Colorado developer pays $43.5 million for lot near prestigious shopping district

M Development plans luxury residential, retail development on Naples' Fifth Avenue

  • By Louis Llovio
  • | 4:47 p.m. November 16, 2021
  • | 0 Free Articles Remaining!
FILE: New development planned by Aspen developer will be within walking distance of Naples' Tin City.
FILE: New development planned by Aspen developer will be within walking distance of Naples' Tin City.
  • Charlotte–Lee–Collier
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NAPLES — A Colorado-based developer has bought 4.27 acres in downtown Naples and intends to build a luxury, mixed-used development on the property. 

M Development, which is from Aspen, bought the property on Fifth Avenue, between the 900 and 1000 blocks, for $43.5 million.

 

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