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New Gulfshore Playhouse Coming to Downtown Naples

 

New Gulfshore Playhouse Coming to Downtown Naples

By Harriet Howard Heithaus of the Naples Daily News

Philanthropists Patty and Jay Baker held out a strong hand to Gulfshore Playhouse Wednesday, announcing a $10 million matching grant for a proposed theater to be built on Goodlette Road adjacent to the Naples Square development at U.S. 41 South.

“We believe in the community and we believe in Gulfshore Playhouse,” said Patty Baker, echoed by her husband: “We want to give back to the community we live in. It’s Patty’s philosophy: ‘You should lay eggs for every nest.’ ”

The former president of Kohl’s Department Stores and his wife, who jointly backed Broadway musicals such as the Tony-winning “Memphis,” have bestowed major gifts on the arts before. The Baker Museum at the Artis—Naples complex was named for them after a $10 million gift to that institution.

See link to full article in Naples Daily News:  New Naples Gulfshore Playhouse

 

 

# Ferrari Capital Club # Clark Pear # 898 5th Ave South # Naples # 5th Ave South # Commercial Real Estate # Commercial Development # Ferrari Capital Club and Hotel # Real Estate # Entrepreneurs # Making Money # Start Ups # Tim McClean # BB&T # Naples Real Estate # Commercial Financing # Olde Naples # 5th Ave South # Four Corners of Naples # Gulfshore Playhouse # Olde Naples # city of Naples # Naples Square # Bayfront # Gateway Triangle # Gulfshore Life  Four Corners of Naples # 898 5th Ave South # Four Corners Building # Hoffman Commercial Real Estate # Naples Daily News

East Naples to Undergo Transformation Into Luxury HotSpot

Gateway Triangle Video

Gateway Triangle = Luxury Hot Spot

EAST NAPLES –

Big plans are in the works to transform East Naples into Collier County’s newest luxury hotspot.

This is at US-41 and Davis Boulevard — more commonly known as the “Gateway Triangle.”

A new skyline, and setting a new tempo for East Naples development will transform the area into something unrecognizable. Think Mercato or Coconut Point — only taller.

Renderings show an 18-story condo building, 11-stories for office space and a 10-story hotel with a rooftop restaurant.

“With all of the places to go to, I think this is a pretty good idea,” said visitor Jean Paulpori from Chicago.

The goal is to attract more tourists and make East Naples a destination, like downtown, or North Naples.

“This place has a lot of potential. I’m a tourist, and there are a lot of good people here. I think this would be good thing for the community here,” said Paulpori.

Plans also include numerous restaurants, an upscale boutique movie theater, and of course, a parking garage.

We found out the developer, Real Estate Partners International, is negotiating with Collier County after their $6.4 million offer.

On Thursday, we noticed most businesses on the industrial, partially abandoned strip have either moved out or will do so by next week.

“We’re pretty sad that we have to go, but they have other plans for this location,” said Marie Galvan, owner of Union Motors.

The company is spending their last few days at their current shop and about ready to open a new one a few blocks away.

“This is going to be a very, very busy [and] exciting, exciting area to be in,” said Galvan.

County leaders need to approve a zoning variance to build as high as the renderings show. We’re told negotiations are going well and should be done by the end of April.

Permitting, demolition and construction will, however, take years to complete.

Gateway Triangle.jpg

# Ferrari Capital Club # Clark Pear # 898 5th Ave South # Naples # 5th Ave South # Commercial Real Estate # Commercial Development # Ferrari Capital Club and Hotel # Real Estate # Entrepreneurs # Making Money # Start Ups # Four Corners of Naples # Sushi Thai # Olde Naples # Ferrari Capital Club and Hotel # Real Estate Investments # Gulfshore Life # East Naples # Golden Triangle # Gateway Triangle # Gulfshore Life # Naples Daily News  # Real Estate Partners International # Jerry Starkey # Fred Pezeshkan # Gateway Triangle # Bayshore Redevelopment

Gladiator of Commercial Law

Hanging with a Gladiator of Commercial Law!! Stellar guest speaker spot today at my Ferrari Capital Club by Joshua Rudnick www.wwmrglaw.com. Josh has been involved in 1000’s of transactions and worked with some of the biggest developers in the state!! Plus he has an entire litigation backing him if things get ugly and you need to go into battle 😉 Thank you Josh!!

