Kolter Urban and BH Group Break Ground on 12-Residence Olana Naples Beachfront Condominiums

Kolter Urban and BH Group have broken ground on Olana Naples, a condominium development of 12 beachfront residences at 1121 Gulf Shore Boulevard North in Naples. The project includes more than 10,000 square feet of indoor and outdoor space, with architecture by Randall Stofft Architects and 10 Design, formerly SB Architects, and interiors by Champalimaud Design. Completion is expected in 2028.

The groundbreaking follows the closing of $197 million in construction financing from affiliates of Apollo Global Management and BDT & MSD Partners. The homes are five- and six-bedroom units with floor-through layouts, private elevators and Gulf-facing terraces. Two Beachfront Villas, each with five bedrooms and over 11,500 square feet of living space, include private pools.

Amenities are largely inside each residence, including a wellness suite, home theater and wine room. Shared features include a Gulf-front pool, cabanas, direct beach access and 24-hour concierge service. Premier Sotheby's International Realty is handling sales, with prices starting at $32 million.

For developers and lenders, the project signals continued appetite for ultra-luxury, low-density beachfront product on Florida's Gulf Coast.