REDEFINING LUXURY LIVING IN SOUTHWEST FLORIDA: RITZ-CARLTON RESIDENCES, ESTERO BAY CONSTRUCTION JOURNEY, AND LATEST ACCOMPLISHMENTS
Welcome to the Ritz-Carlton Residences, Estero Bay, where luxury is redefined and Southwest Florida living is elevated to unparalleled heights. Nestled amid nearly a mile of pristine waterfront in the coastal village of Saltleaf on Estero Bay, the property - a signature development by the London Bay Development Group - includes two elegant 22-story high-rise towers housing 224 distinguished residences. The journey of constructing The Ritz-Carlton Residences, Estero Bay has been a memorable one, filled with significant milestones.
In June of 2022, construction for Saltleaf on Estero Bay began marked by the groundbreaking of the Saltleaf Golf Preserve. This was a milestone occasion to usher in the first construction activity for the 500-acre Saltleaf village, a coastal village on Estero Bay that will be home to The Ritz-Carlton Residences, Estero Bay, Saltleaf Marina and many other special experiences upon its full vision.
In April of 2023, the groundbreaking of Saltleaf Marina began which is designed to connect the residents with the tranquil waters of Estero Bay and the Gulf of Mexico. Featuring 72 slips and a five-star waterfront restaurant open to the public, the brand-new, world-class marina will serve as an invaluable amenity for residents of Saltleaf and the community at large.
By June of 2023, 50% of the units were sold, with purchases totaling $252 million to date, marking a record sales pace for the city of Bonita Springs, Florida.
In July, the official beginning of construction began for The Ritz-Carlton Residences, Estero Bay, a key part of the master-planned Saltleaf on Estero Bay community. These luxurious waterfront condos are set to redefine coastal living. Starting at $3 million, these new condos will have stunning views, private elevators, spacious balconies, and the classic Ritz-Carlton hospitality and service.
In September 2023, The Ritz-Carlton Residences, Estero Bay, reported over 60% of their units sold, achieving a milestone of $300 million under contract. This record sales pace is attributed to the outstanding interest from buyers eager to experience the unique coastal lifestyle on the shores of the thriving Estero Bay aquatic preserve.
This year, in addition to the grand opening of the Saltleaf Golf Preserve, we had the release of the North Tower, and have reached a soaring 85% of the units sold, totaling half a billion in sales.
This outstanding project of The Ritz-Carlton Residences, Estero Bay has been a cooperative effort involving London Bay Development Group, city officials, development partners, and community leaders. We have celebrated our accomplishments together in groundbreaking ceremonies witnessed by special guests, underlining the significance of these milestones in shaping Southwest Florida's luxury-living future.
The Ritz-Carlton Residences, Estero Bay stands as a testament to the dedication and meticulous efforts to create a truly exceptional residential experience for the region's discerning buyers. By gracefully merging coastal living, world-class amenities, and unmatched service, it sets a new standard for luxury living in Southwest Florida. The construction journey and our latest achievements are but a glimpse into what the future holds for this beacon of luxury.
