A major redevelopment project proposed in downtown Naples would visually extend Fifth Avenue South, the city’s historical main street, with three-story structures proposed just east of Four Corners.
The significant proposal from Aspen, Colorado-based M Development plans to cluster a new Whole Foods Market, Restoration Hardware, restaurants and other retailers with luxury condominiums in three-story buildings on more than 4.5 acres that include the former iconic St. George and the Dragon restaurant site at Fifth Avenue South and 10th Street South as well as six other adjacent parcels. Extending to 11th Street South and Sixth Avenue South, the large site on nearly two blocks of downtown property is considered a gateway into the city of Naples.
“About 20% of the city,” Naples Design Review Board Chair Stephen Hruby joked after reading the seven addresses affected by the proposed project during the project’s Feb. 22 presentation to the DRB. The board unanimously approved the preliminary design of the project at that meeting.