T. Jerulle Construction LLC has broken ground on the Mediterranean-style 555 Fifth Avenue South Building in downtown Naples. When the three-story, mixed-use building is complete, two women’s clothing retailers, Caché and White House/Black Market, will occupy the ground floor units. There will be four residential condominiums on each of the second and third floors, for a total of eight.
Recently, after finishing driving test piles, construction workers prepared the site to install production augercast pilings to a depth of 60 feet for the building’s foundation.
Mike Demerly will manage the 11-month projected buildout for T. Jerulle Construction. The company will also handle the redevelopment of Menefee Park, adjacent to the property.
In addition to the eight condominiums residences for sale, plans also include a third-floor swimming pool and spa above the ground-floor parking, said Frank Comeriato of Dyehouse Comeriato Architects. There will be a covered parking garage with 17 spaces, eight for residents and the rest for retail tenants and customers. and the rest for retail tenants and customers.
The 1,300- to 1,500-square-foot condominiums are two-bedroom, two-bath residences with prices ranging from $975,000 to $1.2 million.
Reservations are being accepted for the residential condominiums.
For More information Contact Olde Naples Luxury Real Estate Specialists Larry & Mary Catherine White
239.253.5653 or 239.287.2818 LWhite@AmerivestRealty.com
source: naplesnews.com
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