Naples wine fest tops for 12th time, sets 2019 festival

Naples wine fest tops for 12th time, sets 2019 festival

red wine pouring into a wine glassOn the eve of announcing its 2019 theme, “Joy to the World,” the Naples Winter Wine Festival received a banner to wave over it: a 12th award as “No. 1 Charity Wine Auction” by Wine Spectator magazine.

Wine Spectator awarded the honor of “No. 1 in the U.S.” to the 2017 festival, which raised nearly $13.5 million under the live auction tent. That did not include its Fund a Need, which won another $1.6 million live donations for the Naples Children & Education Foundation (NCEF) health care initiative. Including other donations, that fund brought in $2.4 million specifically for children’s oral health, mental health, primary and vision care.

“We are extremely honored to have been selected as the top charity wine auction in the country by Wine Spectator,” said 2017 Co-Chair Bill Cary in a news release about the award. “Each year, we strive to bring Festival guests the best in food, wine and lifestyle, but at the end of the day, we’re all here for the kids.”

Since 2001, festival information noted it has raised more than $176 million for its founding organization, the NCEF, which has awarded grants to more than 45 nonprofit organizations that server more than 200,000 children.

Next year’s Naples Winter Wine Festival (NWWF) is set for Jan. 25-27, and its four chairs were recently announced.

Naples planning board OKs Old Naples Hotel proposal for Third Street South

Naples planning board OKs Old Naples Hotel proposal for Third Street South

Rendering of Old Naples Hotel in downtown Naples. View from the courtyard. (Photo: Courtesy/Hart Hoverton)

Rendering of Old Naples Hotel in downtown Naples. View from the courtyard. (Photo: Courtesy/Hart Hoverton)

lisa.conley@naplesnews.com; 239-213-5308 Published 12:28 p.m. ET April 11, 2018 | Updated 5:55 p.m. ET April 11, 2018

Tim McCarthy, with Hart Howerton, presents the latest plans for the Old Naples Hotel, which would replace the Third Street Plaza.

The Naples Planning Advisory Board has approved the Old Naples Hotel for Third Street South.

The planned four-star hotel would replace the long-vacant Third Street Plaza, often described as an eyesore in the otherwise bustling Third Street South shopping and dining district in downtown Naples.

The project, approved unanimously by the city’s design review board in May 2017, has been scaled back to address neighborhood concerns about its size.

The planning board approved the project 4-3. Board members James Melican, Chae Dupont and John Cross dissented, saying they could not support the hotel’s deviations from city codes.

The project is scheduled to go before the City Council for a final decision May 16.

If approved, construction could start in May 2019, with hopes for a soft opening by Thanksgiving 2020, before the January peak of the busy tourist season.

Some residents still think the hotel would be too large for the area.

But others have commended the developers for listening to residents and making changes to the project.

“We cannot set them up for failure” by asking them to reduce the size even further, said Karen Larson, who lives across the street from the site. “I am concerned if they don’t get approved, who’s going to be the next developer that’s going to come forward?”

George Buonocore Jr., owner of The Paper Merchant nearby on 13th Avenue South, also expressed support for the hotel and the business he said it will bring to the area.

“This hotel will be the saving grace of Third Street,” he said. “The merchants are dying in the summer and rents are going up. We need this hotel.”

The hotel also will improve the area’s aesthetics, said Robert Langley, owner and CEO of Langley Properties Co.

“I think it’s done perfectly,” he told planning board members. “If this was my deal and I was in your place, why would you not do it? I can think of 30 reasons to do it and no reasons not to do it. It’s kind of a no-brainer.”

The new plan shows 109 hotel rooms, down from the original 118. The smaller footprint would allow for the expansion of a courtyard with gardens. The pool still would go on the roof, leaving room for a larger courtyard.

With the changes, the project would have 34,500 square feet of usable open space, representing more than 37 percent of the land it will sit on.

Additionally, the new plan shows two retail shops, spanning about 3,800 square feet. Three stores were in the initial design.

The project would have a 930-square-foot indoor cafe with 2,800 square feet of outdoor dining, as well as a 1,500-square-foot spa, both open to the public. A corner sundry shop would be designed for hotel guests.

Plans also include a valet-only garage with 124 parking spaces, which would be available free to the hotel’s guests and retail customers.

The land is zoned for commercial use, but the developers would need approval for a 7-foot increase in height to accommodate the rooftop pool and a cupola. They also would need approval for the amount of lot coverage required to fit a bank of hotel rooms at the back of the property.

Furthermore, the developers would need city approval to implement a “shared parking plan.” According to the city’s code, mixed-use buildings must provide the same amount of parking that would be required if each use was located separately. In contrast, a shared parking plan calculates the parking need based on the building as a whole.

Planning board Vice Chairman David Feight had some concerns about the parking, noting that following the code would result in about 50 more spaces.

“We notoriously underestimate parking, which is why we have problems both on Fifth Avenue and Third Street. You’re content that 124 will get the job done?” he asked city staff.

City staff said yes and added that Hyatt House and Naples Bay Resort both use shared parking plans and there have been no issues.

The developers also asked for the OK to receive morning deliveries of linens, retail goods and produce at the front of the hotel six days a week, instead of using access off Gordon Drive, which is more congested and closer to homes.

Business reporter Laura Layden contributed to this article.