 

Ferrari Capital Club

# Commercial Law # Real Estate Development # Commercial Real Estate # Clark Pear # Naples Real Estate # Real Estate # Commercial Real Estate Law # Commercial Real Estate Litigation # Real Estate Investment # 5th Ave # 5th Ave Naples # Clark J Pear # Superman of Real Estate #  Ferrari Capital Club # Naples Law # Josh Rudnick # Real Estate Law # Four Corners of Naples # 898 5th Ave South # Four Corners Building # Hoffman Commercial Real Estate

PearMan say “Too Much Landscaping Better Than not Enough”

PearMan say, it’s better to have too much landscaping than not enough!! Christian Andrea of Architectural Land Design gave an awesome presentation today about the importance of landscaping, the process, current and future projects…Notably Christians work can be seen in Mediterra, Bonita Bay, Naples Square and all over homes in Olde Naples…Thank you Christian!!Christian Andrea

lush-landscaping

Ferrari Capital Club

# Ferrari Capital Club # Clark Pear # 898 5th Ave South # Naples # 5th Ave South # Commercial Real Estate # Commercial Development # Ferrari Capital Club and Hotel # Real Estate # Entrepreneurs # Making Money # Start Ups # Naples Real Estate # Naples Four Corners of Naples # Christian Andrea # Bonita Bay # Mediterra # Naples Square # Christian Andrea # Olde Naples # Naples # Naples Pier # Ferrari # Commercial Real Estate Investments #  Four Corners of Naples # 898 5th Ave South # Four Corners Building # Hoffman Commercial Real Estate

Gateway Triangle property could see hotel, retail, condos and more

By Greg Stanley of the Naples Daily News

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

 

# Ferrari Capital Club # Clark Pear # 898 5th Ave South # Naples # 5th Ave South # Commercial Real Estate # Commercial Development # Ferrari Capital Club and Hotel # Real Estate # Entrepreneurs # Making Money # Start Ups # Naples Real Estate # Gateway Triangle # Jerry Starkey # Fred Pezeshkan # Donna Fiala # Bayshore Gateway Redevelopment # East Naples # Real Estate Development Partners # Olde Naples New Naples #

Matt Kragh Celebrity of Architects visits the Ferrari Capital Club

It was great to have Naples own Matt Kragh of MHK Designs www.Mhkap.com speak today at my weekly Ferrari Capital Club MasterMind session!! West Indies explosion and importance of using locals!!…Big ThanksTo Matt!!

Ferrari Capital Club

# Ferrari Capital Club # Clark Pear # 898 5th Ave South # Naples # 5th Ave South # Commercial Real Estate # Commercial Development # Ferrari Capital Club and Hotel # Real Estate # Entrepreneurs # Making Money # Start Ups # Olde Naples # Matt Kragh # MHK # Naples Square # Hyatt House on 5th # Hyatt House # Naples Hyatt House on 5th # Naples Real Estate # Commercial Investments # Chub Key  # Four Corners of Naples # 898 5th Ave South # Four Corners Building # Hoffman Commercial Real Estate

Todd Gates guest speaker at Ferrari Capital Club in Naples

Great to have Todd Gates of Gates Inc in the house today at my weekly Ferrari Capital Club meeting!! Todd is currently doing construction for two of the biggest commercial real estate projects in the state of FL!! His story to success was truly inspirational and the tips he shared were priceless $$$ Thank you Todd!!  www.gatesinc.com

Gates Inc

Ferrari Capital Club

# Ferrari Capital Club # Clark Pear # 898 5th Ave South # Naples # 5th Ave South # Commercial Real Estate # Commercial Development # Ferrari Capital Club and Hotel # Real Estate # Entrepreneurs # Making Money # Start Ups # Commercial Construction # Todd Gates # Gates Construction # Gates Inc # Seminoles # Golisano Childrens Hospital # Olde Naples # Four Corners of Naples # Naples Real Esate #  Four Corners of Naples # 898 5th Ave South # Four Corners Building # Hoffman Commercial Real Estate

 

Hyatt House on 5th Ave Open For Biz

Naples Hyatt House on 5th

Congratulations to Bill Finfrock and company!!! Hyatt House on 5th is now open!!!

