The Real Deal Miami

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
April 22, 2017 04:00PM

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.