 The Lutgert Companies and The Barron Collier Companies are poised to begin construction of The Mercato, a mixed-use fashion-based lifestyle center in Naples, Florida.
The project, situated on 53 acres on U.S. 41 and Vanderbilt Beach Road, is a joint venture of the two Naples based companies with site work planned to begin in first quarter 2006, with opening targeted for late 2007.
The Mercato will include approximately 350,000 square feet of retail, 100,000 square feet of Class A office space, 175 residential units and an 80 room hotel. The retail component will be anchored by a 50,000-square-foot Whole Foods Market, a 10-screen premium style cinema, seven to eight high volume restaurants and approximately 60 other fashion and home tenants. The residential component, priced between $600,000 and $2 million, includes townhouses, coach homes and condos above retail on “Main Street”. |
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