The southern boundary between Naples and East Naples along U.S. 41 could become almost unrecognizable over the next year or two.
Collier County has received three offers from developers hoping to take over a 5-acre slot of county-owned land between U.S. 41 and Davis Boulevard. Commissioners will be asked Tuesday to rank the three proposals, one of which promises to build an 18-story condominium tower and 11-story hotel. Commissioners could give officials the go-ahead to start negotiating a contract with the top choice.
Local developers Jerry Starkey and Fred Pezeshkan of Real Estate Partners International have offered $6.4 million for the site, proposing to build an 11-story hotel with a rooftop restaurant, an 18-story condo high rise and a high-end movie theater along with a mixture of restaurants, apartments and storefronts in the remaining space.
See link to full article in Naples Daily News: Gateway Triangle Naples
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