In addition to the 3rd St hotel plans that were approved recently, the development of another luxury-hotel-project is underway. It’s location sits across the street from Gulfview Middle School on a 11 & 1/2 acre lot on Eight Street South between First Avenue South and Third Avenue South. The concept includes a three-story hotel with 25 rooms, but is subject to change. The initial plans were of large floor plans with hotel rooms up to 2,000 square feet! The plans also show a courtyard with a pool and parking lot plans. These plans will of course require a final approval by the Naples City Council. The project will only add value and inventory to the available hotel rooms in Naples for visitors to experience the Naples lifestyle.
JOHN R. WOOD RECEIVES
BEST RESIDENTIAL REAL ESTATE AGENCY AWARD
NAPLES, AUGUST 2, 2017 – Founded in 1958, John R. Wood Properties, one of the oldest real estate companies in Southwest Florida, with almost 60 years of industry and market experience, has been named as the Best Residential Real Estate Agency in the Gulfshore Business Magazine’s 2017 Best of Business Awards.
Recognized as one of the most respected measures of business performance in Southwest Florida, the Gulfshore Business Magazine’s Best of Business readers’ poll generated more than 7,000 unique votes cast for hundreds of companies. This year, John R. Wood Properties topped the list with the other real estate company finalists following behind.
To be considered for the Best of Business Awards, a company must receive the most votes from happy customers and colleagues through an online polling, conducted at www.SurveyMonkey.com. Respondents were required to provide a valid name and email address so that people could cast only one vote.
With over 3500 clients annually, John R. Wood Properties sells more properties than any other broker in the Southwest Florida two county area. John R. Wood Properties is also part of a global network of independent brokers with 4,100 offices and more than 130,000 sales associates in 65 counties.
Making it in the Best of Business Awards is just one of John R. Wood Properties’ many accolades. The company ranks as one of the highest sales per agent companies in the nation according to Real Trends, and has 13 offices serving Collier and Lee County.
Collier County Public Schools received another A rating from the Florida Department of Education this year. Collier’s school district is one of 11 out of 67 Florida Districts to receive an A rating which puts Collier in fifth place in the state. Collier has come a long way over the past 6 years, moving up 28 spots from 33rd place in 2011. Last year, Collier ranked 14th and are continuing to improve their systems for testing and education programs.
Collier County has 54 schools, three of which are charter schools, increased their ratings by at least one grade letter. Three traditional public schools and Immokalee Community School increased their standing by two letter grades. Mason Classical Academy was the highest receiving high school, North Naples was highest-receiving middle school and Seagate Elementary was highest ranked elementary school. No schools decreased their ratings for were given an F. Only one school, Village Oaks Elementary was given a D rating. Also in the last ten years, Collier has received five A’s and five B’s.
Last year, Collier County saw a record high in property values. According to Property Appraiser Abe Skinner’s preliminary assessment, the total value of land in the county was $108.6 billion. This is a 6.5 percent growth over the year before. Since this is a preliminary figure, the will continue to change, but only slightly. The county is currently still putting values in through the end of the month and it will be presented to the state for approval in July.
The taxable values increased throughout Collier County, but were the largest gains took place in East Naples, Golden Gate, Golden Gate Estates, and Immokalee. Also, this marks the sixth continuous year of property value growth after the crash in 2008-2011. We are still seeing a strong recovery and there are no signs of a recession coming soon. People see the value in purchasing property in Southwest Florida and Naples’ growth is exponential.
Naples Square, a Downtown Naples community that has two more phases to go until completion, has recently announced a special addition that is estimated to be completed by 2019. The Ronto Group has plans that will compliment the walkable lifestyle of Naples Square and also the Shoppes of Naples Square that offers its residents immediate access to dining, shopping, and convenience retail.
Gulfshore Playhouse plans to put a regional theater on the eastern edge of Naples Square which will compliment the Shoppes and enhance the cultural aspect of Downtown Naples by offering the theater to residents and the public. Naples Square has a vision of a “vibrant, walkable neighborhood that offers a place to live, shop, dine, and now attend a high-quality theater production”.
Positive remarks were made about the plan to transform the old Third Street Plaza into a 118-room hotel and passed board approval. Demolition should start very soon and construction will be underway to replace the 25-year-old plaza that has been known as an eye-sore that did not really fit in its beautiful location. They want the property to have it’s highest and best use and believe the new hotel will be absolutely stunning.
