As Featured in Naples Daily News
Kolter Urban is advancing on the big investments it’s made on the “Miracle Mile” in Naples. The company, an affiliate of Delray Beach-based developer The Kolter Group, is sharing more details about its two ultra-luxury condo projects, planned off Gulf Shore Boulevard North. They sit along a roughly one mile stretch of the road, dubbed the “Miracle Mile,” after showing such resilience in the face of so much devastation from Hurricane Ian in 2022. The area is seeing big changes, with a flurry of new development, as it recovers. One of Kolter Urban’s projects, known as Olana Naples Residences, will offer 12 expansive condos in a six-story building, overlooking the Gulf. The starting price: $30 million, which the company reports is the highest for a new condo development on Florida’s west coast. Here are more details about the exclusive residences (announced Friday):
•They will span more than 10,000 square feet, with 80 feet of unobstructed Gulf views
•They will include five bedrooms, seven bathrooms and two powder rooms
•They will have their own private resort-style amenities
In essence, they’ll look and feel more like single-family homes, but with “ultimate privacy and security,” said Brian Van Slyke, Kolter Uban’s president of Florida’s West Coast division, in a statement. “Every detail has been meticulously crafted, from the state-of-the-art theater room to the presentation kitchen and full chef’s kitchen to the private wellness spa, which includes individual steam and sauna rooms, a cold plunge, a therapeutic bath, and a dedicated fitness room,” he said. The condos are designed for “those seeking a true lock-and-leave lifestyle,” sans the “upkeep of a single-family home.”
The residences are designed by Randall Stofft Architects and SB Architects, with interiors by New York City-based Champalimaud Design. They feature open-concept layouts, with floor-to-ceiling glass walls and windows. The condos will include grand living areas and private elevators. They’ll have balconies and Gulf-front terraces, with built-in gas grills and under-the-counter refrigerators. Ground-floor residences will offer private patios and pools.
Residents will have access to a 24-hour concierge service, and a shared resort-style pool, with private cabanas, as well as a direct path to the beach, steps away. Kolter purchased the property last April. In a partnership, with BH Group, also based in South Florida, it paid $102.6 million for the property. Located at 1121 Gulf Shore Blvd. N., it’s the former home of the Bahama Club, a mid-rise condominium complex. After the Bahama Club took a beating from Ian, the owners of the 36 units in the four-story development agreed to pursue a sale.
The property, spanning 2.5 acres, includes 220 linear feet of beach frontage. The zoning allowed 45 residential condos to be built on it by right, but the new owners have a much different vision for it, as a “waterfront gem.”
In January, Kolter Urban made its second big investment along the Miracle Mile, purchasing another beachfront redevelopment site for $92.5 million. On this 3.07-acre site, an eight-story condominium is planned with 51 residences, with waterfront views. Its name comes from its address: 3300 Gulf Shore. Here prices will start at $3.7 million.
The development, designed by MHK Architecture, offers expansive, open-concept floor plans, ranging from2,000 to more than 7,270 square feet, with two to five-bedrooms. Interiors are by CID Design Group. Shared amenities will include a private marina with 16 boat slips, a resort-style 75-foot lap pool, a wellness center, and a state-of-the-art fitness center. There will also be a private bar, demonstration kitchen, and sports lounge for socializing and entertainment, and a 24-hour concierge and valet service. “With a private marina providing direct access to the water, the thoughtfully designed residences are positioned to take full advantage of the Gulf and bay views. It’s a place where convenience, privacy, and the natural beauty of the coastline come together to offer a truly exceptional living experience,” Van Slyke said in a statement.
It’s the former site of the Executive Club in the Moorings, a 55-plus community. The four-story mid-rise building had 46 residences. Completed in 1969, the building took a blow from Ian, then got razed by its previous owners to make way for redevelopment. Youngquist Brothers paid $60 million for the site in February 2023, before deciding to resell it to Kolter Urban, rather than pursuing a similar project of its own. In Florida, Kolter Urban’s other projects include The Ritz-Carlton Residences in Sarasota, Saltaire St. Petersburg, ONE St. Petersburg, and Hyde Park House in Tampa, with other communities under development along both coasts.
In Estero, the developer had a groundbreaking ceremony for the Island at West Bay Club, a new luxury high-rise condo, last month. The luxury tower will have 86 residences on 24 floors, with views of the Gulf of Mexico and West Bay Club’s championship golf course. Prices there start at $3 million. Kolter Urban has completed or is in the midst of developing in excess of$6.3 billion in luxury residential projects, throughout the southeastern United States. Its focus is primarily on waterfront, water view or walkable downtown locations.
![[Renderings] Kolter Urban Breaks Ground on Graydon Buckhead Condos Thumbnail](/wp-content/uploads/2020/04/graydonbuckheadrenderingwhatnowatl-min-396x324-1.png)
