Sales and construction to start on $350M Naples condo, marina project

Naples

Sales and construction to start on $350M condo, marina project

Henley US and Naples-based Gillette Development will soon begin work on The Halcyon Residences & Marina, a waterfront community to be built on a canal about 1 mile from downtown Naples. The joint venture recently secured full entitlements, clearing the way for sales to launch in January through an on-site immersive gallery. Construction on the $350 million development is scheduled to begin in 2027, with completion expected in late 2029. The luxury project is being built at 1933 Davis Blvd., on a piece of property that once housed a pawn shop. The Halcyon will have 66 estate-style units priced from $2.99 million to $7 million. Floorplans will range from 2,190 square feet to 3,375 square feet and include terraces with outdoor kitchens, private elevator access, butler pantries, and natural stone finishes. Each is designed with windows on two to three sides for maximum natural light. Plans also call for 55,000 square feet of amenities with three guest suites, a skydeck with pickleball and padle courts, spa facilities, and a Captain’s Club with a speakeasy. Along with the amenities, there will be a 120-slip private marina. The entities behind the project are Henley US, a division of the real estate investment firm Henley Investment, and Naples-based Gillette Development. Christine Lutz of the Dawn McKenna Group is leading the sales effort. 

Tampa

Airport hotel nearly done with renovations

The Tampa Airport Marriott recently completed a full renovation of its 298 guest rooms, including three suites. The project was part of what Marriott calls a “multiyear transformation aligned with Tampa International Airport’s expansion.” A spokesperson could not disclose the cost of the project but says it was a multimillion-dollar upgrade to the hotel, which is connected to the airport’s terminal. As for the just-completed work, the rooms feature soundproof windows, runway views, plush bedding, Smart TVs, mini-refrigerators, workspaces, Wi-Fi and a-la carte dining with room delivery. In addition to the rooms, the hotel also completed renovations to its Concierge Lounge and elevators. This follows an update to the meeting spaces in 2022. The next, and final, step in the project is the renovation of the lobby, restaurant and bar scheduled for next year. The Tampa Airport Marriott, which first opened in 1973, has 25,416 square feet of indoor and outdoor venues including a ballroom and rooftop space as well as a fitness center and outdoor pool. And, given the reality of air travel, it has day-use rooms available for travelers with long layovers or unexpected flight changes. 

St. Petersburg

Rays revamp stadium and drop — some — prices

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Just a couple of months after new owners took over, the Tampa Bay Rays are preparing to move back to Tropicana Field next season. And there will be changes. The team played at George Steinbrenner Field in Tampa last season after Tropicana Field was damaged during Hurricane Milton, forcing the relocation. The new owners, who took over in September, say that in addition to the repairs, the team is making significant improvements to the fan experience inside the ballpark. That includes an enlarged main video board, new displays behind home plate and along both foul poles, an upgraded sound system, and refreshed suites. It is also promising “broader pricing flexibility.” That, the team says in a statement, includes an average 15% reduction for more than two-thirds of seats compared to 2024. Despite the focus on making improvements to Tropicana Field, the team’s priority remains finding a new ballpark to move into when its lease ends after the 2028 season. It is actively looking for a site in the area.

Pasco County

Developer to build 63-home subdivision in Hudson

A Maryland homebuilder has bought 34.2 acres in Pasco County. The property is in Hudson and is made up of two adjoining parcels along Hudson Avenue. The buyer, DRB Group, paid $2.87 million for the land. Tampa-based Eshenbaugh Land Co. says DRB plans to develop a 63-lot single-family subdivision on the property to be named Hudson Park. Suburban Washington, D.C.-based DRB says on its website that it has built homes in 14 states and 35 markets, including Florida. Its portfolio includes three brands — DRB Homes, DRB Elevate for people 55 and older and Brightland Homes. Eshenbaugh’s Tyler Woody represented the company in the deal.

Bradenton

Sports academy to start construction on aquatic center

IMG Academy is expanding its footprint with the launch of a swimming program and construction of a new aquatic center. The Bradenton sports training school says in a statement that the project is one of the largest capital investments in its history. IMG is not disclosing the cost of the project, only saying that “this is a major investment to positively impact the lives of more student-athletes.” The 9,345-square-foot facility will feature a 10-lane, 54-by-25-meter pool, which is larger than Olympic size, and is designed to support training, major competitions and year-round development. IMG says the center will host meets, camps and community events. While there is a ceremonial groundbreaking scheduled for Nov. 20, IMG says construction will begin Dec. 1 and that the center is expected to open March 2027. As part of the process, IMG Academy is also recruiting a director of swimming.

Sarasota

Midwest firm proposes 11-story condo 

Making a second effort to build a mixed-use project at the southwest corner of Cocoanut Avenue and Fourth Street, developer and new owner Colonial Brick Co. of Chicago has proposed an 11-story, 18-unit condominium tower under the working name 333 Cocoanut. The Sarasota Observer, a sister paper of the Business Observer, reports the project made its first appearance before the Sarasota Development Review Committee Nov. 5. It was represented by Haflants + Pichette Architecture and project consultant Kimley-Horn. The project will include 1,500 square feet of first-floor retail space and five dedicated public parking spaces. The site is one-half block north of Fruitville Road and will share vehicle access via an existing alley between a vacant property and The Encore townhomes, which front Fruitville Road. The developer is requesting two administrative adjustments: an 18% reduction in the parallel façade requirement, and a 25% encroachment into the required recess area, both to meet site challenges. While Downtown Core limits building heights to 10 stories, 333 Cocoanut qualifies for an 11th floor by providing public parking access to five of its 45 spaces.

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