LONDON BAY DEVELOPMENT GROUP BREAKS GROUND ON THE RITZ-CARLTON RESIDENCES, ESTERO BAY
Amid unprecedented sales success nearing $280 million total, construction commences on this first-of-its-kind luxury property in Southwest Florida
NAPLES, Fla. (July 18, 2023) ─ Prominent Southwest Florida developer and project visionary London Bay Development Group announced today the groundbreaking of The Ritz-Carlton Residences, Estero Bay. This milestone signifies the commencement of residential construction for Saltleaf on Estero Bay, the emerging master-planned village that surrounds the luxury property and will redefine coastal living on the Gulf Coast.
With nearly 60 percent of the residences sold and total sales reaching nearly $280 million, The Ritz-Carlton Residences, Estero Bay’s demand marks record sales pace for Bonita Springs, Fla., and surrounding Southwest Florida markets. Unprecedented interest from buyers drawn to the property is due to its unrivaled offerings and the rare opportunity to live among hundreds of acres of nature on the shore of thriving Estero Bay.
London Bay Development Group, city officials, development partners and friends gathered at The Ritz-Carlton Residences, Estero Bay’s stunning 5,000-square-foot sales gallery, at 5000 Coconut Road in Bonita Springs, to celebrate the groundbreaking on July 14. Honorary guests included Bonita Springs Mayor Rick Steinmeyer and City Council members Laura Carr and Jamie Bogacz, as well as Lee County Commissioners Cecil Pendergrass and Ray Sandelli.
"It is with immense pride that we commemorate the groundbreaking of The Ritz-Carlton Residences, Estero Bay,” said Stephen Wilson, Executive Vice President & CFO of London Bay Development Group. “The project’s success has been nothing short of extraordinary thus far, with future homeowners greatly appreciating our vision to bring a true lifestyle destination never before seen in the area, with the highest echelon of amenities and experiences coupled with the prestige of Ritz-Carlton hospitality. This is a special moment for the property and Saltleaf on Estero Bay, and we are extremely proud of this milestone moment.”
Priced from $3 million, The Ritz-Carlton Residences, Estero Bay will rise 22 stories. Residences range from 2,628 to 3,885 square feet and include two, three and four bedrooms, each with a den. Dedicated private elevator entry, unobstructed sunset views of the bay from every residence and spacious balconies up to 2,200 square feet enhance enjoyment of daily life. Storage will be plentiful, with generous bedroom closets and a personal private storage unit. Owners will have the choice of three finish packages selected by Meyer Davis, the award-winning New York design studio behind the property’s stunning interiors and impressive shared spaces.
Nestled beside the breathtaking beauty of the state’s oldest aquatic preserve of Estero Bay, the residences present a rare opportunity for the legendary brand in a nature-filled oasis. Imagined by globally acclaimed design firm Arquitectonica, the cascading façades of the buildings are inspired by the tranquil waterfront setting, integrating harmoniously into the surrounding topography. Allowing for maximized vistas, each condominium frames the sky to capture natural light, from sunrise to sunset.
Legendary Ritz-Carlton service and personal connections will be apparent in all facets of ownership through the concierge team at The Experience Studio, whether seeking a private training session or spa treatment. A rich program of amenities spans five acres, with 36,000 square feet of indoor offerings alone. This includes a Wellness Center with fitness, a yoga and Pilates studio, private training rooms, and locker rooms with steam and sauna. Adding to the experience, a centrally located, 8,000-square-foot space will present a Sunset Lounge, private dining room, Sports & News Café, Wine & Whiskey Room, card room, and demonstration and catering kitchen.
The property’s outdoor oasis stimulates tranquility, surrounded by enchanting gardens by landscape architect EDSA. Residents can enjoy three pools, abundant open spaces, and floating-like pavilions at an expansive lagoon water feature that visually flows into Estero Bay. Bocce courts, multiple fire pits and barbeque stations also provide abundant activities that promote group gatherings.
The Ritz-Carlton Residences, Estero Bay are set within the new coastal village of Saltleaf on Estero Bay, a reimagined, master-planned community that connects residents to over 500 acres of nature preserve. A short walk leads to the 72-slip Saltleaf Marina, which broke ground last spring, and Saltleaf Golf Preserve, a reimagined 18-hole championship course with a brand new nine-hole short course opening for play later this year.
Minutes away is the friendly town of Bonita Springs, home to dining, boutiques and galleries, and Barefoot Beach, named one of the top 10 beaches in the U.S. Getting to The Ritz-Carlton Residences, Estero Bay is easy, only 20 minutes from Southwest Florida International Airport. For more information, visit the sales gallery at 5000 Coconut Road, Bonita Springs, or www.TheResidencesEsteroBay.com
