Miami-based Coastal named general contractor for Mystique condo project in Naples

Condos in the 20-story, 72-unit development are priced from $1.2 million to $9.5 million

TRD MIAMI /
Apr.April 22, 2017 04:00 PM

Rendering of Mystique

The developer of Mystique, a 20-story luxury condominium in the Pelican Bay area of Naples, selected Miami-based Coastal Construction Group as the general contractor for the project.

The developer, Pelican 1 Owner LLC, is an equal partnership between the Gulf Bay Group of Companies and international investment firm Kohlberg Kravis Roberts & Co. L.P.

The Gulf Bay Group, founded in 1986, has developed 14 residential properties along a 1.5-mile stretch of land fronting the Gulf of Mexico within the Pelican Bay area.

Site work for Mystique, including installation of underground infrastructure for water, sewage and drainage, is substantially completed.

The condo building will have 72 units, including four penthouses, with pre-construction prices ranging from $1.2 million to $9.5 million.

The development’s interior amenities will include a club room, salon, parlor and library, plus a theater, billiards room, board room, fitness center, and massage room with on-call masseurs and masseuses.

Premier Sotheby’s International Realty has the exclusive listing for Mystique and has staffed an on-site sales center at 6885 Pelican Way Boulevard in Naples.


Related Articles

arrow_forward_ios
Construction of downtown Hollywood high-rise may start soon

Construction of downtown Hollywood high-rise may start soon

Jeffrey Epstein (Credit: Daily Beast | Getty)

Jeffrey Epstein commits suicide by hanging himself in his Manhattan jail cell

Miami developer Dan Kodsi plans large St. Petersburg project that could cost $2B

Miami developer Dan Kodsi plans large St. Petersburg project that could cost $2B

South Florida firm buys Sunrise apartment complex for $20.2M

South Florida firm buys Sunrise apartment complex for $20.2M

Home owned by late Miami Marlins pitcher Jose Fernandez is in foreclosure

Home owned by late Miami Marlins pitcher Jose Fernandez is in foreclosure

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

PB Gardens condo community seeks yet another contractor to repair its buildings

PB Gardens condo community seeks yet another contractor to repair its buildings

?

Pompano upzones Ocean Boulevard site for 19-story condo next to city park

arrow_forward_ios