By David Feight, GSAC Board Member
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The site of the previous Executive Club at 3300 Gulf Shore Blvd North changed hands again earlier this year.
The Kolter Group of Delray Beach acquired it for an announced price of $92.5 million, purchasing it from Youngquist Brothers who bought it for $60 million in 2023.
Kolter Urban Group, a subsidiary of the Kolter Group, is maintaining the original design by MHK Architects with a few minor exceptions such as increased lanais. The planned development includes two eight-story buildings with a total of 51 expansive units, ranging from 2,000 to 7,500 square feet. The development will feature two pools, a 16-slip marina on Moorings Bay and other amenities. Pricing for the units is anticipated to start at $3.7 million.
Building permits have been secured, and construction is set to begin in October 2025. Construction will take place over a two-year period, with estimated completion during the fourth quarter of 2027.
Kolter Urban has set up a sales gallery at 1400 Gulf Shore Blvd N, Suite 166, Naples, 34102, where potential buyers and interested parties can gather more information about the development.
We look forward to welcoming 3300 Gulf Shore Boulevard as a member of GSAC!
