The Pearl Founders Square Update 03/20/23

Naples Luxury Apartment Community Sold for $125.1 Million



A New York- based real estate investment firm, Beitel Group, has acquired The Pearl Founders Square, a luxury apartment community in Naples. Beitel group purchased the property from the property’s developer, Davis Development for $125.1 million. The Pearl Founders Square a new, premier apartment community offers 400 studio, one-, two- and three- bedroom apartment units contained in five four-story buildings. Construction of the community was completed in Fall 2022. The community amenities include two resort-style pools, two-story state-of-the-art fitness center with cardio, resistance, spin, and free weights. The clubhouse lounge areas feature games and TV’s, golf simulator lounge, gourmet coffee and hot tea bar, movie theater, cyber lounge, gourmet demonstration kitchen, outdoor courtyard, and outdoor grill stations. The location, at the intersection of Immokalee Road and Collier Boulevard is convenient to multiple shopping and dining options.

Photo: Pearl Founders Square


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