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Gulf Bay® Group of Companies currently is the largest privately owned development company in Florida, with headquarters in Naples, Florida. It is a multi-faceted real estate development company with capabilities that include planning, development, real estate construction, sales, hospitality management and operations. Gulf Bay has vast experience in successfully master planning large multi-faceted, highly “amenitized” communities. Far more than a developer in the traditional sense, Gulf Bay is vertically integrated and performs these ancillary functions for its own account in order to maximize the value of its holdings. Gulf Bay's completed and envisioned build-out value of luxury residential properties is in excess of $7 billion. COMPANY BACKGROUND:Gulf Bay’s president and CEO, Aubrey J. Ferrao, founded the company in 1986 and today Gulf Bay, with more than 500 employees, is one of the largest employers in Naples, Florida. With the addition of disciplines such as marketing, real estate brokerage, and hotel development; development, ownership and operations of restaurants and resort clubs, a marina and yacht club, and spa facilities; golf course development; and the construction of high-rises, villas, coach homes, single family and custom estate homes over the years, the company came to be known as The Gulf Bay® Group of Companies. Focusing on luxury high-rise and garden-style condominiums in the community of Pelican Bay in Naples, the company completed seven residential properties in less than four years and established itself as the “Creator of the Pelican Bay Skyline.” By June 2000, Gulf Bay had completed 14 luxury condominiums along its widely popular one-and-a-half-mile stretch of gulf front property. In 1994, when most of the region’s major real estate developers were flocking to the north Naples and Bonita Springs markets, Ferrao sought out prime, untapped land in south Naples and on Marco Island, with the intent to hold onto it until the time to develop was right. The first acquisition consisted of approximately 1,300 acres that would become Fiddler’s Creek®, a master-planned community that is sure to be a paradigm for future developments. The second acquisition thereafter increased the community’s size to its current 3,931 acres. With completion scheduled around 2020, significant milestones thus far include the opening of a 54,000-square-foot Club & Spa in 1998, a fine dining restaurant, Caxambas® in 2001, and the Arthur Hills-designed Creek Course in February 2002. Currently, more than 28 “villages” are sold out or under development and nearly 2,000 residences have been sold. At completion, Fiddler’s Creek will have in the order of 100 villages and approximately 6,000 residences. During this same period, Gulf Bay purchased one of the last parcels of undeveloped beachfront property on Marco Island and began construction of its first hotel condominium and beachfront restaurant. The Marco Beach Ocean Resort®, an all-suite luxury hotel, opened December 2001. Sale e Pepe® restaurant, in the adjacent Beachfront Pavilion, opened March 2002. Operating as a hotel, under the Gulf Bay Hotel Company brand, the Marco Beach Ocean Resort offers the ultimate resort experience with superb amenities and uncompromising service. Since its founding, Gulf Bay has enjoyed a strong reputation for integrity, service and top-quality construction that is always delivered in the best interests of its customers. Its longer-range view of enduring excellence has earned widespread consumer, financial industry and community confidence for more than a decade and forms the foundation for growth well into the current century. Few of Florida’s residential developers have equaled Gulf Bay’s achievements. COMPLETED GULF BAY PROPERTIES: St. Tropez at Pelican Bay was developed in 1986 with 52 luxury residential units in a 15-story high-rise. Current value estimate: $40 million. St. Maarten at Pelican Bay was developed in 1987 as a 21-story luxury high-rise condominium with 90 units overlooking the Gulf of Mexico. Current value estimate: $125 million. St. Thomas at Pelican Bay, comprising 32 luxury low-rise condominiums, was developed in 1987. Current value estimate: $30 million. St. Lucia at Pelican Bay was developed as a 17-story high-rise with 70 luxury units overlooking the Gulf of Mexico. St. Lucia was developed in 1988. Current value estimate: $80 million. St. Lucia Gardens augments the St. Lucia high-rise with 16 luxurious low-rise condominiums built in 1988. Current value estimate: $18 million. St. Simone at Pelican Bay added 36 luxury low-rise units of Gulf Bay residences in 1989. Current value estimate: $24 million. St. Nicole at Pelican Bay is a 22-story high-rise built in 1990 with 97 luxury residences overlooking the Gulf of Mexico. Current value estimate: In early 1990, Gulf Bay began development of the gated community of Crown Colony in Pelican Bay, comprised of five high-rise and low-rise condominiums including