Title:
New Hyatt House opens on Fifth Avenue and Gordon River

By June Fletcher of the Naples Daily News

Sporting a metal and crystal chandelier in the lobby resembling dangling jellyfish, the new $31 million Hyatt House Naples/5th Avenue has opened its doors for business.

Set on a little more than 4 acres, the 135,000-square-foot hotel and attached 80,000-square-foot parking garage occupies a prime spot on the Gordon River that once was the site of Joe’s Crab Shack and a nearby marina.

See link to full article in Naples Daily News:  Hyatt House on 5th Open for Business

 

13-315 Hyatt Naples Hotel - Main Lobby - R1-2015-08-28

# Ferrari Capital Club # Clark Pear # 898 5th Ave South # Naples # 5th Ave South # Commercial Real Estate # Commercial Development # Ferrari Capital Club and Hotel # Real Estate # Entrepreneurs # Making Money # Start Ups #  Four Corners of Naples # 898 5th Ave South # Four Corners Building # Hoffman Commercial Real Estate # Hyatt House on 5th # Naples Hyatt House # Finfrock Industries # Bill Finfrock # Naples Redevelopment # Naples Greenway # Gordon River # Olde Naples New Naples # Naples Real Esate # Naples  Hotels # Hotels Naples

Naples Hyatt House to be First Using Patented Construction Method – THIS IS HUGE!!!!!

Entrance to Hyatt Hotel - Pool Aerial

NAPLES, Fla. – An Orange County developer paid $7.25 million last month for two properties on the Gordon River, allowing site work and construction on the Hyatt House Naples resort hotel to move forward.

And when the 189-room, extended-stay, waterfront hotel starts going up in March, it will be the first time nationwide that the developer’s newly patented construction methods will be used on a large project, cutting construction time by nearly half.

“A lot of the work is done here so it’s built much faster and saves costs,” said Bill Finfrock, owner of Finfrock Construction of Apopka. “We’ll construct the hotel in Naples in about 10 months. It would normally take 18 months.”

See link to full article in Naples Daily News:  Hyatt House on 5th Uses Patented Construction Method

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# Ferrari Capital Club # Clark Pear # 898 5th Ave South # Naples # 5th Ave South # Commercial Real Estate # Commercial Development # Ferrari Capital Club and Hotel # Real Estate # Entrepreneurs # Making Money # Start Ups #  Four Corners of Naples # 898 5th Ave South # Four Corners Building # Hoffman Commercial Real Estate # Hyatt House on 5th # Naples Hyatt House # Finfrock Industries # Bill Finfrock # Naples Redevelopment # Naples Greenway # Gordon River # Olde Naples New Naples # Naples Real Esate # Naples  Hotels # Hotels Naples

Closed Baby Closed!!

Rendering IIRendering

Finfrock Industries (www.finfrock.com) closed on purchase of 4.25 acres on the water in downtown Naples, FL yesterday and is now set for construction of 189 room Hyatt House.  The deal was just over 12 months in the making.  Construction to start 1st quarter 2015 utilizing Finfrocks patented dual deck construction system.  The hotel is planned to be completed and ready for operation by the end of 2015.  The hotel will be an epic addition to cap off the East end of 5th Ave and will be much welcome to the downtown Naples area.  Everyone is raving about the interior and exterior design crafted by local star architect MHK and looking forward to completion.  The deal was brokered by Clark Pear of Premiere Plus Realty.  When asked how he managed to broker a deal that was not for sale he said “That’s what I do…I bring my investors the best deals on the planet that are not for sale”  To view renderings click link: Hyatt House

13-315 Hyatt Naples Hotel - Main Lobby - R1-2015-08-28

# Ferrari Capital Club # Clark Pear # 898 5th Ave South # Naples # 5th Ave South # Commercial Real Estate # Commercial Development # Ferrari Capital Club and Hotel # Real Estate # Entrepreneurs # Making Money # Start Ups #  Four Corners of Naples # 898 5th Ave South # Four Corners Building # Hoffman Commercial Real Estate # Hyatt House on 5th # Naples Hyatt House # Finfrock Industries # Bill Finfrock # Naples Redevelopment # Naples Greenway # Gordon River # Olde Naples New Naples # Naples Real Esate # Naples  Hotels # Hotels Naples

