Under Construction

The Avenue Naples

The Avenue is a luxury mixed-use development rising across 4.3 acres along Fifth Avenue South in downtown Naples, Florida, just east of the Four Corners intersection in the Old Naples district.

Official Website
01.22.26
Start
~2028
Completion
50
Units
3
Floors
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Details

Fifth Avenue South, Naples. 3 floors and 50 residences. Broke ground January 2026, targeting Early 2028. Financed with $202M from BCMF.

The story so far
Announced 2025 est.
Sales launched Mar 2025Phase One residences sales launched; luxury mixed-use on Fifth Ave South, Old Naples per Florida YIMBY
floridayimby.com
Broke ground Jan 22, 2026The Avenue broke ground Jan 22 2026 at the Fifth Avenue South gateway per Florida YIMBY + Gulfshore Business
floridayimby.com
Financing secured Jul 2026$202M construction financing closed: $93M construction loan from Bayview Commercial Mortgage Finance plus $109M C-PACE, arranged by JLL (Gulfshore Business)
gulfshorebusiness.com
Forty percent of The Avenue is under contract Jul 202620 of the 50 residences are spoken for, priced from $3.4 million to nearly $8.5 million
businessobserverfl.com
Going vertical Aug 2026Vertical construction begins after foundation work, with DeAngelis Diamond building and first homeowner occupancy targeted for early 2028
citybiz.co
Expected opening Early 2028 est.
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
TMW IntelligenceVerified Oct 21, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
TMW Intelligence

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About the project

The Avenue is a luxury mixed-use development rising across 4.3 acres along Fifth Avenue South in downtown Naples, Florida, just east of the Four Corners intersection in the Old Naples district. Developed by APREA with DeAngelis Diamond as general contractor, it pairs 50 residences with more than 75,000 square feet of retail, dining, and wellness space. Designed by MHK Architecture, the project extends Fifth Avenue South's walkable character through landscaped promenades and active ground-floor storefronts, its two- to four-bedroom residences positioning it as one of downtown Naples' premier new luxury addresses.

Companies and contacts

Every firm on The Avenue Naples, the office nearest it, and the people who work on it.

TMW Intelligence
TMW Intelligence is still building a comparable set for this project — projections publish once at least three comparable launches are in place.
Common questions

Frequently asked

Where is The Avenue Naples located?

The Avenue Naples is located in Naples.

When will The Avenue Naples be completed?

The Avenue Naples is under construction, with completion expected in Early 2028 (a TMW estimate).

Who is developing The Avenue Naples?

APREA, JSB Capital Group is the developer behind The Avenue Naples.

Who designed The Avenue Naples?

The Avenue Naples was designed by Morris Adjmi Architects, MHK Architecture.

How big is The Avenue Naples?

The Avenue Naples rises 3 stories with 50 residences.