The Avenue in Downtown Naples Secures $202 Million Construction Loan
The Avenue has closed on a $202 million construction financing package as the mixed-use development approaches its vertical construction phase along Fifth Avenue South in downtown Naples. Developed by APREA and JSB Capital Group and designed by Morris Adjmi Architects and MHK Architecture, the project will introduce 50 luxury residences above 75,000 square feet of boutique retail, dining, wellness, and lifestyle space. DeAngelis Diamond is serving as general contractor.
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