EXECUTIVE SUMMARY:
LSI Companies is pleased to present this unmatched mixed-use development opportunity, “Taormina Reserve.” The subject is 82.5± contiguous acres located at the southeast intersection of Davis Boulevard and Santa Barbara Boulevard within an established Naples submarket. It remains one of the last large-scale development opportunities in Southwest Florida.
Taormina Reserve features both mixed-use and residential components, fully entitled (Ord. 09-48), along with on-site master stormwater infrastructure and a dedicated preserve (ERP 11-107625-P). The property, which is within the Collier County Activity Center and Residential Density Band (see page 12 of the Offering Memorandum), can achieve a maximum of 262,000 sq. ft. of commercial and office space and up to 478 housing units. Please refer to pages 5 and 6 of the Offering Memorandum for more information.
Naples is a relatively small but well-capitalized city with limited land available for new construction. Residential and commercial end-user pricing continues to escalate as wealth from other regions of the U.S. and the world migrate to Collier County. This is evidenced by the city’s median income of $135,657, which is twice as much as Florida’s median income of $67,917.
This parcel offers an opportunity to maximize its highest and best use as a true vertical mixed-use project, a concept that has been successfully delivered in Collier County, as shown on pages 10-12 in the Offering Memorandum. Additionally, the mixed-use parcel is a prime candidate for the Live Local Act, which would yield 91 dwelling units per acre or 390 units in total, in addition to the 262,000 sq. ft. of commercial space.
*CALL FOR PRICING
LOCATION HIGHLIGHTS:
• 1.5± miles to Calusa Park Elementary School
• 1.5± miles to Seacrest Country Day School
• 2.5± miles to Florida SouthWestern State College (FSW-Collier)
• 3.1± miles to Physicians Regional – Collier Blvd.
• 4.5± miles to I-75
• 5.5± miles to Naples Airport (APF)
• 27.1± miles to Florida Gulf Coast University (FGCU)
• 33.7± miles to Southwest Florida International Airport (RSW)