Richman Group to develop Naples multifamily project

Magnolia Pond land deal could yield 434 apartments


  • By
  • | 6:00 a.m. June 28, 2019
  • | 0 Free Articles Remaining!
  • Commercial Real Estate
  • Share

The Richman Group of Cos., the nation’s seventh-largest developer of apartments in the U.S. and a major multifamily presence along the Gulf Coast with dozens of holdings in Tampa and Clearwater, has acquired land to build a new community in Naples.

The Greenwich, Conn.-based firm invested $8.85 million to acquire a 43.4-acre tract known as Magnolia Pond in Collier County.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news

Latest News

Sponsored Content