OFTMW

Exciting changes are coming to Mercato, a beloved spot in North Naples, thanks to a collaboration between North American Properties (NAP) and owner PGIM Real Estate. This summer and fall, the partners are set to reimagine Mercato as a vibrant entertainment destination, envisioning a "walkable, experiential oasis." Image by: North American Properties, PGIM Real Estate Expanded Green Space and Enhanced Events Area A key feature of the redevelopment is the expansion of the curre

Governor Ron DeSantis has signed a $116.5 billion "Focus on Florida's Future" budget for the upcoming fiscal year - set to begin on July 1, it includes significant funding for various state priorities while reflecting DeSantis' efforts to reduce unnecessary expenditures. Image from Florida Governor's Office Among the highlights, the budget allocates over $740 million for Everglades restoration, an 8% increase in Medicaid funding for nursing homes, and a $1 million boost for m

Florida boasts 14 of the top 150 best places to live in the United States, according to the latest U.S. News & World Report rankings. The annual list, which was released on Tuesday, evaluates 150 major cities based on various metrics such as housing affordability, household income, quality of education, access to health care, crime rates, and air quality. This year’s rankings incorporated city-based data rather than metro-based data, leading to several new entries from the So

In 2023, Florida cities were prominently featured among the hottest job markets in the United States, as highlighted in a recent Wall Street Journal report. This analysis, based on Labor Department data assessed by Moody’s Analytics, saw Jacksonville, Orlando, Tampa, and Miami all secure positions within the top six nationwide, showing Florida's dominance in the job market rankings. The analysis focused on five key metrics: unemployment rates, labor-force participation rates,

STOCK Residences, a luxury condominium division of Naples' STOCK Development, recently commenced the construction of The Ritz-Carlton Residences, Naples, marking the first Ritz-Carlton-branded residences in the region. The inauguration event, held at 250 Center Street North, saw the attendance of over 100 key figures, including industry leaders, local officials, and prominent realtors, celebrating with a champagne toast and brunch. This significant project is a collaboration

For the second consecutive year, Florida led the United States in population migration, witnessing a significant influx from New York among other regions. In 2022, over 249,000 individuals moved to Florida, attracted by its favorable climate, absence of state income taxes, and flourishing economy. This movement, particularly from high-income households and businesses from states like New York and California, has been dubbed the "great wealth migration," positioning Florida as

Florida's real estate market has experienced significant growth, now ranking as the second most valuable in the United States, according to a recent Zillow study. With a market value of $3.85 trillion, Florida has surpassed New York's $3.69 trillion and Texas's $3.39 trillion. California continues to hold the top position with a market value of $10.18 trillion. The state's rise in the real estate rankings is largely attributed to its population increase and robust constructio

Florida is shedding its reputation as just a retirement destination, attracting a younger and more affluent crowd, according to recent data by SmartAsset. The analysis of 2021 IRS data shows that Florida is the top state for net migration of professionals aged 26 to 35 earning at least $200,000 annually, boasting a net gain of 2,175 individuals. Texas also saw a significant influx of this demographic, attracting 4,048 young, high-earning professionals. However, it also experi

Great Wolf Lodge is all set to open its first indoor water park resort in Southwest Florida, near Interstate 75 in eastern Collier County. The resort, operated by Great Wolf Lodge Inc., will feature 500 family-friendly guest suites and a 100,000-square-foot indoor water park spread across 20 acres. The construction contractor, Suffolk, has recently completed the vertical construction of the resort, including the impressive 90,000-square-foot indoor water park and the 60,000-s