 

Finfrock Industries Ready to Launch New Patented Construction Process for Hyatt Hotel in Naples

Got to tour Finfrock Industries manufacturing plant yesterday: www.finfrock.com Fascinating stuff…Finfrock and his team construct parking garages, hotels, student housing, etc…they actually manufacture the components to be constructed at their plant then ship them to construction site to assemble in about 1/2 the time it takes a normal construction company…the end product is superior and much more cost effective than anything else out there…of special interest also was a new form of construction Finfrock just patented called the dual deck system…it incorporates ceiling and floor of hotel, student housing, etc in one piece with electrical and plumbing already in place before it’s shipped to construction site!! This new and revolutionary form of construction utilizing high tech lasers and a brand cutting edge manufacturing plant Finfrock Plant I Finfrock Plant II Finfrock Plant IIIwill be used for the first time right here in Naples, FL with finfrock as developer and construction company to construct a deal that I am broker on for the Hyatt Hotel to be built at 1345 5th Ave South…Big thanks to my main man Bill Finfrock for the tour…. See More

Hyatt Hotel Approved!! Full Entitlements received for Hyatt House Hotel in Downtown Naples

City Hall After Final Design BrainstormingHyatt Shot I Hyatt Shot II Hyatt Shot IIISuperMan Logo

My Client Bill Finfrock from Finfrock Industries received full entitlements for development of 189 room Hyatt Hotel in Downtown Naples located on the water yesterday…Congratulations Bill!!  The Project will be a huge plus for City of Naples bringing many jobs, increasing tax base, creating more tourism and additional expenditures, and improving the overall aesthetics of the downtown Naples area…A perfect way to cap of 5th Ave!!  The design will be epic!!  Big thanks to John Passidomo, MHK Designs, and Pickett Engineering to help take the project to full entitlement…Construction slated to start first week in January 2015…

NAPLES, Fla. – The proposed waterfront Hyatt House Naples resort hotel moved another step closer to fruition Wednesday, when City Council granted conditional approval for a parking analysis and garage and allowed the hotel to be seven feet higher than city code allows.

The 6-1 vote, with Councilwoman Teresa Heitmann opposing, approved plans for the 16,317-square-foot, three-story luxury hotel at 1345-1355 Fifth Ave. S., near the intersection of River Point Drive and the bridge over the Gordon River. Heitmann wanted reassurances about parking and cited concerns it would be in the flight path of planes departing and arriving at Naples Municipal Airport.

The 189-room hotel, approved by the Planning Advisory Board, Naples Airport Authority and Design Review Board, still must receive final design approval before building permits are granted. It also must receive state Department of Environmental Protection approval, but architect Matt Kragh has said that’s expected because plans ensure the river’s water quality would be improved.

See full article in Naples Daily News

# Ferrari Capital Club # Clark Pear # 898 5th Ave South # Naples # 5th Ave South # Commercial Real Estate # Commercial Development # Ferrari Capital Club and Hotel # Real Estate # Entrepreneurs # Making Money # Start Ups #  Four Corners of Naples # 898 5th Ave South # Four Corners Building # Hoffman Commercial Real Estate # Hyatt House on 5th # Naples Hyatt House # Finfrock Industries # Bill Finfrock # Naples Redevelopment # Naples Greenway # Gordon River # Olde Naples New Naples # Naples Real Esate # Naples  Hotels # Hotels Naples # John Passidomo # Naples Daily News

 

For the Best Deals in the Universe and Legendary Service 239-571-0627

Bidding war erupts over hot downtown Naples property

Naples on Friday April 25, 2014.

NAPLES — A bidding war has erupted over the storied — and sometimes headline-grabbing — Four Corners building on the southwest corner of U.S. 41 and Ninth Street South in downtown Naples.

Once the home of a pop star’s restaurant and a movie star’s art, the mixed-use building is on the market for $6.8 million.

“The response has been overwhelming,” said listing agent Clark Pear of Premiere Plus Realty, who has been quietly marketing the property since December. “I get five to 10 calls on it a day.”

