The CRA began 2025 by calling a Special Meeting to discuss an opportunity to purchase existing multi-family apartments, known as Stillwater Cove, which have historically provided affordable rents in Naples. A full property evaluation was conducted to determine the existing conditions and future redevelopment potential.
The CRA called two Special Meetings and had discussions during regular meetings. The CRA discussed four unique options to purchase the property and heard public input during each meeting. Upon full consideration, the CRA did not take action to purchase the property. The CRA continues to seek opportunities to preserve affordable housing within the Redevelopment Area.
During 2025, the construction of the 1st Avenue South Public Parking Garage was completed, and the garage was opened to the public. This public parking garage in the Naples Design District area will support the patrons of the new Gulfshore Playhouse, surrounding businesses, and parks. The CRA’s investment in parking in the Redevelopment Area continues to support and spark property owner investment in redeveloping aging properties.
The CRA continued its progress to improve drainage, infrastructure, safety, and aesthetics along 1st Avenue South, 12th Avenue South and the 10th Street in the Naples Design District. During 2025, the CRA provided direction to add significant stormwater improvements to the project.
This stormwater design addition implements an identified project within the City’s Multi-Basin Prioritization Plan. The design is expected to be completed in 2026.
The 4th Avenue South/8th Street Public Parking Garage was built in 1999. The parking garage regularly goes through evaluations and when necessary, repairs. The most recent evaluation recommended sealing joints and other repairs. That work was completed along with the final phase, painting. This project was well managed over the course of a few weeks with minimal disruption to the public and 5th Avenue South business owners.