Recent developments are reshaping downtown Naples, Florida, with new luxurious projects and notable sales capturing the attention of residents and visitors alike.
Development Partners International LLC, led by Naples residents Fred Pezeshkan and Jerry Starkey, recently broke ground on Aura at Metropolitan Naples, located at the prime intersection of Fifth Avenue South and Davis Boulevard. This ambitious project promises to add 56 residences to the vibrant downtown area, with options ranging from two-bedroom-plus-den units to expansive four-bedroom designs.
Each residence will boast impressive square footage, ranging from 1,890 to 6,335 square feet, with prices starting at $2 million and climbing to over $7 million. Residents can expect lavish amenities, including a sky pool, fitness center, yoga studio, and fifth-floor residents' lounge. Additional facilities will include an on-site business center, conference room, outdoor kitchen, grilling area, fire pits, and even a putting green, making Aura at Metropolitan Naples the epitome of luxurious living.
The enthusiasm doesn't stop there; Naples has seen another high-profile transaction recently involving the historic retail and office building at 765-799 Fifth Avenue South. This property, which has long been integral to Naples' charm, was sold with details of the purchase price remaining undisclosed by its new owner, NECO 765 5th Avenue South, another LLC closely associated with local investment circles. The sale, announced by Trinity Commercial Group, occurred on January 17, following its previous acquisition for $27 million by the Nighthawk Group LLC.
Doug Olson, of Trinity Commercial Group, remarked on the future vision for this site, stating, "The new ownership’s vision of introducing something unique and luxurious aligns seamlessly with the Nighthawk Group’s aspirations for the site." The building is home to diverse tenants, including Wind in the Willows, a boutique offering unique women's fashion and accessories, alongside John R. Wood Properties, which has made its long-term home there.
Naples has also welcomed the lavish Perry Hotel, situated along the picturesque Cocohatchee River. This boutique hotel is the second venture from the acclaimed Perry brand known for its flagship location in Key West. With 160 guest rooms, including one-bedroom suites featuring private balconies, the hotel aims to attract both vacationers and locals. Matthew Strunk, the hotel's general manager, expressed pride about their thoughtfully executed design. He commented, "Every detail of the hotel has been thoughtfully design, and our passionate team is committed to delivering memorable experiences."
The interiors reflect coastal themes and modern industrial styles, with concrete floors and steel accents providing the perfect backdrop for hotel guests. An exciting feature is the hotel’s rooftop restaurant, Tigress, which is helmed by notable chef Dale Talde, known for his appearance on Top Chef. Talde is excited about the new dining concept, stating, "I’m thrilled to bring a fresh dining concept to Florida... blending my love of Cantonese cuisine with the drama of a classic steakhouse."
To complement the dining experience, the hotel has also introduced the rooftop open-air cocktail lounge, Easy Tiger, where guests can sip on craft cocktails by renowned mixologist Lynnette Marrero, all the more enhancing the experience of gazing over scenic views of the Gulf of Mexico.
With nightly rates starting from $299, The Perry Hotel Naples also provides unique activities such as guided kayak tours and fishing trips, making it attractive for those seeking adventure and luxury.
These developments—Aura at Metropolitan Naples, the sale of the Fifth Avenue property, and the opening of The Perry Hotel—signal not only the growth of downtown Naples but also its evolution as a sought-after destination for living and leisure. The area continues to thrive and capture the essence of luxury and innovation, drawing more residents and visitors to its beautiful surroundings. The vibrant market dynamics and upscale offerings create exciting opportunities, painting Naples as the place to be, whether for relaxation, culinary journeys, or luxurious living.