Sunday, September 26, 2021

Naples’ Gordon River Apartments in River Park sold to investment firm

The Gordon River Apartments sold last week for $17.5 million to Naples 1400 LLC of Corridor Ventures, a real estate investment firm, according to a warranty deed and the former owner of the apartment complex.

The 95-unit apartment complex’s address is 1400 Fifth Ave. N. in the River Park neighborhood.

“We just sold Gordon River Apartments to Corridor Ventures for $17.5 million yesterday,” Jonathan Shechtman, co-founder of Axonic Properties LLC, wrote in an email Friday.

Other news:Naples civil rights activist Willie Anthony dies, fought for years to improve lives of others

Read more:Naples considering acquisition of Gordon River Apartments in the River Park neighborhood

The Naples Community Redevelopment Agency had been exploring a city purchase of the apartment complex in an effort to maintain affordable housing in the historically Black neighborhood.

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