Naples Design Review Board approves The Avenue development

Author: Tim Aten, Gulfshore Business
Published: Updated:

The architectural and landscaping design for The Avenue, a significant redevelopment project on Fifth Avenue South, received unanimous final approval Feb. 26 by the Naples Design Review Board.

Developer Aprea, led by Andy Penev, formerly of M Development, began demolition of the remaining three office buildings Feb. 21 to make way for the upscale mixed-use project that is targeted to begin construction this quarter on a nearly two-block area of Fifth Avenue South from the former longtime property of St. George & the Dragon restaurant near the city’s Four Corners to 11th Street South.

“The start of demolition is the first of many milestones to come,” Penev said.

To read more at Gulfshore Business, click here.

Copyright ©2025 Fort Myers Broadcasting. All rights reserved.

This material may not be published, broadcast, rewritten, or redistributed without prior written consent.