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NAPLES HOUSING INVENTORY DROPS IN FEBRUARY
Overall housing inventory in Naples dropped 72% to 1,176 in February compared to February 2021, according to the Naples Area Board of Realtors, which tracks home listings and sales within Collier County, excluding Marco Island. Overall pending sales declined 36% to 1,480, while new listings dropped by 14% to 1,261. There were 804 closed sales in February, down 40% from February of last year, with an average of 23 days on the market, down 69%. The median closed price increased 38% to $550,000. 

The full report will be out on Friday , March 25th, 2022.

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AGREEMENT REACHED REGARDING NOISE ISSUES AT CELEBRATION PARK 

An agreement has been reached regarding noise complaints about the amplified music at Celebration Park, the food truck park on Bayshore Drive in East Naples. Some of the details of the agreement include limiting bands to two singers and one drum set, having two speakers for amplification but having them face down and toward the street, sound barriers must be installed, and the music has to end by 9 p.m. during the week and by 9:30 p.m. on weekends. Rebecca Maddox, the owner of Celebration Park, and the residents who live in the area are happy with a resolution after a three-year battle. "I'm going to continue every day to try to make everyone happy. That's hard," Maddox said. The case will be closed once the permit is finalized and fines are paid, WINK News reports. 

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Guess Who Moved Locations!?

Shannon Green FIine  Jewelry Moves To Crayton Cove in the Olde Naples area...

Shannon Green Fine Jewelry has opened a new location in Crayton Cove in Naples, next to Bleu Provence. The jewelry shop has a series of trunk shows scheduled through May. Shannon Green Long is the proprietor of the namesake business, which was formerly located in the Naples Design District for 10 years.

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Naples Fashion Week funds go to New Haven :0)

Naples Fashion Week celebration will host dozens of events at their bi-annual fashion show with proceeds going to Youth Haven. The event will be a week-long celebration from April 4 to April 11 with its, “Designers Show” on April 11 at the Gulfshore Playhouse where it will feature many of the fashion show’s designers. 

The event will be catered by a chef and include wine and champagne along with a silent auction where attendees can bid on exclusive items 

“BRINGING HAPPINESS TO YOUNG CHILDREN AND PREPARING TEENS FOR ADULTHOOD IS THE ENERGY THAT DRIVES OUR PASSION FOR MAKING THIS FASHION WEEK A HUGE SUCCESS. YOUTH HAVEN WILL BE AN INTRICATE PART OF MAKING FASHION WEEK HAPPEN, SOME OF THE CHILDREN WILL MODEL IN THE MAIN FASHION EVENT AND WILL WORK PART-TIME FOR OUR ORGANIZATION.” 

Beth Catizone, founder of Naples Fashion Week 

Beth Catizone, founder of Naples Fashion Week 

Events throughout the fashion week will include a runway fashion show at Casanova Boutique, Dillard’s, and The Club Room, sip & shop at stores, and other music and dance performances. 

The show is said to feature a broad range of haute couture for all ages and sizes; certain events will be free and some will need pre-purchased tickets ; prices will range from $20 to $399 depending on the event.

Information Provided by... https://brightgram.com/naples-fl

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3 workforce/affordable housing projects break 

ground in East Naples area...

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APARTMENTS UNDER CONSTRUCTION ON VANDERBILT BEACH ROAD IN NAPLES

Construction on another Naples-area apartment community recently began in Vanderbilt Commons on Vanderbilt Beach Road west of Collier Boulevard.

FL Star broke recently ground on the 48-unit Vanderbilt Apartments, a three-story, 60,000-square-foot building on 2.5 acres. The building’s site and foundation work will be completed this week and vertical construction should take about a year, said Gary M. Hains of FL Star. 

Vanderbilt Apartments is being developed by an affiliate of FL Star, a conglomerate of real estate entities led by Hains and David E. Torres. FL Star purchased vacant commercial lots 5 and 6 of Vanderbilt Commons in July 2021 for 1.8 million.

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Nutty Nickel

The Friday File: With the price of nickel recently quintupling in value to $100,000/metric ton, a nickel is now worth about 16 cents in metal or “melt” value. Each nickel weighs five grams and contains 1.25 grams of nickel, worth 12.50 cents and 3.75 grams of copper, which at $10,000/metric ton is worth 3.75 cents. Note, as of 4/16/07 the mint has prohibited the melting of pennies and nickels.

Econ70 - Home of GraphsandLaughs www.econ70.com Elliot F. Eisenberg, Ph.D. elliot@graphsandlaughs.net (202) 306 2731

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PHELAN FAMILY LAUNCHES TWO FILLETS DINING 

CONCEPT IN NORTH NAPLES!

Phelan Family Brands launched a new brand this week with the opening of Two Fillets, a seafood and steak restaurant and market in North Naples. 

Two Fillets, promoted as “where coastal charm and Florida flavor meet,” refreshes the former site of Randy’s Fishmarket Restaurant and Deep Lagoon Seafood. It’s the 20th restaurant for Phelan Family Brands, which also includes Pinchers, The Bay House, Deep Lagoon, Texas Tony’s Rib & Brewhouse, Phuzzy’s Boat Shack and Island Crab Co.

READ MORE HERE 

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HELP AVAILABLE FOR COLLIER COUNTY RESIDENTS FACING FORECLOSURE, EVICTION, HOUSING INSTABILITY ... News Provided by Gulfshore Business Daily

Collier County is expanding its scope to help more residents who are struggling to pay rent, mortgage or utilities. The county has allocated $7 million of the American Rescue Plan Act funds toward lessening the housing affordability issue. Qualifications include proof of income between 81% and 140% area median income (AMI), Collier County residency and financial strain during COVID-19. Each qualified applicant may receive a maximum of $25,000 that will be paid directly to the landlord, mortgage provider or utility company. The county also is accepting Emergency Rental Assistance Program applications from those who need similar assistance and whose income is at or below 80% AMI. Interested individuals can apply online at CollierFLAssistance.com. The county also has entered into agreements with Legal Aid, which provides legal services for those facing foreclosure and eviction; and HELP, which provides financial counseling services.  

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