient of the Gold Award for Best Developer in the Naples Daily News’ 2016 People’s Choice Awards, an award indicative of the firm’s standing with discerning homebuyers.

When the real estate market collapsed in late 2008, growth at TwinEagles subsided substantially.  In September, 2010, Ronto acquired TwinEagles and began the process of bringing renewed energy to the community.  Ronto has focused on enhancing TwinEagles’ amenities, enrolling an outstanding group of Preferred Builders, and introducing new product offerings and neighborhoods that take advantage of TwinEagles’ natural setting.  Under Ronto’s leadership, five neighborhoods have sold out, and three new neighborhoods have been introduced.

TwinEagles’ selection of luxury residences now ranges from carriage homes priced from the mid-$200’s to estate residences priced into the millions.  After just 28 sales in Ronto’s first two years, things shifted dramatically in 2013 when 65 sales were processed.  That was followed by 95 sales in 2014 and a similar number in 2015.  Second quarter 2016 year-to-date sales totaled $65 million. A tranquil natural setting, the multi-faceted product offering, and an array of world-class amenities, including two championship golf courses, continue to attract homebuyers.  The 1,115-acre gated community was recognized by Boardroom magazine as a Distinguished Emerald Club.  A golf membership is included with every newly constructed home at TwinEagles.

TwinEagles’ Talon Golf Course hosted the Chubb Classic PGA Champions Tour in February.  The community’s Eagle Course was named “Best New U.S. Private Course of the Year” by Golf Magazine.  A 47,000 square-foot clubhouse pays homage to St. Andrews where the game of golf was born.  In addition to a golf pro shop, the Clubhouse offers an unparalleled dining experience created by the 2015 ACF President’s Medallion recipient Chef Chas Tatigian.  The Clubhouse is complemented by a new community swimming pool and fitness center.  The complex includes a 2,500 square foot pool with a spa, a zero-entry feature, and a sunning deck overlooking a lake.  An outdoor lounge, dining venue, and lighted Har-Tru tennis courts are located adjacent to the pool.  The 6,430 square foot fitness center includes locker rooms, areas for aerobics and yoga, as well as an expansive fitness hall.

At Naples Square, Ronto embraced the trend toward transforming downtown areas from serving as attractive destinations to places where people are fully engaged in every aspect of city life on a day-to-day basis.  Rather than serving the more transient interests of those who live in outlying areas, this new form of urbanism presents an opportunity to live in a way that puts every aspect of life within walking distance, including dining, grocery shopping, retail stores, entertainment venues, theater, healthcare and specialty services.  This type of walk-able lifestyle is especially attractive to Baby Boomers and retirees who put a premium on active, healthy living and convenience.

Naples Square is being developed by Ronto at the corner of 5th Avenue South and Goodlette-Frank Road in downtown Naples and has transformed the look, feel, and functionality of the downtown district.  The community’s walkable lifestyle is bringing a sense of cohesion to downtown by connecting 5th Avenue to Bayfront with access on 10th Street via 3rd Avenue South. The walk-able 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 generate strong sales and luxury homebuyer traffic.  After selling out 73 completed Phase I residences, construction of Naples Square Phase II continues to move forward on schedule for completion in first quarter, 2017, a timeframe that will allow Phase II residents to enjoy their new homes during the 2017 season.

With sales contracts worth over $53 million already processed, Phase II is nearly 80% sold.  Just 16 Phase II residences remain available.  Five floor plans remain available in the Phase II offering.  The one and two story, two and three bedroom plus den floor plans range from over 1,200 to over 3,800 square feet under air and are priced from the $600’s.  With Phase II approaching sell-out, The Ronto Group continues to accept Phase III reservations at Naples Square.  Eight one and two story, two and three bedroom plus den Phase III floor plans range from 1,460 to 3,238 square feet under air and are base-priced from $695,000 to $1,550,000.

With more than $103 million in sales already processed and construction well underway, luxury homebuyer traffic and sales continue to expand at Ronto’s 26-floor, 120-unit Seaglass at Bonita Bay high-rise tower within the Bonita Bay community that was named one of the ten healthiest clubs in America by Prevo Health Solutions.  With the rare combination of the building’s captivating tower floor plans, various Bonita Bay Club membership opportunities, and amenities that include a 60,000 square feet Lifestyle Center, five championship golf courses, numerous formal and informal dining venues, a full service marina with access to the Gulf of Mexico, 12 miles of on-property hiking and biking trails, a tennis complex, and a residents-only private beach park, Seaglass is redefining the luxury high-rise living experience in Southwest Florida.  All of the building’s penthouse residences have been sold.  A choice selection of tower residences remains available.  Seaglass is expected to be completed by summer, 2018.

