AQUA-the luxury condominium tower on Vanderbilt Dr. near Wiggins Pass has new ownership. An affiliate of Ironshore Capital LLC, a Ft. Lauderdale real estate investment group, purchased the residential tower and adjacent marina for an  undisclosed amount. AQUA’S 11 Story, 48 Unit Tower came online in 2008 just as the real estate market started a steep nosedive. Initially planned as a two tower complex, AQUA’S orginal developer, EcoVenture Wiggins Pass Ltd. filed for chapter 11 bankruptcy in June of 2008 and the project was taken over by several financial institutions led by Regions Bank. Ironshore Capital plans to construct the second, 36 condominium tower when market demand returns.

 According to Ironshore Capital’s web site, the company was formed in 2007 to invest in value-oriented real estate opportunities. The firm’s capital is provided primarily by institutional investors. Ironshore’s investment philosophy is to target quality real estate assets with long term, fundamental value. The company’s portfolio includes two other projects in Florida-a beach front condominium in Jacksonville and a residential community in Vero Beach.

 AQUA is among the newest residential construction in Collier County. Thirteen of the original 48 units have sold so far. The ultra-luxury property boasts a resort style pool, spa, fitness center, business center, private dining room and theater. There are 29 boat slips at the private marina with quick gulf access at nearby Wiggins Pass.  Condominiums range from just over 3500 Sq. Ft. to over 5,400 Sq. Ft. and feature tremendous gulf and bay views.

 Prices at AQUA start at $1,000,000 for a 4 Bed + Den, 4 Bath, 3,590 Sq. Ft. Unit and top out at $2,975,000 for a 5,464 Sq. Ft., 4 Bed, 4+ Bath Penthouse. The luxury units include best in class features including Snaidero Cabinetry, Waterworks faucets and Sub-Zero-Wolf kitchen appliances. All of the residences at AQUA come decorator ready-buyers can choose their flooring and paint.

 AQUA’S new ownership signals an opportunity for discriminating buyers looking for a new construction luxury condominium with the highest class of amenities in a fantastic North Naples location. If AQUA appeals to you, call Jim today at 239-273-3833 for more information or to schedule your private tour of this world-class tower residence.

Listing information courtesy of Premier Sotheby’s International Realty.