Kolter Urban and BH Group have started work on Olana Naples Residences, an ultra-luxury beachfront condominium community, after securing a $197 million construction loan. Planned for Naples, Florida, the development will include 12 estate-style homes, each spanning about 10,000 square feet, with prices starting at $32 million.
Key takeaways
- Kolter Urban and BH Group have begun development following a $197 million construction loan.
- Olana Naples is planned to include 12 residences, each about 10,000 square feet.
- Prices are expected to start at $32 million per home.
- The project combines beachfront access and resort-style services with private-home-scale interiors.
The project’s scale and amenities are designed to distinguish it from a conventional condominium offering, while its beachfront location anchors the development’s appeal.
A beachfront home on a condominium scale
Each residence is planned to have 80 feet of uninterrupted beachfront views and outdoor living areas, along with in-home wellness amenities. Interior features are set to include climate-controlled wine rooms, soundproofed theaters, wet bars, club rooms and game lounges.
The community will also offer direct beach access, concierge services and resort-style amenities. The developers describe the concept as pairing the privacy and space of a single-family estate with the convenience of luxury condominium living.
Financing and design team
Affiliates of Apollo Global Management and BDT & MSD Partners provided the $197 million construction financing. The loan enables the development team to move into the construction phase; the announcement did not provide a completion schedule.
Randall Stofft Architects and SB Architects are responsible for the project’s design, with interiors by Champalimaud. The planned 12-home community has a starting price of $32 million per residence.