The not-for-profit professional theater group announced Tuesday it has signed a purchase agreement for three acres of land at the corner of Goodlette-Frank Road and First Avenue South for the multimillion-dollar project.
The land is within the borders of Naples Square, a mixed-use project that’s under development by The Ronto Group in partnership with Wheelock Street Capital.
The land purchase is expected to close in mid-August.
With the new theater Gulfshore Playhouse will be able to produce a broader season, with more musicals, new works and content created for Broadway.
The project is possible because of a $10 million donation from well-known Naples philanthropists Patty and Jay Baker, who are longtime supporters of Gulfshore Playhouse.
After the land purchase closes, Gulfshore Playhouse expects to launch a fundraising campaign to help get the rest of the dollars needed for construction, as well as money to partially cover the first year of operations.
The cost to build the project is estimated at $45 million, including the land, said Kristen Coury, the theater group’s founder and producing artistic director.
Ronto Group President Anthony Solomon is very clear on what his company’s mission is, and should be.
“We’re opportunistic,” says Solomon, 42, whose father, A. Jack Solomon, founded the company in 1967 in Toronto. “We don’t live by growth goals, and we don’t do deals for the sake of doing deals.”
Nevertheless, Ronto Group these days is flush with the kind of upscale residential projects for which the company has come to be known.
There’s Seaglass at Bonita Bay, a 120-unit, 26-story condo tower in Bonita Springs that is under construction and slated for completion later this year. To date, more than 60% of its units — all priced at $1 million and above — have been sold.
There’s 624 Palm, an 18-story condo tower in downtown Sarasota that is also under construction and scheduled to be completed this summer. The $20 million-plus project, where the 17 residences cost in excess of $2 million each, is sold out.
There’s Naples Square, a 300-unit, phased residential development in the heart of Naples’ downtown with more than 150,000 square feet of commercial space that is scheduled to be completed by 2019. At present, Ronto is nearly sold out of the project’s second phase.
“We’re finding there’s great demand for high-end units, especially in Naples, Bonita Springs and Sarasota,” Solomon says. “And partly, that’s because we think we understand what it takes to get customers who are willing and able to spend $2 million, $3 million and up. There has to be a level of trust there. Customers want to know that you’re going to be able to deliver on the dream they are banking on, and we do that. It’s what our reputation is based upon.”
But Ronto Group has also excelled at single-family communities, often those with golf course amenities, such as its TwinEagles project in North Naples, which it acquired as part of a lender workout in 2010.
In the years since, Ronto has redesigned a golf course to complement the Jack Nicklaus-designed, award-winning Talon links, added amenities like a resort-style swimming pool and fitness center, and enhanced walking paths and neighborhood parks.
Ronto also decided to provide a golf membership to everyone who bought a newly constructed home in the community by Lennar Corp., Minto Homes, Arthur Rutenberg Homes, Stock Signature Homes and Divco Custom Homes.
The strategy worked. In 2015, sales topped $135.6 million, prompting the developer to introduce three new neighborhoods. Today, five of TwinEagles neighborhoods are sold out.
“Their success stems in part because they were very early to the table in securing unique properties and opportunities before the market showed clear improvement a few years back,” says Randy Thibaut, founder and CEO of Land Solutions Inc., a Southwest Florida commercial real estate brokerage firm that has worked with Ronto Group.
“They take big, but educated, risks and they’ve paid off, and their relationships and access to capital has been integral in their ability to get deals closed.”
The company also developed Lindsford, in Fort Myers, a gated, step-up community where D.R. Horton is building, and Orange Blossom, a 1,600-home, similarly priced Lennar project in Naples.
“We don’t want to be relegated to extremely high-end developments,” Solomon says. “I don’t want us to be pigeonholed. If the right opportunity for an entry-level or move-up project surfaces, and it’s the right opportunity, we would certainly do it.
“But we’re very cautious by nature, and we look for the right opportunity and the right price and the right timing,” he says.
Such a triangulation occurred earlier this year, when Ronto and Wheelock Street Capital, of New England, paid $15.1 million to acquire a nine-acre site at 1075 Central Ave., in Naples.
