Naples City Council Plans to Overhaul 5th Avenue Lighting

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Naples City Council informed Fifth Avenue South business owners, that an overhaul of the downtown lighting system would be a priority for them  in the coming year.

But when those lights will be installed, and how much it will cost the city, is up in the air.

The street, Community Redevelopment Director Russ Adams said, is dark, especially on the west end of the road, and the new system would provide “even more lighting up and down the street.”

It also would upgrade the power supply downtown, making Fifth Avenue South less prone to outages, he said.

Source: Naples Daily News

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Categories: Construction News, Local Business

Central Florida Industrial Construction Up 19.4%

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 Construction of new industrial projects has been the most active sector in the local commercial real estate industry lately, but the sector is expected to slow next year.

Nearly 1.66 million square feet of industrial space, which includes warehouse and distribution centers, was built in Central Florida during the first nine months this year. That’s 19.4 percent more than the 1.39 million square feet of industrial space completed during the same time last year.

Meanwhile, the industrial market’s occupancy rate dipped slightly from 92.1 percent last year to 91.2 percent this year.

In comparison, 788,816 square feet of local office space was built in the first nine months this year, 77.8 percent less than the 3.54 million square feet built during the same period last year. And office occupancy rates dropped from 88.3 percent in 2007 to 84.2 percent in third quarter 2008.

Source: http://www.bizjournals.com/

Categories: Construction News, Local Business

City Hall Looks at Building Islands on Naples Bay

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A plan resurfaced Monday at City Hall to build islands on Naples Bay out of dredged material — but without the neighborhood outcry.

Homeowners along the bay’s eastern shore cried earlier this year when they saw engineering drawings showing a series of five islands, ranging from two acres to 12 acres, off their backyards.

The islands would rebuild habitat for mangroves, birds and fish on the bay and avoid having to haul away material dredged from the bay bottom.
The Naples City Council killed the idea but left open the possibility of building the islands farther south in Naples Bay.

Last spring, Natural Resources Manager Mike Bauer told a city advisory board that he favored dropping the idea altogether after a search of other potential sites on Naples Bay found oysters and sea grasses already growing there.

On Monday, Bauer told the City Council that further study has found potential spots farther away from shore west of Windstar.

The potential sites are in places too shallow for boaters to go anyway, but the size of the islands and how far they would stick out of the water remain to be worked out, he said. He called them “theoretical at this point.”

City Council members praised the city’s environmental section staff for sticking with the idea in the face of public opposition. “I think this is a wonderful thing,” Councilman Gary Price said.

Councilwoman Dee Sulick questioned the wisdom of building spoil islands that she said would be washed away by wakes of speeding boats. “Doing this and not having slower boat speeds on Naples Bay is like throwing dirt in the wind, good money after bad,” she said.

Councilwoman Penny Taylor suggested going a step further by using rocks dug up from the bay for a long-discussed project to build riprap along bayfront seawalls. She said riprap would be good for the bay but questioned whether the rocks would be too smelly.

“It’s going to be smelly for a few days but not all that long,” Councilman John Sorey said.

Bauer said he planned to talk with Collier County project managers about the possibility of using material to be dredged out of the Naples Bay channel in 2009 as a test for the spoil island idea.

Another dredging project along the edge of Royal Harbor, Oyster Bay and Golden Shores still is two years away, he said. The cost of spoil disposal can top $1 million but using the spoil to build islands in Naples Bay would save money, Bauer wrote in a memo to council members.

Bauer said spoil islands have been created in Lake Worth, Biscayne Bay, and the Indian River Lagoon on Florida’s east coast and in Sarasota. The projects become “local treasures” that are valued for their recreational, aesthetic, habitat and shoreline protection values, he wrote in his memo.

Source: Eric Staats, Naples Daily News

Categories: Construction News, Luxury Lifestyle News, Naples Events

UK Developer Opens Business in South Carolina

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For many, the US at this moment is ripe for ‘buy low, sell high,’ but buying low does not mean simply buying something ‘cheap’…

It also requires being selective about quality and location. Many developers of higher end properties have come up with ways of enticing investment in a changed yet ironically competitive investment landscape.

UK developer Anton Tardif is currently developing a luxury golf resort in the American tourist domestic hotspot Myrtle Beach, South Carolina.

“I think we have to look at creative ways to keep investment alive and in a way that benefits everyone involved and giving investors some real opportunities,” he said.

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Categories: Construction News, International Real Estate, Luxury Lifestyle News

America Goes Green

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There has been a major rise in the number of American homes having green roofs put onto their homes.

Green roofs are vegetated layers that sit on top of the conventional roof surfaces of a building. Intensive green roofs are composed of relatively deep substrates and can support a wide range of plant types, from trees and shrubs as well as perennials, grasses and annuals.

As a result they are generally heavy and require specific support from the building. Intensive green roofs have in the past been rather traditional in their design, simply reproducing what tends to be found on the ground, with lawns, flower beds and water features.

The roofs can help to lower energy heating and cooling costs and provide sound insulation, as well as being environmentally friendly.

The survey found that there has been a rise of 30 per cent in the number of green roofs across North America in the past year, and a new pilot program in New York State is providing tax incentives to encourage people to install such roofs on private residences.

Categories: Construction News, Homeowners Resources, Special Interests

A Great Deal in Naples Florida Real Estate-Ginn Reunion Resort

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Well, in case you or I had forgotten, this is a Naples Florida real estate website. I usually disuss many topics of interest on a variety of subjects related to Naples real estate and luxury living, however this time I wanted to share a terrific Naples real estate opportunity at Ginn Reunion Resort that was recently introduced to me by a colleague.

 

Here is a brochure on these units. The first 50 will be priced from $340K — $420K graduating in price from ground floor to top and slight difference between interior and exterior units.  Expect a price bump every 50 units.  There is also a tremendous discount on a furniture package if someone wishes to enter the rental pool.  They are discounting the furniture package to $25K for those who wish to do that ( similar packages have gone over $60K). Financing is going through Ginn Financial and will be 20% down domestic and 30% down international.  This is a great opportunity for all of us, especially customers.  Full golf membership is included, and Ginn One Club affords access to all other Ginn communities other than Quail West and Tesoro. If you are having trouble viewing the picture below, please click here.

 

If you have any questions, please contact me at requests@joellennash.com. Have a wonderful day!

 

Ginn Reunion Resort

 

 
 
 
 
 
 
 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Categories: Construction News, Real Estate News

Collier Building Association 2008 Industry Panel

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The Collier Building Industry Association will hold its 2008 Industry Panel on Jan. 31 at the Hilton Naples on U.S. 41. The program will provide an overview of all aspects of the building industry from advertising to commercial to remodeling. This year’s panelists include Todd Gates of Gates, Tom Lykos of The Lykos Group, Cheryl Deering of Sterling Properties, Robyn Bonaquist of B-Squared Advertising and Mike Rosen of Collier Enterprises. The event begins at 5:30 p.m. For more information, call 436-6100 or visit www.cbia.net.

 

From the Naples News

Categories: Construction News

Fallout at WCI

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WCI Communities Inc. (NYSE: WCI) shares dropped more than 50 percent on Wednesday, and Standard and Poor’s has reiterated its junk rating on the company, all because of concerns about the builder’s liquidity, according to published reports. WCI on Monday said it needed to negotiate financially flexible terms for its revolving line of credit and a secured bank loan. If that is not achieved, the company warned that lenders might foreclose on certain collateral, harming its ability to stay afloat financially. Shares on Wednesday fell from a high of $3.30 to a low of $1.35, closing at $1.50.

 

From the Naples News

Categories: Construction News, Local Business


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