Henley Investment Management in a joint venture with Gillette Development has agreed to acquire a waterside land assembly in Naples, Fla., for a $350 million prime condo residential development.
The joint venture will be delivering a 350,000-square-foot development through 60 to 70 condominiums with direct access to the Gulf of Mexico through the city’s intercoastal network.
The site, just one mile east of downtown Naples, is designated through Bayshore Gateway Triangle Community Redevelopment Area for mixed-use redevelopment.
“The Henley team has deep personal ties with Naples; we have a Florida office, and it is one of our favorite places in the world,” said Ian Rickwood, chief executive at Henley Investment Management. “So we are excited by the prospect of bringing our development skills to bear in this spectacular setting. We are now focused on the planning and development process over the next 12 months before exploring financing options with potent
