The Ronto Group today announced plans for a 26-floor, 120-unit luxury high-rise tower within the Bonita Bay community in Bonita Springs. The Naples-based developer and Wheelock Street Capital acquired the final two high-rise tower parcels at Bonita Bay late last year. Santiesteban & Associates, the renowned architect of high rises in Bonita Bay and in Naples’ Park Shore Beach community, is designing the new tower.
The new tower will showcase the luxurious, open living environments that today’s homebuyers prefer. Residences are expected to range from 2,850 to 3,500 square feet with three bedrooms or three bedrooms with a den that can be used as a fourth bedroom, and three-and-a-half baths, as well as penthouse residences ranging from approximately 4,300 to 4,500 square feet. Each residence will come with two under-building parking spaces. Private enclosed two-car garages may be offered as well.
The flowing great room floor plans will include private elevator lobbies, high ceilings, large island kitchens, and terraces with outdoor kitchens overlooking Estero Bay and the Gulf of Mexico, Bonita Bay’s golf courses and mangrove preserves. The residences will be fully completed with luxurious, premium quality finishes and offered move-in ready.
Residents of the yet-to-be-named tower will enjoy an array of amenities already in place, including a theater, card and social rooms, a fully-equipped fitness facility with a spalike sauna, massage room and steam room, and a large resort-style pool and deck with a covered cabana that includes a bar and grill. Preliminary plans for the new tower include a rooftop amenity deck with a venue for entertaining and enjoying Southwest Florida’s Gulf views and sunsets.
The world-class amenities of the Bonita Bay Club, including three on-site and two off-site golf courses, will be available to residents of the new tower. The club recently completed an $11 million renovation of its 50,000 square-foot clubhouse and plans are underway to renovate and expand the fitness center. In addition to the formal and casual dining venues at the clubhouse, an on-site marina offers a dining and lounge experience. Twelve miles of on-property hiking trails and a kayaking and canoeing lodge offer additional recreational possibilities. For those who prefer the beach, bus transportation is provided to a private beach club complete with picnic pavilions, grills, beach chairs, and umbrellas just minutes away on Little Hickory Island.
The Naples-based Ronto Group has been creating new experiences in luxury living for nearly 50 years. Founded in 1967 by A. Jack Solomon, the Ronto Group is a family company now managed by Jack and his son, Anthony. Ronto’s commitment to excellence is found in residential, commercial, and retail projects from Toronto to the Tropics.
Ronto’s expertise and attention to detail are showcased in an expanding number of successful communities in Southwest Florida, including Paramount at Gulf Harbour; Palmira Golf and Country Club; Torino and Miramonte at Grey Oaks Country Club; TwinEagles; Lindsford, a mix of single family and town homes with an amenity center and resort style pool; and Naples Square, a new development in downtown Naples. Wheelock Street is Ronto’s capital partner on Naples Square as well as the new Bonita Bay high-rise tower.
Wheelock Street Capital was formed in 2008 by Jonathan Paul and Rick Kleeman, two veteran real estate private equity investors, each with more than 20 years of broad real estate transaction experience across all major asset classes. The firm is currently investing its fourth fund and its second multi-investor discretionary opportunity fund, which consists of $625 million of committed capital. Wheelock’s first two funds were primarily funded by a single private institutional investor.
Ronto anticipates that reservations for residences at the Bonita Bay luxury high-rise tower will be accepted late this year. Pricing for the residences will be announced this fall. Interested homebuyers can register for the interest list and project updates at www.ronto.com.Click to read article