- December 13, 2025
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Luxury project developer files plans
Parker and Mark Borelli, the owners of Borelli Construction of Naples, have submitted plans for a new luxury development on the site of the Naples Harbour Club cooperative. The plans, according to a statement, were filed with the city’s design review board and call for 14 boutique single-family style residences, each with private garages, personal elevators and outdoor living spaces. There will also be a bay front pool and an over-water dock lounge area. Prices start at $6.5 million, according to the property's website. Harbour House Naples, as the development is called, will be built at 1624 Gulf Shore Blvd. N. It is near several other luxury condo projects already in the works. According to JLL Capital Markets, Naples Harbour Club cooperative, made up of 20 units on 1.41 acres, was sold in June for $17.5 million. Harbour House Naples, in its statement, says the property was heavily damaged by storm surge during Hurricane Ian in 2022. As for who the buyer and developer are, JLL doesn’t say in its statement. And Harbour House Naples, in its statement, refers to the property’s owner as “a Southwest Florida-based development group.” A copy of the deed shows the buyer is an LLC named 1624 Gulf Shore. Both the deed and Florida’s Division of Corporations database show the LLC’s address as 3605 S. Town Center Drive, Suite A in Las Vegas. Parker Borelli, in a phone interview Friday evening, says the Las Vegas address is one used by multiple LLCs and that his family, along with investors, own and are developing the project. “I can guarantee you that I have multiple millions of my own personal dollars invested in that dirt,” Borelli says.
Shopping center near beaches sells
Belleair Bazaar, a retail center near Indian Rocks Beach, has sold to an Alabama real estate investment firm. The center at 2901 West Bay Drive sold for $13 million, according to Pinellas County records. The buyer is Shannon Waltchack, a Birmingham investor. The firm bought the center through one of its funds, SW Neighborhood Centers II. The property was previously owned by Tampa-based Cardinal Point Management which, according to county records, paid $7.75 million for it in 2018. The 2.66-acre Belleair Bazaar has 29,603 square feet of retail space and 9,271 square feet of second-story office space. The retail space, which is 96% leased, has a tenant mix that includes Bonefish Grill, Cold Stone Creamery, State Farm and Maggie Mae’s on the Bluffs. The property is just off the Belleair Causeway that connects the mainland to the county’s gulf beaches. JLL’s Jorge Portela, Danny Finkle and Kim Flores represented Cardinal.
Buyers plan to turn sites into storage facilities
Eshenbaugh Land Co., a Tampa commercial real estate firm, has sold an 8.62-acre parcel in Riverview. The property is at the corner of Symmes Road and Trotwood Drive. It sold for $1.96 million. The frim says the new owner plans to build a combination of self-storage units and RV/boat storage on the site. Eshenbaugh also brokered the sale of 1.82 acres within The Shoppes of Dade City just off U.S. Highway 301 and Clinton Avenue in Pasco County. The property sold for $1.7 million and the owner is planning to build a climate-controlled self-storage facility on the site. Eshenbaugh did not disclose the buyers or sellers specific addresses, saying the parties requested privacy. The firm’s Chase Colliers brokered the Riverview sale. Michael Strahan and Chris Bowers brokered the one in Pasco.
Industrial property with retail residential mix sold
A Polk County investor has bought a 15,090-square-foot industrial property in Winter Haven. The buyer, an LLC named Silver Lake Apartments, paid $1.1 million for the property at 3545 Recker Highway, about 12 miles west of Lakeland. The previous owner, Cabessa Property Management, paid $660,000 for it in 2022. CBRE, which represented Cabessa and announced the sale, says it sits on .98-acres and features 30 small-bay units across four buildings. The property consists of three retails units, 25 storage spaces varying in size, 29 parking spaces, a manager’s apartment and a single-family residence. It is 50% occupied, allowing for the new owners to increase occupancy and raise below market in-place rent, says CBRE. The firm’s Tyler Kuhlman and Luke Hansen represented Cabessa.
Arizona grocer opening store, hiring 100 employees
Sprouts Farmers Market is opening a new store in South Sarasota County and is hiring nearly 100 people. The new store is at 1120 Jacaranda Blvd. in Venice and scheduled to open Nov. 14. The Arizona grocer says it is one of two opening in the state that day. The other is at 3411 32nd Place S., St. Petersburg. Sprouts is holding a job fair Sep. 30 and Oct. 1at the Venice Community Center on Nokomis Avenue for the Venice location. Among the positions it is looking to fill are department managers, cashiers, courtesy clerks and receivers. Hiring details were not available for hiring at the St. Petersburg store. Sprouts has 478 stores in 24 states and employs 35,000. In Florida, it has 58 stores, 23 of them along the Gulf Coast.
Miami buyer picks up local shopping center
An affiliate of a Miami property investment firm specializing in retail has purchased a Manatee County shopping center. CORE Investment Management says in a statement that Cortez Plaza was sold to an unnamed affiliate. The seller is an LLC tied to Hackney Real Estate Partners of Richmond, Virginia. The purchase price was $39.4 million, Core Investment Management Managing Principal Michael Lapointe says in an email to the Business Observer. The more than 260,000-square-foot retail center is anchored by LA Fitness and Sprouts at the intersection of US 41 and Cortez Road West, where more than 100,000 cars pass daily, according to a statement. In addition to Sprouts and LA Fitness, other tenants include PetSmart and Burlington. The site also benefits from newly developed outparcels where Chick-fil-A and Starbucks are now located, and its proximity within a mile of the former DeSoto Mall, which is currently being redeveloped, according to the statement. The 52-acre mall is being turned into apartments through multiple projects.
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