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.