The Ellington

Gateway Triangle sale paves way for 10-story hotel-condo project in Naples area

The final slice of the Gateway Triangle sold for $8.6 million Thursday for the redevelopment of a 10-story mixed-use project with hotel rooms and luxury condominiums where U.S. 41 East meets Davis Boulevard on the edge of Naples. The name of the 377,421-square-foot project is The Ellington, targeted to break ground in mid-January with a 20-month build time and a completion date near the end of 2023.

The Ellington, a $100 million project managed by Indigo Road Hospitality Group, will include 126 guest rooms and suites. Additional residential condominiums will include two penthouse units. “The top floors of the hotel will be dedicated to residential use in the form of 24 highly amenitized, lifestyle-driven luxury residences,” reports Indigo Road Hospitality Group, based in Charleston, South Carolina.

Hotel guest rooms will be on levels two through six with residential condo units on levels seven through 10, architectural plans approved by Collier County show. A five-level parking garage will begin on the basement level with a total of more than 90,000 square feet of parking area.

The Metropolitan Naples, another $250 million project of three-tower complex of luxury condos, shops and restaurants, is already under construction on 5 acres next door by developers Fred Pezeshkan and Jerry Starkey.

The Gateway Triangle site where the two mixed residential and commercial developments are being built has seen its share of plans fall through. The Ellington site was the location of another luxury condo-hotel proposal that failed. Likewise, the county’s Bayshore Gateway Triangle Community Redevelopment Agency sold the acreage for the Metropolitan Naples project after an earlier proposal to develop the land failed. 

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