With interested buyers from the Northeast, Midwest, Canada and Europe, he expects the property eventually will sell for about $7 million.

The three-story, cupola-topped building at 898 Fifth Ave. South has had a colorful past.

On a 0.2-acre site that originally housed a gas station, the 16,714-square-foot structure was built in 1997. The first two floors were devoted to commercial uses, the top to apartments.

In the Metcalfe Klopfer Gallery on the second floor, an art dealer who lived in the building used to display the art of movie star Anthony Quinn, said the actor’s longtime friend, Sandra Figge.

Quinn visited occasionally. In 1997, the 82-year-old star of “Zorba the Greek” was married to his third wife, Kathy Benvin, 35, at Figge’s Bay Colony home by former Naples Mayor Bill Barnett.

Meanwhile, a number of restaurants cycled through the building over the years, including Hofgarten Brauhaus, Royal Courtyard, Armadillo’s, and Viva on 5th.

Some drew controversy.

In 2004, Zen Sushi Bar & Asian Grill opened its doors, owned by Naples resident Robert Daly in partnership with former ‘NSync boy-band singer JC Chasez. Ownership battles and financial woes forced the eatery into bankruptcy, and the restaurant re-emerged with a new name — Zen — and new ownership a year later.

But Zen’s owners contended the building suffered from leaks and mold, and refused to pay rent to then-building owners 898 Fifth Avenue South Corp. Zen closed its doors in 2007 and was replaced by another Oriental-themed restaurant, Sushi-Thai.

In 2008, Sushi-Thai made headlines when police found the restaurant was violating its live entertainment permit by running a nightclub with scantily clad women who performed lap dances for tips. The restaurant agreed to close the club, and continues to operate an eatery at the site.

Meanwhile, 898 Fifth Avenue South Corp. lost the property to foreclosure in 2009 and Marolax Naples acquired it.

Pear said the two Marolax owners, who are German, are selling because they are retiring.

He added that the building recently was renovated and upgraded and is “in excellent shape.”

Besides Sushi-Thai, the Four Corners building houses four apartments on the third floor. Naples Laser and MedSpa, which includes a hair salon, opened on the second floor in December.

While the current leases will remain in place, Pear said the building also eventually could be used for a boutique hotel, condos, retail or offices.

While the commercial market has been slower to recover from the recession than residential, Fifth Avenue has been booming of late. Last year, more than two dozen new businesses popped up on the street, and rents are on the upswing.

Within the past year, one high-end sale happened, too: the former St. George and the Dragon restaurant building at 936 Fifth Ave. South, which sold for $5.2 million in January.

Naples commercial broker Wes Kunkle says Fifth Avenue is “the place to be when buying or leasing property.”

“There’s a waiting list,” he said. “It’s a sign of good times coming.”

Naples Med Spa Grand Opening a Huge Success

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Naples Med Spa had their grand opening on 5th Ave this past Friday February 28, 2014 at the Four Corners Building (http://www.loopnet.com/lid/18246824) and was a HUGE success… Attendance was high at the event and everyone got a preview of the new facility offering Botox™, Dysport™, and dermal fillers such as Radiesse, Juvederm and Restylane…Naples Med Spa is destined to make Naples more beautiful than ever 😉  www.naplesmedspa.com 

Zebolsky aces her state real estate test….home prices predicted to rise 30%…Naples market will never be the same :-)

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Home prices, rents expected to rise in SW Florida next year

By JUNE FLETCHER
Wednesday, December 11, 2013

Tis the season for predictions.

In real estate, a new report by Cary, N.C.-based research firm Local Market Monitor predicts double-digit growth in both home prices and rents for both Naples-Marco Island and Cape Coral-Fort Myers in 2014.

This partly will be due to inflation, which the firm’s president Ingo Winzer expects will rise from current levels to 3 or 4 percent “fairly soon.”“Inflation won’t be rampant, but you can’t keep printing money forever,” he said. But other market forces will also be at play, propelling Southwest Florida to faster home price appreciation and rent growth, the report said.

