Ronto processes 193 Sales Agreements worth $365 Million in 2021
Caffrey & Associates
7 min read
Omega is a new 27-floor high-rise tower being built by The Ronto Group and will be the final luxury high-rise tower built at Bonita Bay. Construction is on schedule for completion in 4th quarter 2022.
The Ronto Group reported it processed 193 sales agreements worth a gross sales revenue of $365 million in 2021, a 59% gross sales revenue increase over 2020 when 96 purchase agreements worth in excess of $153 million were processed. The average unit sales price in 2021 was $1.9 million versus a $1.6 million average sales price in 2020. The outstanding 2021 sales performance further solidifies Ronto’s stature as one of the most prolific developers of luxury properties in Southwest Florida. Ronto will be closing out three current projects in 2022, including Quattro at Naples Square and Eleven Eleven Central in downtown Naples and the luxurious Omega high-rise, the last high-rise being built within Bonita Bay. Each of these projects are set to receive a Certificate of Occupancy late this year. The award-winning developer is currently debuting three new projects, including two new high-rises within The Colony at Pelican Landing in Bonita Springs, the Rosewood Residences Lido Key in Sarasota, and South Seas Island Resort on the northern tip of Captiva Island.
Ronto’s walkable/bikeable Naples Square and Eleven Eleven Central developments have transformed the way people live in downtown Naples. Quattro is the fourth building at Naples Square, a community being developed by Ronto at 5th Avenue South and Goodlette-Frank Road in downtown Naples. Homebuyers intent on living an active, downtown lifestyle are encouraged to make their purchase decisions now. Sales worth more than $108 million have been processed thus far and the building is more than 80% sold. A choice selection of just 13 residences remains available. The Quattro residences range from 2,300 to 3,800 total square feet. Every Quattro residence will open to a covered outdoor balcony to create a compelling indoor/outdoor experience. Priced from $2,750,000 to $3,525,000, the Quattro residences offer the largest living spaces and some of the largest condominiums in downtown Naples. Vertical construction is well underway and the building is expected to be completed in fourth quarter 2022. The Naples Square sales center in unit 101 of the Naples Square Phase I building at 1030 3rd Avenue South, #101 is open daily. Finish selections can be previewed at Ronto’s design center at 1114 3rd Avenue South. Visit NaplesSquare.com.
Eleven Eleven Central is an access-controlled community being built by Ronto on Central Avenue between 10th Street and Goodlette-Frank Road in downtown Naples. A limited number of residences remains available for purchase. Each residence will showcase Ronto’s impressive array of standard finishes. Construction of the Phase III building is expected to start in the coming weeks. Phase III offers a final opportunity to enjoy an amenity rich resort lifestyle while residing within easy walking distance from downtown Naples’ attractions. The Eleven Eleven Central Phase III offering includes two and three bedroom plus den floor plans ranging from 1,705 to 2,733 square feet and priced from $1,470,000. Each of the open-concept plans include a separate laundry room. The plans include spacious great rooms that open to covered balconies with outdoor kitchens that will feature gas grills, as well as conversation and dining areas. Inside, gourmet island kitchens will include gas cooktops, Thermador stainless steel appliance packages, and 42-inch upper cabinetry. Ventilated wood shelving will be featured in the closets. Each residence will come with two assigned parking spaces, one of which will include 40-amp power service for car charging with the manufacturer’s adaptor. The sold-out Phase II building at Eleven Eleven Central remains on schedule for completion in first quarter 2022. Located at 1101 Central Avenue, the Eleven Eleven Central sales center is open daily. Call 239-302-6848 for a sales appointment. Visit 1111Central.com.
Omega is a new 27-floor high-rise tower being built by Ronto and will be the final luxury high-rise tower built at Bonita Bay. Construction is on schedule for completion in 4th quarter 2022. Just 14 purchase opportunities remain available. Designed by architect Robert Swedroe, Omega presents a fresh perspective on luxury and offers an approach to high-rise living never available in the Southwest Florida until now. The expansive open living spaces and sheer size of Omega’s residences reflect Ronto and Swedroe’s approach. Rather than designing a four unit per floor building, they created a three unit per floor approach that allowed the residences to be wider and more spacious than any of the other high-rise towers currently under construction in Southwest Florida. The Omega tower will feature 67 residences, including 63 spacious tower residences and four penthouses, three of which are under contract. Pricing for the remaining tower residences that offer a stunning 4,645 square feet or 4,210 square feet under air and expansive views 78-feet or 68-feet wide ranges from $3,900,000 to $5,555,000. The remaining penthouse residence is priced at $8,500,000 and features a six-car “tandem” garage and a private poolside cabana. The unsold residences at Omega will showcase beautiful designer specified feature and finish packages that will be installed as the residences are completed. Homebuyers still have an opportunity to customize their finish selections for a very limited time and are encouraged to make their purchase decisions now. Visit the Omega Sales Center at 26951 Country Club Drive within Bonita Bay from 10:00 a.m. to 5:00 p.m. Monday through Saturday, and Sundays from noon to 5:00 p.m. Call 239-301-4940 for a sales appointment.
Ronto is continuing to expand its already impressive collection of luxury developments. Ronto processed 40 reservations worth $105 million in less than a week at its new Infinity luxury high-rise to be built in partnership with Wheelock Street Capital at The Colony at Pelican Landing in Bonita Springs. Forty-percent of the building is now reserved. The Colony is situated just west of Highway 41 on the waters of Estero Bay. Infinity is the first of two high-rises Ronto will be building within the gated Colony community and will be the first new high-rise built at The Colony in six years. The 22-story tower will include 96 residences ranging from 3,075 to 4,020 square feet. The floor plan choices offer three bedrooms plus a den with three and a half baths or four bedrooms plus a den with four and a half baths. Pre-construction pricing currently ranges from $1.4 to $3.7 million.
In partnership with Wheelock Street Capital, Ronto closed on the purchase of Naples Mansion House, 5.25-acre, beachfront condominium development site located at 1601 Gulf Shore Boulevard North. Naples Mansion House is zoned for a 94-unit condominium development with 482 linear feet of beach frontage. However, The Ronto Group and Wheelock Street Capital envision a project with less density and larger unit sizes in order to appeal to the ultra-luxury condominium market.
Ronto, Timbers Company, and Wheelock Street Capital jointly acquired South Seas Island Resort on the northern tip of Captiva Island. South Seas Island Resort holds an extensive history of drawing generations of families to its exclusive 2.5 miles of white-sand beaches. Since its founding in 1946, the 330-acre resort and wildlife preserve and estuary has been a staple of Florida tourism. The celebrated, family-friendly property boasts 434 accommodations An array of activities are available for guests of all ages.
Ronto and Wheelock Street Capital will also spearhead the development of the Rosewood Residences Lido Key. Situated along one of the country's most beautiful beaches off the coast of Sarasota, Florida, and just a short walk from St. Armands Circle, the 65-unit condominium will be completed in 2025, with sales reservations to launch in December 2021.
Additional projects are in development and will be announced soon. To learn more about The Ronto Group, visit Ronto.com.
