Charleston, South Carolina-based developer Greystar secured a $54.3 million loan through Centennial Bank for the construction of a 216-unit apartment complex in East Naples. Jeffrey Woodin, Centennial’s senior vice president and commercial team leader, orchestrated the transaction for the loan to build Marlowe Naples. The development is planned along Whitaker Road near the intersection of Santa Barbara Boulevard. The community plans to set aside 43 units for affordable housing for individuals who earn 50% to 80% of the area median income, project officials said. Ground clearing and construction is scheduled to begin June 1, and the first units are expected to be available to rent in August or September 2024.