New Construction Naples
High-Rise Living: Kalea Bay, Seaglass, Altaira & Aqua
There has a been a flurry of new high-rise activity from Naples up to Bonita Springs over the past few months. This segment of the Southwest Florida market has been dormant since the downturn but is now heating up again.
Just recently, investment firm Kohlberg Kravis Roberts & Co. and Gulf Bay Group bought the last remaining waterfront high-rise parcel in Pelican Bay for $80 million in cash. This new high-rise will be called Mystique, a 22-story, 87-unit condo which is currently in initial planning stages.
Soave Real Estate started on a new high-rise development called Kalea Bay in North Naples (off Vanderbilt Drive), whose rooftop deck is pictured below. There will be six stacks at Kalea Bay. See the full vision here.
Ronto Group announced in May 2014 its new 26-story Seaglass in Bonita Bay. Construction has begun on this tower that’s pictured below. Over $70 million in sales have been processed to date and only one penthouse residence remains. Read more about Seaglass here.
In November of 2014, WCI Communities announced plans to build 21-story tower … Altaira at The Colony Golf & Bay Club in Bonita. Construction is currently underway. Read more about this private oasis here.
Lastly, Aqua Naples, also on Vanderbilt Drive is building its second tower, next to Pelican Isle Yacht Club. Aqua features include 48 units in the first building and eventually 36 units in the second and final building. The first Aqua building was completed in 2008 and offers 11 floors over parking.