The hotel is said that it will include a fitness room, solarium, spa, cafe, and palm trees lining 3rd St and Gordon Dr. The board did request further plans for the project’s landscaping on Gordon Dr. after neighbors voiced their concerns that the “intensity” of the project would have a negative impact on the nearby residential area. The board also discussed where the entrances to the hotel would be to avoid creating traffic on Third St by making the decision to keep the entry on Broad Ave and exit on Gordon Dr.
For those of you who aren’t avid theatre attendees, the Gulfshore Playhouse was founded over a decade ago by Kristen Coury, who saw the need for a professional theater group in Naples. It started to thrive over the years, receiving a substantial amount of awards and and donations to create their excellent productions.
Recently, the Gulfshore Playhouse announced that they entered into a purchase agreement for a 3-acre site at Goodlette-Frank Rd and 1st Avenue N. A new, state-of-the-art theatre and education complex will help to produce a broader season that will feature more musicals, new works, and Broadway productions. The education portion of the facility is planned to offer programs for families, adults, and children. There will also be a focus on at-risk youth.
This all has been made possible due to the generous $10 million matching gift from local philanthropists and long-time benefactors of the Gulfshore Playhouse, Patty and Jay Baker. They have started a campaign to continue raising funds for the cost of the new, high-quality theatre complex.
The old site of the Naples Daily News building has plans of redevelopment of a condominium that will house 200 condos and also 3,000 sqft of commercial space. The exact location is 1075 Central Avenue and if you’ve ever driven by it, the vacant land was screaming for some new construction attention being a very prestigious and ideal location since redevelopment is surging up and down Central Avenue in downtown Naples.
Anthony Solomon from the Ronto Group, a Naples real estate firm, presented preliminary sketches to the city for final approval of the architectural drawings in hopes for city board approval. They are still deciding on the condo sizes and prices, but it is said that it will not change the plan that has already been approved.
See full article from NDN: http://www.naplesnews.com/story/news/local/2017/05/09/owner-condo-project-downtown-naples-lot/101333254/
Recently, the Trump administration intensified the trade dispute between Canada and United States with a 20% tariff on imported softwood lumber. The U.S. typically had a pleasant trading relationship with Canada prior to this decision. Another trade item that may be affected soon is dairy goods. President Trump has attempted to sway Canada’s policy on pricing domestic milk in hopes for lower product prices. Canada’s government highly disagrees with the U.S. Department of Commerce’s decisions and persuasions defining them as unfair and punitive. The Canadian government wants to properly function under the Free Trade Agreement, but the more the U.S. accuses Canada regarding trading dairy products, the more they warn the U.S. this will also have a negative affect on Americans that plan to build and renovate homes using this very popular lumber used for building. Last year in 2016, imports of softwood lumber business reported to be around $5.5 billion.
Every year in the springtime, Naples Realtors gather at the Naples Grande Hotel for the annual Economic Summit. Economist, Elliot Eisenberg was the keynote speaker and very familiar, entrusting, and enthusiastic face that provides a plethora of information on where the economy stands and what that means for the real estate market.
He presented a long list of reasons why real estate agents in Naples should indefinitely feel good about the national economy. He expressed his thoughts from his extensive research stating that low unemployment rates, wage growth, and rising house prices should make them “feel good”.
Certainly the news and media can make the nation feel whatever they want us to feel when it comes to stock market or what policy President, Donald Trump will propose next, including the one that to cut the corporate tax rate by more than half. Concerns of Trump’s tax plan are that it would expand the federal deficit and send interest rats soaring. However, Eisenberg says that he doesn’t expect it to get through a divided Congress.
Local market expert, Cindy Carroll, of Carroll & Carroll Appraisers & Consultants in Naples, shared her take on the local real estate market trends as well. She advised her audience not feel panicked. The housing inventory has increased 23 percent over the past year from 2016, but the growth is slowing down which hopefully will lead to a balanced market. Carroll also said based on the past 5 months, pending sales and closed sales are beginning to rebound after a the decrease in 2016. She believes the market may have turned a corner and the new development in Naples will expand its growth and strengthen the economy even more.