Leatherback sea turtle nesting season begins in SanibelA warmer Thursday start with stray showers this afternoon
The Pearl Founders Square luxury apartment complex is under new ownership after recently selling for more than $125 million. The new 400-unit apartment community in the Naples area was acquired this quarter by the Beitel Group, a real estate investment firm based in Brooklyn, New York. Construction on the five freestanding, four-story buildings at The Pearl was just completed last fall at 8820 Walter Way as part of the Founders Square mixed-use development on the southeast corner of Collier Boulevard and Immokalee Road. On Jan. 31, Georgia-based Davis Development, doing business as DD Pelican LLC, sold The Pearl to The Pearl at Founders Square LLC, a company registered to Ben Beitel, CEO of the Beitel Group. A deed recorded Feb. 2 by the Collier County Clerk of the Circuit Court shows the 17.7-acre property sold for $125.1 million. To read more at Gulfshore Business, click here.