Collier County commissioners approved a deal Tuesday morning to sell a rundown section of East Naples and develop it into a luxury entertainment and shopping center with two tall towers.
Davis Boulevard and US-41 is a main entry to downtown Naples from the east, but it’s not five acres of mostly abandoned lots and storage units.
Real Estate Partners International plans to build an 11-story hotel with a rooftop restaurant and an 18-story condo building. The space will look somewhat similar to the Mercato shops in North Naples, with retail, bars and restaurants at street level.
Still, the multimillion-dollar project is not set in stone.
The developer has 120 days to get support from the Naples Airport Authority to build the two towers because the project site is near the flight path to the Naples Municipal Airport.