The Altman Companies, a nationally recognized developer, builder and manager of exceptional rental communities, announced today that it has broken ground to develop Altís Santa Barbara, a 242-unit upscale apartment community in Naples, Florida. Comerica Bank is providing the construction loan for the development, an institutional lender is providing mezzanine financing, and The Altman Companies, in partnership, with Mill Green Opportunity Fund VII, LLC is providing the equity.
“Over the past 54 years, The Altman Companies has developed a portfolio of high-end rental communities that have redefined the Exceptional Living Experience in Florida and across the country and we are thrilled to begin development of Altís Santa Barbara, a preeminent apartment community in the thriving submarket of Naples,” said Joel Altman, Chairman & co-CEO of The Altman Companies.
Altís Santa Barbara will redefine the highest living standards through its unparalleled way of bringing residents an “Exceptional Living Experience.” Residents will enjoy exclusive membership to The Club within the community with direct access to a 24/7 fitness center complete with a yoga, spinning & aerobics studio, and a wellness room. A Starbucks cybercafé will be housed inside the clubhouse with entree to workspace lounges & a private conference room, a movie theater, and a game room. An additional roster of exclusive amenities at The Club will include a resort-style swimming pool and pavilion, which will be the perfect place for residents to unwind and soak up the sun.
Altís Santa Barbara will be a pet-friendly community offering an indoor air-conditioned dog grooming spa where pets can indulge. The community also includes a pet park with gated, off-leash area to allow residents to bond and play with their pets.
Altís Santa Barbara will feature 242 luxury apartment homes consisting of well-appointed one-, two-, and three-bedrooms. The ultraluxe apartment homes will offer a private entry, or exterior hallways served by elevator, with direct or indirect garage access options. Interior features in each home will include spa-inspired bathrooms equipped with dual sink vanities, a spacious soaking tub and clear glass shower enclosures. The spacious floorplan comes complete with quartz countertops, front loaded washer and dryers, and stainless-steel appliances.
Altís Santa Barbara will be Florida Green Building Coalition certified and its sustainable initiatives will include 100% energy efficient designer lighting, ENERGY STAR® refrigerator and dishwasher, a high efficiency water heater and sub-metered water stations and car charging stations. The community will also be equipped with bocce ball & cornhole courts for residents’ relaxation.
Altís Santa Barbara’s location offers proximity to I-75, downtown Naples, an abundance of retail and major employment centers.
“This transaction and the groundbreaking mark another significant development for The Altman Companies as we continue to develop exceptional Altís communities now in the Naples area,” added Seth Wise, co-CEO of The Altman Companies. “We see ourselves as a catalyst for providing exceptional living experiences for our residents.”
Altís Santa Barbara is located at 4670 Santa Barbara Blvd., in Naples and is set to have its first units delivered in 2023. To learn more about Altís Santa Barbara, please visit https://altmancos.com/.
