Gateway Triangle goes to vote this Tuesday

East Naples Gateway Triangle

The Gateway Triangle purchase goes to vote tomorrow for purchase and development of 11 story hotel and 18 story condo.  Naples developers Fred Pezeshkan who developed most of 5th Ave South and Naples High Rise pairs up with hotel mogul Jerry Starkey to push redevelopment East of 5th.  Its been a long time coming.  Looking forward to the progress…

By Greg Stanley of the Naples Daily News

Collier County commissioners will consider a deal Tuesday that would bring an 11-story hotel and 18-story condominium tower to U.S. 41 East along the southern boundary of Naples and East Naples.

Local developers Jerry Starkey and Fred Pezeshkan of Real Estate Partners International have offered the county $6.4 million for 5 acres between Davis Boulevard and U.S. 41. The project would also include a mix of restaurants and storefronts along with a high-end movie theater and a rooftop restaurant.

The county has been trying to redevelop the site since the late 1990s. The proposed project is ideal, exactly what redevelopment officials hoped for when the county bought the land in 2009, said Jean Jourdan, operations manager of the county’s area redevelopment agency.

Read the rest of article in Naples Daily News

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