The final slice of the Gateway Triangle sold for $8.6 million Thursday for the redevelopment of a 10-story mixed-use project with hotel rooms and luxury condominiums where U.S. 41 East meets Davis Boulevard on the edge of Naples. The name of the 377,421-square-foot project is The Ellington, targeted to break ground in mid-January with a 20-month build time and a completion date near the end of 2023.
The 2-acre property at 1717 Tamiami Trail E., East Naples, was purchased by P6NT LLC of Fort Myers, registered to developer David Parker. The deal was confirmed by Parker and Mel Slawik of Land and Sea Commercial Realty, who brokered the sale of the property, which was listed by LandQwest Commercial.
The Ellington, a $100 million project managed by Indigo Road Hospitality Group, will include 126 guest rooms and suites. Additional residential condominiums will include two penthouse units. “The top floors of the hotel will be dedicated to residential use in the form of 24 highly amenitized, lifestyle-driven luxury residences,” reports Indigo Road Hospitality Group, based in Charleston, South Carolina.
Hotel guest rooms will be on levels two through six with residential condo units on levels seven through 10, architectural plans approved by Collier County show. A five-level parking garage will begin on the basement level with a total of more than 90,000 square feet of parking area.
A 5,100-square-foot restaurant will be on the first level with separate hotel and residential lobbies, meeting rooms and a 3,772-square-foot kitchen. An 18,351-square-foot hotel amenity deck on the fifth level includes a fitness center and a 3,644-square-foot bar. Other features will include a sculpture garden on the second level and a residential amenity deck on the top level.
The hotel will include several food and beverage venues, including a marquee restaurant concept from Indigo Road with outdoor terraces for al fresco drinking and dining, poolside venues and the catering of private events. Hotel rooms will include honeymoon and presidential suites.
Spaces for the hotel and the condominium will be divided so the public and private areas each will have their own separate dedicated parking, elevators, swimming pools and other amenities, Parker said. Sale of the condominiums will begin in early 2022. “We have had a very good reception on our pre-sale,” Parker said.
The acreage previously was the location of Union Motors Auto Center, but that business was razed in 2017. Adjacent businesses hosted Burger King, a nightclub, a flower shop and other small businesses over the years but the property has been cleared, vacant and fenced in for more than three years.
The Metropolitan Naples, another $250 million project of three-tower complex of luxury condos, shops and restaurants, is already under construction on 5 acres next door by developers Fred Pezeshkan and Jerry Starkey.
The Gateway Triangle site where the two mixed residential and commercial developments are being built has seen its share of plans fall through. The Ellington site was the location of another luxury condo-hotel proposal that failed. Likewise, the county’s Bayshore Gateway Triangle Community Redevelopment Agency sold the acreage for the Metropolitan Naples project after an earlier proposal to develop the land failed.