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Two Bonita Bay undeveloped parcels, earmarked for high-rise condominiums, have been sold for $21.5 million dollars.

Wheelock Street Capital LLC, a Greenwich, Conn.-based real estate investment firm, has partnered with The Ronto Group of Naples to buy the adjacent parcels from local developer The Lutgert Companies.

Wheelock and Ronto, the new owners of the parcels, have partnered before to buy and develop properties in Southwest Florida. The two teamed up this past March paying $21.5 million dollars for the vacant 16 acre parcel known as Grand Central Station on Goodlette-Frank Rd. in downtown Naples. A mixed-use development with 300 residences called Naples Square is planned for the space.

The two Bonita Bay properties are zoned for multi-family housing and are the last two undeveloped parcels designated for high-rise construction. Six luxury high rise towers are adjacent to the newly purchased property located at 4971 and 4991 Bonita Bay Blvd..

Wheelock and Ronto have not announced development plans or a construction time-frame for the parcels.