Situated nearly 250 feet from its closest neighboring building, the Seaglass tower will feature fully-completed, ready for occupancy residences with designer-selected premium finishes, including flooring, paint, and trim.  Each residence will come with two protected access under-building parking spaces.  Private enclosed two-car garages will be available.  Three luxurious tower residence great room floor plans at Seaglass range from 2,889 to 3,421 square feet under air and are priced from just over $1 million.  The spacious tower residences will include dual private elevator grand foyers, large island kitchens, three bedrooms and three-and-a-half baths, or three bedrooms plus a den or fourth bedroom and three-and-a-half baths, walk-in closets in the owner’s suite, and sliders opening to multiple outdoor spaces that include a gas grill.  Ten-foot ceiling heights are included per plan.

Located at 1948 Oil Well Road, Naples Orange Blossom offers an affordable resort lifestyle with amenities that include a new Community Center with a fitness center and catering kitchen, multiple swimming pools, a spa, hammocks, a shade pavilion, cabanas, beach chairs, tennis courts, sand volleyball, bocce ball, and basketball courts.  Stylish, energy efficient new residences by Lennar Corporation include Executive Homes from 1,677 to 3,867 square feet priced from the mid-$200’s and Manor Homes offering 2,244 to 3,867 square feet priced from the $300’s.  Additional product choices will be available as Ronto expands the community’s group of Preferred Builders.

Click here to read the article at Naples Daily News

Naples Square Phase II Nearly 80% Sold

Naples Square

Phase II construction at Naples Square continues on schedule for completion in first quarter, 2017. With binding and pending sales contracts worth over $53 million already processed, Phase II at Naples Square is nearly 80% sold. Just 16 Phase II residences remain available.

As Phase II construction at Naples Square continues on schedule for completion in first quarter, 2017, The Ronto Group announced that nearly 80% of the Phase II residences have been sold.  Just 16 residences remain available.  Sales volume is now over $53 million.  Naples Square is being developed by Ronto at the corner of 5th Avenue South and Goodlette-Frank Road in downtown Naples.  The community’s walkable lifestyle is bringing a sense of cohesion to downtown by connecting 5th Avenue to Bayfront with access on 10th Street via 3rd Avenue South.  Naples Square’s walk-able 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 in downtown Naples.

The stucco on the west side of the Phase II building has been applied and painted.  The roof on the west side has also been completed and elevator installation has begun.  Interior unit framing, and mechanical, electrical, and plumbing installations have been completed.  Drywall, tile, and cabinetry installation are underway.  Framing of the interior corridors is also progressing.  On the east side of the building, the super structure is completed, and the roof, trusses, additional block work, and window installation are at varying stages of completion.  Unit framing has started on the second floor and the mechanical, electrical, and plumbing are being roughed in.  The courtyard amenity deck structure has been completed and the block for the planter walls is being installed.  The structure of the poolside cabana has also been completed and construction of the pool has begun.  The garage floor for the entire building is now 100% completed.

Five floor plans remain available in the Phase II offering.  The one and two story, two and three bedroom plus den floor plans range from over 1,200 to over 3,800 square feet under air and are priced from the $600’s.  The plans feature open-concept living areas, open-air terraces, and controlled access under-building parking.

Base-priced at $630,000, the Phase II Alton great room plan features 1,268 square feet plus a 235 square feet balcony.  The Alton includes two bedrooms and two full baths.  The great room and owner’s bedroom open to the balcony.  The kitchen’s counter height bar and food preparation area includes a double stainless steel sink, dishwasher and seating.  The Alton’s dining area merges with the great room’s seating area.  The plan includes a walk-in closet in the owner’s bedroom, and a separate laundry room.

The two-bedroom plus den, two-bath Phase II Ballard plan offers 1,529 square feet plus a 203 square feet balcony and is base-priced at $740,000.  The great room, master bedroom, and guest bedroom open to the balcony.  An optional pocketing door is available to provide ensuite guest quarters.  A counter-height island in the kitchen offers seating, a stainless steel sink, dishwasher and food preparation area.

Base-priced at $825,000, the Phase II Chelsea two-bedroom plus den, two-and-a-half bath plan includes 1,843 square feet and a 238 square feet balcony.  The great room, master bedroom, and guest bedroom all open to the balcony.  The plan features a kitchen with a peninsula counter height 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 and tub and separate vanities.

The Phase II Denison plan offers 2,264 square feet and a 290 square feet balcony.  Based priced at $1,075,000, the plan features three bedrooms, a den, three baths, a family room and dining room, an island kitchen with counter height seating, and a wraparound balcony accessed from the family room, dining room, and a guest bedroom.  The owner’s suite includes a balcony, walk-in closets, and a bath with separate vanities, a soaking tub, glass-enclosed shower, and a separate water closet.  A penthouse Denison on Phase II’s top floor is base-priced at $1,175,000.