For Naples-Marco Island, the firm predicts home values will accelerate by 12 percent over the next 12 months, on par with expected statewide increases but a faster pace than the national pace of 8.1 percent. It’s also faster than the area’s average home price growth of 8 percent, to $268,525, over the last 12 months. The report forecasts 10 percent price appreciation in both 2015 and 2016. Though home prices in the metro area have been on the upswing for months, they’re still 19 percent undervalued due to the metro area’s high incomes, Winzer said.

A 1.5 percent increase in population has swelled demand, drawn partly by gains in jobs, particularly in tourism, health care and retail. Over the past 12 months, jobs have grown by 7.6 percent, compared to a national increase of 1.7 percent. Increase in demand also is expected to push up rents by 17 percent over the next three years, to an average of $1,273 a month. “It’s booming for us,” said June Prophet, rental division regional manager for Berkshire Hathaway Home Services in Naples, adding demand is strong for both annual and seasonal rentals in Southwest Florida. In Cape Coral-Fort Myers, the report forecast home prices will rise by 12 percent over the next 12 months. Then price growth will moderate to 9 percent in 2015 and 8 percent in 2016. Currently, average home prices are $176,560, up 12 percent from a year earlier.

Yet demand remains weak, resulting in homes that are underpriced by 26 percent, the report said. Job growth in the area has lagged Naples-Marco Island at 2.6 percent, but still outpaces the national increase of 1.7 percent.

Population is growing, too, up 2.1 percent last year, though that is far below the peak level of 2005, when a flood of newcomers pushed it up 5 percent year over year.

The report also predicted Cape Coral-Fort Myers rents will rise 13 percent over the next three years, to an average of $1,148 a month.

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Home prices, rents expected to rise in SW Florida next year

By JUNE FLETCHER
Wednesday, December 11, 2013

Tis the season for predictions.

In real estate, a new report by Cary, N.C.-based research firm Local Market Monitor predicts double-digit growth in both home prices and rents for both Naples-Marco Island and Cape Coral-Fort Myers in 2014.

This partly will be due to inflation, which the firm’s president Ingo Winzer expects will rise from current levels to 3 or 4 percent “fairly soon.”“Inflation won’t be rampant, but you can’t keep printing money forever,” he said. But other market forces will also be at play, propelling Southwest Florida to faster home price appreciation and rent growth, the report said.

For Naples-Marco Island, the firm predicts home values will accelerate by 12 percent over the next 12 months, on par with expected statewide increases but a faster pace than the national pace of 8.1 percent. It’s also faster than the area’s average home price growth of 8 percent, to $268,525, over the last 12 months. The report forecasts 10 percent price appreciation in both 2015 and 2016. Though home prices in the metro area have been on the upswing for months, they’re still 19 percent undervalued due to the metro area’s high incomes, Winzer said.

A 1.5 percent increase in population has swelled demand, drawn partly by gains in jobs, particularly in tourism, health care and retail. Over the past 12 months, jobs have grown by 7.6 percent, compared to a national increase of 1.7 percent. Increase in demand also is expected to push up rents by 17 percent over the next three years, to an average of $1,273 a month. “It’s booming for us,” said June Prophet, rental division regional manager for Berkshire Hathaway Home Services in Naples, adding demand is strong for both annual and seasonal rentals in Southwest Florida. In Cape Coral-Fort Myers, the report forecast home prices will rise by 12 percent over the next 12 months. Then price growth will moderate to 9 percent in 2015 and 8 percent in 2016. Currently, average home prices are $176,560, up 12 percent from a year earlier.

Yet demand remains weak, resulting in homes that are underpriced by 26 percent, the report said. Job growth in the area has lagged Naples-Marco Island at 2.6 percent, but still outpaces the national increase of 1.7 percent.

Population is growing, too, up 2.1 percent last year, though that is far below the peak level of 2005, when a flood of newcomers pushed it up 5 percent year over year.

The report also predicted Cape Coral-Fort Myers rents will rise 13 percent over the next three years, to an average of $1,148 a month.

Naples Laser and Med Spa – Ready to Make Everyone Beautiful at Naples Four Corners

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Naples Laser and MedSpa is proud to announce the opening of their beautiful new location in the Four Corners Building on 5th Ave in at 898 5th Ave South in December 2013.

