New Naples Condo by KOlter Urban

Gulfshore Business, 01-21-25

Delray Beach Developer Purchases Naples Condo Project Site for $92.5M

As featured in Gulfshore Business

Kolter Urban, an urban infill and residential condominium affiliate of Delray Beach developer The Kolter Group, announced the $92.5 million purchase of the 3.07-acre former site of Executive Club at the Moorings condo complex at 3300 Gulf Shore Blvd. N. in Naples. Executive Club was a four-story mid-rise built in 1969 and demolished in 2023. The property last sold in 2023 for $60 million to Youngquist Brothers, which, in 2023, planned two eight-story condo buildings totaling 51 units, city planning documents show. Kolter Urban officials didn’t disclose its plans for the site, but the website for Naples-based MHK Architecture, which is designing the new project, shows renderings of a 112,800-square-foot condo complex. In March 2024, The Kolter Group purchased the beachfront Bahama Club condo complex at 1121 Gulf Shore Blvd. N. for $102.6 million and slated the site for redevelopment.

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