JV Completes South Florida Senior Community
Developers first broke ground on the project, located just outside of downtown Naples, in 2018.
Senior Care Residence Sapphire Lakes at Naples LLC and its partners have completed The Pineapple House at Sapphire Lakes, a 127-unit assisted living and memory care services property in Naples, Fla.,
The developer broke ground on the project in 2018, financing the construction with a $21.3 million senior loan from a local bank. The development team included Phoenix Associates of South Florida Inc., Development Consulting LLC, IAK Florida Design LLC, Lotus Architecture and GATES Construction.
Located at 7901 Radio Road, the two-story, 115,381-square-foot facility encompasses studio, one- and two-bedroom floorplans ranging from 366 to 928 square feet. Amenities include a fitness center, hydrotherapy room, swimming pool, beauty salon, theater room, library, chapel, private dining room and clubroom bar. Concierge Senior Living manages the community.
The property is less than 10 miles east of downtown Naples, close to Interstate 75. The immediate area holds several golf courses and two shopping centers within a 2-mile radius. The Pineapple House is 10 miles south of another Naples senior community completed in October.