M Development proposes new mixed-use projects in downtown Naples

Author: Tim Aten, Gulfshore Business
Published: Updated:

Aspen, Colorado-based M Development proposes to build two three-story, mixed-use buildings and a parking garage in the 900 block of Fifth Avenue South, which includes the former St. George & the Dragon restaurant site in Naples.   

The proposals for 936 Fifth Ave. S. and 975 Sixth Ave. S. were presented to the Naples Design Review Board for preliminary review during an Aug. 28 public hearing. Both projects include three-story buildings with retail units on the ground floor and residential condominium units on the second and third floors. The project includes an above-ground parking garage that will serve both the commercial and residential uses of the new development.  

Three major differences distinguish what the developer is proposing now compared to the Whole Foods Market project it earlier proposed for that 1.76-acre block. The new proposal does not include a big-box retail store, underground parking or plans to vacate the existing mid-avenue alleys. These concessions were integral to the company’s lawsuit settlement agreement with the city this summer.  

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