Estero Ritz hits sales record

The Ritz-Carlton Residences Estero Bay has hit a sales milestone.

The luxury tower complex under construction in the Saltleaf on Estero Bay community has topped the $700 million mark in total contracts signed. That includes selling three of its four penthouse units.

London Bay Development Group, which is developing the project, released a statement Wednesday touting the mark saying that the project “continues to see strong momentum as demand for luxury-branded condominium living in Southwest Florida accelerates.”