The two-story Phase II Franklin plan offers 2,857 square feet with three bedrooms, three-and-a-half baths, a living room with a two-story ceiling, a dining room, an island kitchen, and a second floor with a 330 square feet flex room, owner’s suite, a guest suite, and a laundry room.  An optional elevator is available.  A glass enclosed shower, soaking tub, and separate vanities are included in the owner’s bath.  The Phase II Franklin features a one-car garage accessed directly from the residence and is base-priced at $1,400,000.

Phase II standard details include porcelain tile flooring in the living areas, kitchens and baths, 8-foot solid-core interior doors, 8-foot exterior and sliding glass doors, lever-style door hardware, 8-inch clean-lined baseboards, 7-inch crown molding per plan, ventilated wood shelving in the bedroom, linen and pantry closets, and separate laundry rooms with a Whirlpool Duet front load washer and dryer and a utility sink in most plans.  The kitchen designs include KitchenAid Architect Series II stainless steel appliances, European frameless construction, full-overlay cabinetry with various door profiles, finish selections and hardware, a stainless steel, under-mount sink with a pull-out spray faucet, and multiple granite and quartz countertop options.  The master bath features marble-topped vanities with dual sinks, showers with bench seats and glass enclosures, soaking tubs with most floor plans, and a separate water closet.

The Naples Square Sales Gallery at 100 South Goodlette-Frank Road in downtown Naples is open daily.  Phase I models are open for tours with a sales associate.  Sales associates are available at the Sales Gallery or at Phase I unit 101 at the corner of Third Avenue South and 10th Street.  Visit NaplesSquare.com.

Limited Opportunities Remain for Custom Estate Homes at TwinEagles

Amalfi Elevation

A.R.B.C. Arthur Rutenberg Homes 3,903 square feet under air furnished Amalfi estate model is now open for viewing and purchase in TwinEagles’ Lake Estates neighborhood.

TwinEagles is known for its tranquil natural setting and the grandeur of its custom estate residences.  The remarkable tableau now serves as a backdrop for a new generation of estate residences by A.R.B.C. Arthur Rutenberg Homes, Divco Custom Homes, and Stock Signature Homes on sites from 90 x 160-feet to over 1.5-acres.  With 28 estate home sites remaining in five neighborhoods, opportunities to enjoy the TwinEagles estate experience are becoming limited.

Seven estate home sites are available in TwinEagles’ Glasgow, Sterling Hill, and Inverness neighborhoods.  These sites range from nearly an acre to over 1.5-acres and are priced from $632,500 to $775,000.  A thirty-foot setback ensures residences will be at least sixty-feet apart.  The site size and pricing, the natural setting, and the golf membership included with every new-build home at TwinEagles presents a rare opportunity.

TwinEagles’ Lake Estates neighborhood showcases 19 lakefront sites 110-feet wide and 150-feet deep with views of a 34-acre lake.  Eleven of the 19 sites remain available.  Lake Estates features minimum 3,500 square feet residences by Stock, Divco, and Rutenberg starting at $1.5 million.

Priced at $2,061,000 with furnishings, Rutenberg’s Amalfi model is now open for viewing and purchase.  The floor plan includes 3,903 square feet with a spacious great room, kitchen, and dining area that open to the outdoors.  The plan also features a club room, a study, four bedrooms, four baths, and a mud room/arrival area off a three-car garage.

Stock’s 4,155 square feet Windsor model has sold and remains open for viewing.  Base-priced at $869,990, the  great room plan includes a formal dining room, island kitchen, two studies, four bedrooms, four-and-a-half baths, a covered lanai with a fireplace, summer kitchen, pool and spa, and two two-car garages.

Divco’s 4,105 square feet under air Montego model has sold and also remains open for viewing.  The great room plan includes a formal dining room, island kitchen, study, a private retreat, four bedrooms, four-and-a-half baths, a covered lanai with an outdoor fireplace, summer kitchen, pool and spa, and a three-car garage.

Stock, Divco, and Rutenberg are also offering 2,800 to 5,000 square feet residences priced from $1.2 million on 90 x 160-feet lots in TwinEagles’ Hedgestone estate neighborhood.  Ten buildable sites remain available.  Stock is building three unfurnished estate that will be completed in first quarter, 2017.

The unfurnished Regency Manor is priced at $1,544,030.  The 3,699 square feet four-bedroom plus study, four-and-a-half bath great room plan is base-priced at $779,990.

The 3,375 square feet unfurnished Muirfield V is priced at $1,370,430.  The floor plan offers a massive living room, formal dining room, island kitchen, four bedrooms plus a study, four-and-a-half baths, and is base-priced at $669,990.

Base-priced at $759,990, the Glenmore’s 3,591 square feet great room plan includes four bedrooms, a study, four-and-a-half baths, a formal dining room and an island kitchen.  The unfurnished Glenmore is priced at $1,487,125.

In addition to the residences under construction, Stock’s previously sold Regency Manor furnished model remains open for viewing in Hedgestone.

Visit the TwinEagles Sales Center at 11330 TwinEagles Boulevard.  Visit TwinEagles online at twineagles.com.