Posted on Saturday, May 05, 2012
Joining the Naples, Florida residential real estate rebound is a string of commercial projects to spruce up the area. We have seen some very nice front face lifts on shops on 5th avenue, a significant new commercial building in the middle of 5th avenue to be anchored by JP Morgan and now a ground breaking new furniture store.
Let’s talk about the furniture store because we think it is positive in a number of dimensions. First, if you told people you were opening a new furniture store here a couple of years ago they would have thought you mad. Furniture goes with real estate – surely this new store is further confirmation of our residential real estate rebound.
Then you have the aspect of the “d” area – just EAST of US 41 – nice, downtown is starting to migrate off its roots again and cross that old barrier of US 41 which arrived in these parts so long ago. The Naples News reported the new furniture store “will be a furniture showroom like no other. The 60,000 square foot showroom – a prototype store for the new owners of Robb & Stucky – will be the first building to rise in the city’s so-called “D Downtown” zoning district since 2007. It will take the place of the former Trails End Motel, torn down years ago off U.S. 41 between Third and Fourth avenues south for redevelopment.”
Another interesting aspect, also included in the news article – Chinese investors are here as owners of the new store. In recent years Europe discovered the beauty of Naples and in fact it is estimated 21% of all residential buyers are international – but Canada and Europe. If we can add Asian investors to our humble little hamlet wouldn’t that be great.
Looks like Naples real estate continues to move forward.
Have a great weekend.
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No legal, investment, or tax advice is being given in this Blog. Consult with legal, financial and tax professionals before acting on any real estate transaction. Actual real estate price and sales results are subject to market forces and are not completely predictable. The writings of this Blog are intended for the sole use of our clients.
Some of the data relating to real estate for sale on the NaplesBestAddresses.com website comes in part from the Broker reciprocity program of M.L.S. of Naples, Inc. The properties displayed here may not be all the properties available through the MLS reciprocity Program. This information is deemed reliable but is not guaranteed. Buyers and sellers are responsible for verifying all information about their purchase prior to closing.
Mark Goebel, PA is a REALTOR with Coldwell Banker on 5th avenue in Naples, Florida with 35+ years of visiting and living in Naples. After 25 years at Accenture, Mark retired as a managing director and spends his time helping non profits and building a Naples real estate team with his wife Nan. Talk to Mark and Nan about life in Naples and why they chose this place to live full-time over all others and enjoy Naples real estate.
Mark Goebel, PA
REALTOR Coldwell Banker 5th Avenue South
Mobile: 239.595.3921
Email: mark.c.goebel@gmail.com
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