Solomon says Ronto is designing a project that will likely contain more than 200 residential units and a smattering of retail space. Sales could begin next year.
The site, where the Naples Daily News operated until 2009, attracted Solomon because it reminded him of Naples Square.
“The units may be a little smaller, and less expensive, but the site is very walkable to Fifth Avenue, and you’re not going to find nine acres come available very often in the heart of Naples,” he says.
After developing more than 10,000 condos and 2,000 single-family home sites, Ronto Group knows what it doesn’t want to be and where it doesn’t want to build, as well.
It refuses, for instance, to engage in bidding wars even for prime properties.
“We’d rather have an opportunity to properly study a market and sit down with someone and work out a deal,” Solomon says.
The company’s boundaries also extend to geography.
“I have no desire to develop in the Caribbean, for instance,” Solomon says. “Sure, it sounds sexy, but one mess, one disaster and it takes your whole bandwidth to fix — you end up getting pulled away from other projects, other opportunities,” Solomon says. “I’ve seen it happen to a lot of really smart people.”
He’s also content to remain focused on coastal Florida in places like Naples, Bonita Springs, Sarasota, Boca Raton and Palm Beach — though he would entertain a deal in Tampa or St. Petersburg if it was right, too.
“I don’t have any visions to go, say, to Denver,” Solomon says. “You hear a lot of Florida developers say they want to go out West to places like that. But the way I see it, they already have developers out there. They’re on top of it, and things here need constant minding.”
To maintain focus, Ronto Group maintains a staff of 13 employees, some of whom have worked for the company for decades, though it also relies heavily on consultants who Solomon says are “like family.”
Looking ahead, Solomon doesn’t foresee the kind of turbulence that derailed the real estate growth cycle in 2008. He believes buyers are self-regulating, and banks are being appropriately more reserved about to whom they lend money.
“Buyers are being more cautious; they remember the last go round,” he says. “That’s been good for us, because people know our reputation. And banks aren’t lending to anyone, especially for high-end residential, that doesn’t have experience.
“Prices, meanwhile, at the high end, have leveled off, and that’s a good thing,” he says. “I think as a result we’ll see a steady few years ahead.”
Naples, Fla. – Marking its 31st year in southwest Florida, Chubb Classic officials announced today the 2018 event will take place February 12 – 18. As the longest-standing PGA TOUR Champions event in one metropolitan area, the 2018 Chubb Classic will once again take place at The TwinEagles Club for its seventh consecutive year and 12th year overall hosting the legends of the PGA TOUR in Naples, Fla.
“Hosting an event of this scale for over a decade has been an honor for The TwinEagles Club and The Ronto Group,” said Andrea Bach, General Manager of The TwinEagles Club. “The event allows us to represent our community offerings on a local and national scale, which draws new residents and members every year. On top of that, our club will always be proud to support an event that has brought golf’s greatest legends to Naples for 30 years. We look forward to another successful year in 2018!”
In its 30 years in southwest Florida, the Chubb Classic has attracted many of the game’s greatest players. From inaugural champion Gary Player and the late golf legend Arnold Palmer, to past champions Fred Couples and Bernhard Langer – the Chubb Classic looks forward to inviting the legends of the PGA TOUR back to The TwinEagles Club in February of 2018.
The TwinEagles Club
11725 TwinEagles Boulevard
Naples, FL 34120
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.
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.
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.
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.
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.
Naples With more than $103 million in sales already processed and construction well underway, luxury homebuyer traffic and sales continue to expand at the award-winning Ronto Group’s highly anticipated 26-floor, 120-unit Seaglass at Bonita Bay high-rise tower within the Bonita Bay community. All of the building’s penthouse residences have been sold. A choice selection of tower residences remains available. Ronto anticipates construction taking approximately 26 months with completion expected 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. With the rare combination of the building’s captivating tower floor plan choices, 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.
