Naples ReDevelopment Inc. buys St. George and the Dragon site

BUYER: The George LLC (Naples Re-Development Inc.), Naples
SELLER: 936 Fifth Inc.
PROPERTY: 935 Sixth Ave. S. and 936 and 980 Fifth Ave. S., Naples
PRICE: $5.2 million
ATTORNEY ON DEED: George P. Langford, Naples

PLANS, DESCRIPTION: Naples ReDevelopment Inc. purchased the 10,381-square-foot former St. George and the Dragon restaurant for $5.2 million.

The price equated to $501 per square foot or $4 million per acre. That figure is higher than the two-year average price per square foot and acreage for retail space ($140 and $746,593, respectively) in Southwest Florida.