The MedSpa is under the direction of renowned board certified plastic surgeon Dr. Andrew Turk, MD., FACS. Along with a highly educated and well trained staff that is dedicated to providing clients with the most advanced body and skin care regimes available anywhere.

Their services range from the latest in injectable therapy, such as Botox and Juvederm, to the most advanced laser treatments, facials, waxing, and make-up applications. They also offer a private full service hair salon and a complete line of skin care products that will provide maximum results in minimal time.

Their goal is to provide clients with the best service, products and treatments available for restoring and maintaining beautiful skin with a natural appearance in a beautiful spa like setting.

 Naples Laser and MedSpa looks forward to being your premier destination for exceptional, professional, non-surgical Medical Spa Treatments.

The placement was brokered by Clark J Pear of Premier Plus Realty, a leader in the downtown Naples commercial real estate, who felt Naples Med Spa was a  “natural fit for 5th Ave and at the four corners building”.  “I could feel the energy of success when I walked the team thru the doors of the building”

Naples Laser and MedSpa is located in the Four Corners Building, Suite 204, 898 5th Ave. South in Naples. For further information please call: 708.254.6211

 

 

 

Naples Real Estate Median Sales Prices up 22%!!

The market has turned in a serious way…seems like almost over night…the secret is out…Naples is the place to be…jump on board before I sell this place out 😀

MEDIAN PRICES CONTINUE TO CLIMB

FIVE MONTHS OF PRICE GAINS

Naples, FL (May 25, 2012) – Prices and optimism in the Naples Area housing market continue to climb. For the fifth consecutive month, the overall median prices have increased. We are seeing several signs of improvement for the Naples real estate market, according to a report released by the Naples Area Board of REALTORS® (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island). The median closed price increased 22 percent overall in April 2012 compared to April 2011. This coupled with the fact that inventory continues to decline reflects the strength of the Naples market.

 

“Further highlighting the positive statistics is the fact that a remarkable 78 percent of closed sales were in the traditional transactions category,” said Steve Barker, Supporting Broker with Amerivest Realty. “Traditional sales are at the highest level since we started tracking them in 2009.”

 

Mike Hughes, Vice President and General Manager of Downing-Frye Realty, Inc., agreed by stating, “The majority of business is traditional. In addition, inventory in all the geographic areas we track is down an average of 13 percent in April 2012 compared to April 2011.”

 

Dr. Shelton Weeks, Director of the Lucas Institute for Real Estate Development & Finance at Florida Gulf Coast University remarked, “The biggest thing about these statistics is the increase in traditional sales which has reached the high 70th percentile for April 2012. This is really big, possibly more important than price increase and stability in the market. It shows the market is clearing and healing itself.”

 

The April report provides annual comparisons of single-family home and condominium sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary.

 

The April sales statistics are presented in chart format, together with these Overall (single-family and condominium units) specifics:

  • The overall median closed price increased 22 percent from $185,000 in April 2011 to $226,000 in April 2012.
  • Overall pending sales increased 20 percent in the $500,000 to $1 million category from 895 pending sales to 1,070 pending sales for the 12-month period ending April 2012.
  • Overall inventory dropped by 13 percent from 8,214 in April 2011 compared to 7,130 in April 2012.
  • Overall closed sales increased 14 percent in the $500,000 to $ 1 million category from 760 units to 869, and rose 13 percent in the $1 million to $2 million category from 343 units to 389 for the 12-month period ending April 2012.
  • The average DOM (Days on the Market) decreased 30 percent in the $1 million to $2 million category from 345 days on the market in April 2011 compared to 241 in April 2012.
  • Overall pending sales in the Naples Beach area increased 14 percent from 1,675 to 1,913 and closed sales increased 17 percent from 1,437 to 1,678 for the 12-month period ending April 2012.

Jo Carter, President of Jo Carter & Associates, Inc. said, “The upper-end condos are selling, and selling faster. Closed sales of condos in the $1 million to $2 million category increased 28 percent and those in the $2 million plus category increased 20 percent for the 12 month ending April 2012 compared to April 2011. The average days on the market for both categories decreased 24 percent and 30 percent, respectively, for the 12-month ending April 2012 compared to April 2011.”

 

Ernesto Velasquez of United Real Estate remarked, “The majority of homes in foreclosure are being bought by investors at the under $300,000 range. Therefore, approximately three out of every four sales are traditional with only one being distressed.”

