Developer Stock Residences broke ground on The Ritz-Carlton Residences, Naples at Vanderbilt Beach Road and Gulf Shore Drive in North Naples. The Residences, which are slated to be completed in 2026, will feature 128 estate-like dwellings and penthouses spread throughout five boutique buildings. The 6-acre development is more than 50% sold, equating to $300 million in pre-construction sales. The Ritz-Carlton Residences, Naples will include three-, four-, and five-bedroom homes, penthouses and Grand Penthouses, which currently start at $3.7 million. Amenities include a 22-slip marina, verdant park with walking trails, a putting green, covered pavilions and The Vanderbilt Club, a 28,000-square-foot club with a grand owner’s atrium and lobby lounge, private restaurant, business center and coffee lounge, fitness center and a full-service spa. There will also be rooftop lounges, a kids’ room, a teen room with a Formula 1 simulator and a club lounge with a golf simulator and private theater. The project will have 22,000 square feet of outdoor amenities, including a resort-style pool, lap pool, cabana suites and fire pits.
Lee commissioners on June 3 unanimously agreed to move forward with planned federal grant funding for two multifamily affordable housing...
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