For full-time sun worshippers and winter-weary part-time residents, Bonita Bay’s beach park is an especially popular attraction. In a recent Bonita Bay resident survey, the beach park was named the most popular amenity used weekly by over 50% of residents and was also named the most valued amenity by over 80% of homeowners. Located directly on the Gulf of Mexico, the beach park is on Little Hickory Island, just 10 to 15 minutes from Bonita Bay’s main entrance on U.S. Highway 41. Residents and their guests may enjoy swimming, sunning, shelling, bird watching, and surf-fishing at this attended park surrounded by the white sands and clear waters of the Gulf. Picnic pavilions, grills, beach chair and umbrella service, showers, and restrooms equipped with infant changing stations are provided for residents in a setting landscaped with native beachfront vegetation. Personal chairs, umbrellas, and other beach items are welcomed.
Open daily from 8:00 a.m. to 9:00 p.m., the beach park also offers free parking. During the winter months between November 15th and April 30th, parking is available to residents only between 9:00 a.m. and 9:00 p.m. Resident windshield decals are required. For an added measure of convenience, a winter season shuttle bus traveling from the Bonita Bay main property to the beach park. Residents are encouraged to use the shuttle service and when the winter parking restrictions are in place, all guests using the park must utilize the shuttle bus. The bus travels a scheduled route within Bonita Bay along Country Club Drive, Bonita Bay Boulevard, and Riverwalk Way. Bus stops are marked with informational signs and park benches. The bus is equipped with storage racks for beach chairs, coolers, and other personal items. For passengers with special needs, the bus is wheelchair accessible.
Once at the beach, residents and their guests will enjoy Southwest Florida’s hallmark Gulf views and spectacular sunsets. Reservations for portions of the beach park are available. Alcoholic beverages are permitted in the pavilion and not on the beach itself in accordance with a Lee County ordinance. Pets and motorized watercraft such as water scooters, wave runners, and jet skis are not permitted.
In addition to the amenities available to future residents of Seaglass through the Bonita Bay community and the Bonita Bay Club, the Seaglass tower’s captivating two-story entry lobby will lead to a second floor news café and connect to a spectacular, award-winning amenity complex previously designed by building architect Santiesteban & Associates. An expansive array of amenities already in place includes a theater, guest suites, card and club rooms, a fully-equipped fitness facility that features men’s and women’s spas with steam and massage rooms, a large resort-style walk-in pool and spa, and a deck with a covered and screened cabana that includes a bar and grill.
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.
The designer-selected finishes now on display at the Seaglass Design Studio located within the Seaglass Sales Center at 26951 Country Club Drive within Bonita Bay are ideally suited to the open concept living spaces and amenity rich ambiance featured at Seaglass. Ronto’s innovative Finishing Touches Program allows future residents to select finishes for their new home’s flooring, cabinetry, countertops, door hardware, plumbing fixtures, and paint colors. A fully outfitted kitchen featuring the finishes and Thermadore appliances available at Seaglass is included at the Design Studio, as well as stone, porcelain, and wood flooring and carpet selections; granite, marble, and quartz countertops; decorative backsplash choices; trim, doors, faucets, and plumbing fixtures; and a gas grill. Future residents are invited to meet with the Finishing Touches Coordinator at the Design Studio and to include the Seaglass building architect and their own interior designer in the Finishing Touches Program selection process. To ensure each residence is finished to each owner’s specific tastes, future residents may also specify finishes from other sources. The level of customization and flexibility available through Ronto’s Finishing Touches Program is extremely rare and seldom offered by high-rise developers in Southwest Florida. Opportunities to specify finish selections will become progressively limited as construction progresses. The Seaglass Design Studio and Sales Center are open from 10:00 a.m. to 6:00 p.m. Monday through Saturday, and Sundays from noon to 5:00 p.m.
Ronto has selected three award-winning design firms to create the interiors of model residences at Seaglass at Bonita Bay, each of which will include the finishes now on display at the Design Studio. The designs will be created by Robb & Stucky, Renee Gaddis Interiors, and Cinnabar Design.
Robb & Stucky’s Susan J. Bleda, ASID and Rachelle Porco are creating the interior for the 804 tower residence. The spacious 3,088 square feet floor plan includes three bedrooms, three-and-a-half baths, a den, an open great room, dining area, and island kitchen, terrace space totaling 485 square feet, and a private elevator foyer.
