The Real Deal Miami

Compass tapped to handle sales of boutique mixed-use development in Naples

The development, called SoCe Flats, is designed with 4,500 square feet of commercial space and 18 hotel residences, priced from $575,000
August 18, 2018 01:30PM

SoCe Flats rendering (Credit: Compass Florida | Naples Daily News)

The developer of a boutique residential and commercial project in Naples retained brokerage firm Compass Florida to handle sales and marketing for the property.

Compass, which recently opened an office in Naples, will handle SoCe Flats, a development with 4,500 square feet of commercial space and 18 hotel residences priced from $575,000.

The site of the mixed-use SoCe project is 101 Eighth Street South in the Olde Naples section of the city, walking distance from the beach and high-end stores and dining spots at the Fifth Avenue South promenade.

SoCe Flats will become part of “an extension of Fifth Avenue within the next few years,” Joe Belz, the founding agent of the Compass office in Naples and the agent representing the developer, Mike Assaad of Waterside Builders, Inc. Compass will handle the SoCe project through its development division.

Designed by Naples architect Matthew Kragh, SoCe Flats has one-and two-bedroom units ranging in size from 610 square feet to 1,220 square feet.

The SoCe sales gallery at 4501 Tamiami Trail in Naples is equipped with augmented reality technology from Fort Myers-based d3 creative studios – a first for Collier County, according to Compass.

Construction of SoCe Flats is expected to start early next year and conclude in 2020. – Mike Seemuth