Hoffmann selling 27 properties in Downtown Naples

Reporter: Annette Montgomery
Published: Updated:

Twenty-seven properties, many of them in downtown Naples, are being sold. It could change the face of downtown.

The Hoffmann Family sold them to M Development, a high-end developer out of Aspen, Colorado.

Many wonder what the future looks like for those properties being sold.

WINK News set out to talk with business owners who are part of the sale, and the only thing that’s certain is that change is coming.

Marilyn Hellman’s store, called Marilyn’s, is part of the sale. It is located on Fifth Avenue South.

“The Hoffmans came in and literally had a mandate. I mean, they put lighting on the street. It was obvious that they had a different agenda,” Hellman said.

This is an agenda Juliana Meek agrees with. She is the director and owner of Harmon Meek, one of the nine buildings on Third Street in Downtown Naples that were also a part of the sale to M Development.

“Because this is a family business and seeing from what my parents went through with landlords, I will say Hoffmann was probably one of the best landlords in our history. I don’t know what the new landlord will bring, but we’re hopeful that it’ll work out well and be a good relationship,” Meek said.

The sale price for those two businesses along with the 25 other properties is estimated by industry leaders to be between $250 million and $300 million: a record amount.

Meek plans on staying.

“Harmon-Meek Gallery has been in Naples for 60 years, and we’ve had about six locations during that, so we are very flexible. We just remain flexible and go with the flow. Harmon-Meek Gallery will be here no matter who our landlord is,” Meek said.

Tim Aten with Gulfshore Business broke this news last week. Read the story here.

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