 

Cindy Carroll, of Carroll & Carroll stated, “Inventory in the $300,000 category and below is disappearing because rising value is pushing it up into higher price ranges.”

 

To view the entire report, visit http://www.NaplesArea.com

Naples Real Estate Update

 
  1. Short Sales
  2. Foreclosures
  3. Investor “flippers”
  4. Traditional transactions
It is relatively easy to extract whether a neighborhood is “in-balance” based on supply and demand. If the number of listings is equal to the number of sales in the last 12 months, it is a “balanced” market. In some cases, which I will discuss in this post, the absorption rate is less than a year. Any areas or price ranges, carrying 2 or more years of supply, are still experiencing downward pressure on pricing.
 
Another interesting point to consider is this: In Naples, approximately 60% of the closed sales are cash transactions. Cash buyers, especially with today’s strict financing guidelines, allow our market to “move along“.
 
Here are a few neighborhood observations:
  • Aqualane Shores: was at the “top of the market” in February of 2005 with less than a 4 month supply of houses on the market. In April of 2007 there was a 3.5 year supply. Currently there is approximately an 18 month supply, which has been virtually unchanged in about 2 years. Presently 37 “actives”, 5 homes under contract [pending], and 21 closed sales in the past 12 months.
  • NA 06 [Old Naples]:  Presently there is only a 10 month supply of single family homes for sale in Old Naples. This area peaked in February of 2005 with a 5 month supply. In December of 2008 there was a 3.2 year supply. There was a “balance” market reported for the first time in approximately 4 years in September 2011.     
  • NA15, the area between US 41 and Goodlette Road, is “on fire“! Currently there are only 26 active listings…27 “pendings” and 92 closed sales in the past 12 months!
  • NA 05 [Coquina Sands, The Moorings and Park Shore]: In September 2005 there was a 6 month supply…In September of 2007 there was a 4 year supply! Today’s inventory is only a 7 month supply! Great recovery!
  • Pelican Bay is one of the least variable neighborhoods. It never really got “over-supplied”, and never had the short sales and foreclosure numbers of other communities. In September of 2009 there was a 2.5 year supply, but the market has been balanced for awhile and presently there are 34 active single family homes, 13 under contract and 31 closings in the past 12 months.
  • Royal Harbor has one of the best stories in town! Just to give you a history of the area, in September of 2004 there was only a 3 month supply…In April of 2007 there was a 9.6 year absorption rate…As Cindy put it, “it was dreadful!” By November 2010 the Royal Harbor area had improved to a a 3 year supply, which still wasn’t great. Presently there are only 25 homes for sale, 16 pendings and 29 closed sales in the last 12 months. This equates to approximately a 10 month supply…a remarkable comeback!
  • Vanderbilt Beach area: A year ago had a 2+ year supply of inventory, presently only an 8 month supply.
  • Golden Gate Estates: NA 22, the Logan Woods and Oaks Blvd corridor, has been “artificially depressed” due to land values and the inability to finance vacant lots, but the single family home market presented itself with a shortage of inventory by November 2010, and today there is a very healthy 9 month supply!
  • The Grey Oaks single family market is “a bit of a mystery”…In September of 2005 there was less than a 6 month supply. In October of 2011 there was nearly a 4 year supply. Currently there are 43 actives and only 14 closed sales in the past 12 months.
The meeting ended on a high note. Predictions were made: Many neighborhoods will be back to our “last point of sanity“, 2004 prices, by year’s end. ~And, it is probable that values will go up 10% in the next 12 months! In any event, whether you are inclined to be optimistic or not, the facts speak volumes. Inventory is down in most neighborhoods, demand is great, interest rates are at record lows…The short sales and foreclosures are “clearing out”. It’s a great time to buy Naples Real Estate! Of course, as with any data, each isolated neighborhood, and types of housing in each area, should be evaluated on its own

Naples Voted 2nd Happiest Place to Live :-D

Naples Voted 2nd Happiest Place to Live 😀

Naples voted 2nd happiest place to live…no doubt about it you can not help but smile just because you live in Naples…and there has never been a better time to buy than right now…come on a join the party 😀