Golden Triangle Project Has Local Residents Excited for Things to Come
Collier County commissioners approved a deal a week ago on Tuesday morning, to sell a rundown section of East Naples and develop it into a luxury entertainment and shopping center with two tall towers.
Between Davis Boulevard and US-41 is a main entry to downtown Naples from the east, but it’s just under five acres of mostly abandoned lots and storage units. This area is called “The Triangle”
Real Estate Partners International plans to build an 11-story hotel with a rooftop restaurant and an 18-story condo building. The space will look somewhat similar to the Mercato shops in North Naples, with retail, bars and restaurants at street level.
Still, the multimillion-dollar project is not set in stone.
The developer has 120 days to get support from the Naples Airport Authority to build the two towers because the project site is near the flight path to the Naples Municipal Airport. We will keep you up to date on the progress of this project.
This is exciting news for those living in East Naples or looking to buy in East Naples, as it will positively affect your home’s value. Neighbors are excited to finally get a piece of the entertainment action and a new luxury movie theater in their area.