St. Marissa, St. Vincent's, St. Kitts, Cap Ferrat and Cannes. St. Marissa at Crown Colony is a 22-story high-rise with 97 luxury units, completed in 1991. Current value estimate: $145 million. St. Vincent’s at Crown Colony added to the low-rise community program with 26 garden and villa units in 1991. Current value estimate: $20 million. St. Kitts at Crown Colony added an additional 22-story high-rise with 97 luxury units, completed in 1993. Current value estimate: $145 million. Cap Ferrat at Pelican Bay was completed in November 2002. Located within Crown Colony overlooking the Gulf of Mexico, Cap Ferrat is comprised of 22 stories and 111 luxury residences. Current value estimate: $275 million. Cannes at Crown Colony, a low-rise cluster of four condominium coach home buildings, was completed in 2005. Current value In 1994, Gulf Bay created Waterpark Place, a private community located on a prime site between the Gulf of Mexico and the Pelican Bay golf course. Planned for four condominium towers with an envisioned total approximate sell-out value in excess of $900 million, Waterpark Place completed its first building, St. Pierre, in January 1994 and its second tower, St. Laurent, in January 1997. The planned highrises of Cap d'Antibes and Cote d’Azure will be built at Waterpark Place on the last available piece of land in Pelican Bay. St. Pierre, created in 1994 overlooking the Gulf of Mexico, added 105 units in a 22-story luxury high-rise in the planned community of Waterpark Place at Pelican Bay. Current value estimate: $175 million. St. Laurent at Pelican Bay consists of 22 stories and 107 luxury units overlooking the Gulf of Mexico and was completed in March 1997. St. Laurent is located in the planned community of Waterpark Place in Pelican Bay. Current value estimate: $175 million. In 1995, Gulf Bay ventured beyond Pelican Bay and into the prestigious Park Shorearea of Naples. The Brittany, located on Park Shore Drive in Naples, introduced 127 luxury units on the Gulf of Mexico. This elegant building was built in 1995. Current value estimate: $350 million. Saint Raphael was completed in June 2000 with 22 stories and 178 luxury units overlooking the Gulf of Mexico in Pelican Bay. Current value estimate: $400 million. Marco Beach Ocean Resort on Marco Island opened December 2001. This facility is a 98-suite, luxury hotel/condominium and is a member of Preferred Hotels and Resorts as well as rated Four-Diamond by AAA. The Resort includes a spa and fitness center, executive conference rooms, a waterfront ballroom, rooftop swimming pool and garden terrace, beachside and poolside bars, as well as casual and fine dining. The Marco Beach Ocean Resort is one of only a handful of resorts in Collier County located directly on the beach. Current value estimate: $175 million. The Beach Pavilion at Marco Beach Ocean Resort is a Tuscan villa-inspired building that houses a restaurant and lounge, banquet and ballroom facilities, beachside bar, and changing facilities. Sale e Pepe® restaurant features décor inspired by the Italian Renaissance, combined with an authentic Italian menu, an award-winning wine collection with over 700 labels, and Gulf of Mexico views for a sophisticated yet casual dining environment. Sale e Pepe’s wine list was recently honored with the “Best of Award of Excellence” by Wine Spectator magazine. Adjoining Sale e Pepe is Toulouse™ lounge, a turn-of-the-century tribute to the Belle-Époque period of Paris and the great artist Henri de Toulouse-Lautrec. There is expansion room for dining or other types of events in the Beach Pavilion.
Fiddler’s Creek® is being developed by one of the Gulf Bay Group of Companies. This world-class community is comprised of nearly 4,000 acres of land in Naples, Florida and is capable of accommodating a planned 6,000 residences upon projected build-out in 2020. Less than one-third of Fiddler’s Creek will be developed for residential use, while the remainder of the land is dedicated primarily to nature preserves, lakes, parks, golf courses and recreational areas. Homeowners at Fiddler’s Creek are members of The Club & Spa at Fiddler’s Creek, a 54,000- square- foot resort-style clubhouse with fitness and tennis facilities, spa services, a multi-pool complex and casual and formal dining venues. The Tarpon Club Marina will be developed on prime waterfront property located on the Isles of Capri, FL. Planned facilities and services available at The Tarpon Club Marina include a full-service marina with direct access to the Gulf of Mexico, wet slip* and dry boat storage, a ship’s store and a casual and fine dining restaurant providing panoramic views of Johnson Bay. *All wet slips within the Tarpon Club Marina are available for rental to the general public on a first-come, first-served basis. In Pelican Bay, the planned highrises of Cap d'Antibes and Cote d’Azure will be built at Waterpark Place on the last available piece of land in Pelican Bay with an anticipated buildout value is in excess of $575 million. CONTACT:Gulf Bay Group of Companies |