5th Avenue Collection

Naples, Florida

The 5th Avenue Collection is part of one of the most renowned high street markets in the country, showcasing many of the nation’s premier retailers, restaurant concepts, and bespoke residences in the heart of historic Old Naples. The Collection features seven buildings with a curated mix of best-in-class retailers, Class A office space, and luxury residential condominiums.

In partnership with Prime Marina Group, this redevelopment effectively positioned both the portfolio’s commercial and residential components. The project yielded a 50% increase in new lease economics as compared to the portfolio’s average rent at acquisition in less than 24 months. Additionally, the conversion of the portfolio’s residential rental units to condominiums achieved a rapid sell-through rate, resulting in an overall return of over four times invested capital.