First Quarter Housing Market Activity Sets the Stage for Strong Year

First Quarter Housing Market Activity Sets the Stage for Strong Year

homes for sale in Naples, Florida - NABOR Market Report logoNaples, Fla. (April 13, 2018) – Sales of homes above $1 million in Naples during the first quarter of 2018 drove the market. Their sales increased 61 percent compared to the same quarter of 2017 according to the First Quarter 2018 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island).

“January’s results led some to question expectations for the year when compared to last, yet in February the market gained its stride which accelerated in March with closed sales shooting ahead to end the first quarter on a very impressive note,” said a Broker. According to NABOR’s monthly reports, January had 672 closed sales, February reported 672 closed sales, but March kept agents very busy with 942 closed sales, driven by a strong high end which included a number of new construction condominiums just delivered.

Pending sales in the first quarter of 2018 increased 3 percent to 3,177 compared to 3,097 in the first quarter of 2017. Although pending sales for both single-family homes and condominiums over $1 million increased by double digits, it was the $2 million and above condominium market that raised eyebrows among brokers who reviewed the reports.”Tourism was up in our area this season compared to last year so it is not surprising that we would end with strong pending sales for the quarter,” said a Broker. “But I wasn’t expecting to see a 109 percent increase during the quarter in pending sales for condominiums over $2 million!”

“There are very good investment opportunities in the condominium market, especially at both ends of the market,” added a Broker. “The top and bottom price categories are where both the inventory has grown and the prices have dropped.”

As reflected in the market’s year-ending statistics (12-months ending 1Q 2018 versus 12-months ending 1Q 2017), there was a 69 percent increase in closed sales of condominiums in the $2 million and above market, and a 17 percent decrease in its median closed price to $2,450,000 from $2,962,000 in 2017. Despite rocket sales in this high-end sector during the first quarter of 2018 (179 percent increase) and a drop in median closed prices for the first quarter (24 percent decrease), its inventory increased 5 percent! Similarly, median closed prices for condominiums in the $300,000 and below price category dropped 1 percent to $199,000 from $200,000 in the first quarter of 2017, but inventory increased 3 percent.

The NABOR® First Quarter 2018 Market Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. The NABOR® First Quarter 2018 sales statistics are presented in chart format, including these overall (single-family and condominium) findings:

CATEGORIES
Q1 2017
Q1 2018
CHANGE
Total homes under contract (pending sales) (quarter/quarter)
3,097
3,177
+3%
Total closed sales (quarter/quarter)
2,205 2,306 +5%
Median closed price (quarter/quarter)
$330,000 $370,000 +12%
Median closed price >$300K (quarter/quarter)
$510,000 $575,000 +13%
Total active listings (inventory)
6,389 6,112 -4%
Average days on market
95 95 0%
Single-family closed sales (quarter/quarter)
1,059 1,050 -1%
Single-family median closed price (quarter/quarter)
$410,000 $448,000 +9%
Single-family inventory
3,236 2,964 -8%
Condominium closed sales (quarter/quarter)
1,146 1,256 +10%
Condominium median closed price (quarter/quarter)
$270,000 $299,000 +11%
Condominium inventory
3,154 3,148 0%
Broker experts analyzing the reports said most counties in Florida continue to see inventories decline, but the Naples area experienced a steady rise over the past few months. In fact, according to a Broker, there is currently 8.25 months of inventory available in Collier County. Months of inventory is a nationally accepted measurement of how fast all existing homes on the market would last assuming no additional listings are added and sales activity continues to remain the same as the previous 12 months of sales.
“There were 118 closed sales of condominiums between $1.4 million and just over $2 million in a new development located in North Naples during the last two months that impacted our median closed price statistics,” said a Broker. These “one-day-on-the-market” closed sales are one reason why the report showed a 13 percent increase in the median closed price for condominiums in the $1 to $2 million price category and a 24 percent decrease in median closed prices for condominiums in the $2 million and above price category.
Several brokers who reviewed the reports, are concerned sellers may misinterpret this statistical anomaly as a reflection of the area’s comparable pricing activity. “These sales were for new luxury condos that were secured over a two year period. When the project obtained its final Certificate of Occupancy, the closings were finalized and they all appeared as a one-day sale in the MLS.”
However, this was not the only new construction activity that influenced NABOR®’s first quarter statistics. According to a Broker, many sellers of speculative single-family homes that have been on the market for over two years in neighborhoods like Park Shore and the Moorings began to set more realistic list prices this past quarter, which resulted in more sales in the high-end, single-family home market.
If you are looking to sell a home in Naples, contact a REALTOR® who has the experience and knowledge to provide an accurate market comparison so you can determine the right asking price. A REALTOR® can also ensure your next purchase in the Naples area is a success. Find our more at Naplesarea.com.
The Naples Area Board of REALTORS® (NABOR®) is an established organization (Chartered in 1949) whose members have a positive and progressive impact on the Naples Community. NABOR® is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 6,000 plus members. NABOR® is a member of the Florida Realtors and the National Association of REALTORS®, which is the largest association in the United States with more than 1.3 million members and over 1,400 local board of REALTORS® nationwide. NABOR® is structured to provide programs and services to its membership through various committees and the NABOR® Board of Directors, all of whose members are non-paid volunteers.
 
The term REALTOR® is a registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS® and who subscribe to its strict Code of Ethics.
To view the entire report, visit www.NaplesArea.com