Condominiums Drive $234M Ultra-Luxury Development in Naples

Monday, 26 August 2024, 09:44

Condominiums are rapidly evolving in Naples as Apollo dishes out $234 million for an ultra-luxury development. This upscale project marks a significant milestone for the city's real estate market, offering an exclusive residential experience. The Rosewood Residences Naples promises unparalleled amenities and lavish living spaces.
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Condominiums Drive $234M Ultra-Luxury Development in Naples

Transformative Condominiums in Naples

Apollo Global Management has funded a remarkable $234 million construction loan to support the development of ultra-luxury condominiums in Naples, the Rosewood Residences. The financing, averaging $5.57 million per unit, aims to elevate the residential landscape along the scenic Gulf Shore Boulevard.

Exceptional Features and Amenities

  • Strategically located at 1601 Gulf Shore Boulevard.
  • 42-unit waterfront community with an impressive 5,200 square feet average per unit.
  • Penthouses designed with 9,600 square feet of luxury living.
  • High-end outdoor kitchens and two expansive terraces per unit.
  • Community amenities including multiple pools, spas, game rooms, lounges, and private beach access.

Expected completion is set for the third quarter of 2026, positioning the Rosewood Residences as Naples’ exclusive ultra-luxury residential offering.

Market Context and Future Prospects

The Ronto Group acquired the site, a former 32-condo complex known as Mansion House, for $167 million in 2022, showcasing a shift towards high-end condominiums fueled by the aftermath of Hurricane Ian. The luxury development landscape in Naples is rapidly evolving, as property owners explore opportunities following the city’s post-hurricane redevelopment efforts.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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