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Construction of the first Ritz-Carlton-branded Residences in Naples is underway.
The 128-unit project, from Naples-based Stock Development, through its Stock Residences high-end condo division, broke ground at a celebratory event Nov. 16. More than 100 industry leaders, local dignitaries, owners and top-producing Realtors attended what the company called an “opulent waterfront ceremony to commemorate the milepost — complete with a champagne toast and brunch on the project’s site.”
The project, on 6 acres, is more than 50% sold, equating to $300 million in pre-construction sales, the company says. It’s on 250 Center St. N., with the Gulf of Mexico to the west and Vanderbilt Lagoon to the north, flanked by Vanderbilt Beach. The units, the company says, will be “estate-like dwellings and penthouses, spread throughout five boutique buildings.” Completion and delivery is expected in 2026. Units start at $3.7 million.
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