New Naples condos start at $30 million

Naples, Fort Myers and Charlotte

A nearly 9-acre industrial property has sold in Fort Myers. The parcel is at 16351 Old U.S. 41 and was bought by Keleck Holdings, a Fort Myers LLC. It paid $4 million for the 8.46 acre property. The previous owner, Bokeelia LLC, is tied to Georgia-based Cowart Industrial. It paid $350,000 for the property in 2015 according to Lee County property records. The sale was brokered by Alex Henderson, Max Molloy and Sawyer Gregory of LSI Cos., a Fort Myers commercial real estate firm. 

Delray Beach developer Kolter Urban says the starting price for a unit in a new Naples condominium complex it is building will be $30 million. The building, which will be called Olana Naples Residences, is going up on the site of the former Bahama Club condos at 1121 Gulf Shore Blvd. N., a property it bought last year for $102 million. A construction schedule was not immediately available but Kolter laid out some details of what $30 million — or more — will get you. The building will be six stories and be made up of 12 units. Each will be over 10,000 square feet and come with 5 bedrooms, 7 bathrooms and 2 powder rooms. They will all have 80 feet of unobstructed views of the Gulf of Mexico, Kolter says in an email detailing its plans. Amenities will include a gourmet kitchen, climate-controlled wine room and a soundproofed theater. Kolter is the developer behind several notable projects across the region, including The Ritz-Carlton Residences in Sarasota, Saltaire St. Petersburg, Hyde Park House in Tampa and The Island at West Bay Club in Estero. It announced last month that it paid $92.5 million for the former Executive Club condominium building down the road from Olana, at 3300 Gulf Shore Blvd.