Renee Gaddis, NCIDQ, ASID, GREEN AP of Renee Gaddis Interiors is creating the interior for tower residence 306. The tower residence 306 plan offers 3,421 square feet and 525 square feet of covered terrace space. The great room plan includes three bedrooms plus a den or fourth bedroom, three-and-a-half baths, an island kitchen and dining area, and a private elevator lobby.
Laurie Walter and Diana Hall, IDS are creating the interior for tower residence 605. The 2,889 square feet under air floor plan includes 464 square feet of covered terrace space, including a terrace that will host a grill zone, and outdoor dining and conversation areas. A gourmet kitchen features a large island with barstool seating. The great room will showcase an optional fireplace and multiple seating areas.
The small stretch of Third Avenue South that recently opened as the first phase of a major downtown development project looks, as City Councilman Sam Saad put it, like “the ideal” street design.
The avenue has sidewalks, bike lanes, two traffic circles and 28 new parking spaces. It is brick paved, which the city says is better for stormwater management. And other elements, like palm trees and decorative fountains, add to the streetscape.
The avenue helps downtown traffic flow east to Goodlette-Frank Road and also provides access to the Bayfront shopping and dining complex.
The design of the avenue was approved by Naples City Council in 2013, part of one of the largest development projects in the city’s history. The project, called Naples Square, will include four residential buildings, each with 75 units, and a yet-to-be determined amount of commercial space.
The project is the product of a council-approved plan to create a series of corridors that allow neighborhood residents to walk and bike from the beach to Baker Park and beyond. The council has recently approved several projects that support the plan, including the redesign of Central Avenue and mixed-use redevelopments that will increase the number of downtown residences.
But critics say the council has stumbled while carrying out its vision. Business owners on Central Avenue have complained about proposed traffic plans that threaten to deter customers. And a vocal bloc of Old Naples residents wants the council to deny mixed-use projects they argue do not fit the character of the Fifth Avenue South area.
Two downtown residents and property owners, Joan Fiore and Bob Martin, sued the city in December, claiming the council acted unlawfully when it approved local developer Phil McCabe’s project to add residences on the 400 block of Fifth.
In the Fifth Avenue Overlay District, there are plans to increase the number of residential units by about 33 percent in the next two years. A majority of council favors the uptick, at least in part, because it could mean more people will walk or bike rather than drive downtown. The influx of residences can be traced north to Central and east to Naples Bay. Four high-value projects approved in the past three years, including Naples Square, Mangrove Bay and the Hyatt House Hotel, have plans to add more than 560 residences and 180 hotel rooms.
The projects also add taxable property to the downtown area the city has targeted for redevelopment. The Community Redevelopment Agency projects its revenues, including taxes, will increase by about 53 percent in the next five years. And the city estimates Naples Square alone will add more than $100 million to its tax base.
“If you want a downtown that’s user friendly and not a tourist spot, then what’s happening is great,” said Saad, the CRA chairman.
Developers have turned their attention back to land near the Winkler Avenue and Colonial Boulevard intersection as vacant land is snapped up and prices climb at hot spots farther south.
Land near that intersection began drawing builders’ focus years ago, just as the housing bubble burst. A fenced and shuttered clubhouse in the middle of a planned but abandoned apartment complex north and west of the intersection serves as a recession memorial to all who drive by.
But building sites on both sides of Colonial now are overshadowing the grim reminder. More are likely on the way, said Randy Thibaut, CEO of Fort Myers-based Land Solutions.
As building has regained momentum post-recession, development fired up first in Naples, then south Lee County, then south Fort Myers along the Daniels Parkway corridor and now, as prices climb in those neighborhoods, it has again reached the Colonial corridor, Thibaut said.
A 6,000-square-foot amenity center just opened this week at the new Lindsford community in Fort Myers.
While it has all the typical clubhouse features such as a resort pool, tennis, basketball, bocce, fishing pier, fitness room, locker rooms, card and social room, catering kitchen and playground, it also has something different. Adjacent to the fitness room is a children’s play area with toys, books, games, a giant chalkboard and more. Parents can work out in on the equipment and watch their children play.
“This is something parents will use,” said Anthony Solomon, executive vice president The Ronto Group. “It is a safe place for them (children) to play while their parents work out.”