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The second 22-story tower at The Ritz-Carlton Residences, Estero Bay rises beside Tower One in Bonita Springs. The $750 million London Bay development includes 224 residences between the two towers, with completion targeted for August 2027.<\/p>\n
David Dorsey<\/p>\n
Tower Two is about 45% purchased.\u00a0<\/p>\n
Coastal Construction, the project\u2019s general contractor, began construction on the development in July 2023.\u00a0<\/p>\n
Every floor offers views of Estero Bay and surrounding mangrove swamps to the southwest and the Saltleaf Golf Preserve to the east.\u00a0<\/p>\n
Units start at about $3.8 million and eclipse $15 million for the penthouse suites, which have 14-foot-high ceilings compared with almost 10 feet for the rest of the units.\u00a0<\/p>\n
\u201cThe two towers are exactly the same, but facing in the opposite direction,\u201d said Stephen Wilson, executive vice president and CFO of London Bay.\u00a0<\/p>\n
The amenities in each tower are also slightly different. Tower Two has a movie theater and a golf and sports simulator. Tower One has a children\u2019s play area.\u00a0<\/p>\n
Mark Wilson founded London Bay in 1990; Stephen Wilson joined his brother\u2019s company in 1999. Their knowledge of the market, Stephen Wilson said, gave them the confidence to build to their grandest scale yet.\u00a0<\/p>\n
\u201cWe\u2019ve been working in the luxury home market for 36 years, and we know this area very well,\u201d said Stephen Wilson, noting London Bay sold two homes in Naples earlier this year for $36 million and $40 million, respectively. \u201cWe saw what was happening with more wealth coming to Southwest Florida. We assessed what we had here, with views second to none.\u00a0<\/p>\n
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Workers prepare palm trees and an American flag to be lifted by crane during the Sept. 18 topping-off celebration at The Ritz-Carlton Residences, Estero Bay. More than 400 construction workers attended the milestone event.<\/p>\n
David Dorsey<\/p>\n
\u201cSure, we were in the penthouse, but the view from every single unit is exactly the same other than the height from it.\u201d\u00a0<\/p>\n
Brion Salatino, senior project manager for Coastal Construction, addressed the construction workers, thanking them for their contributions. He revealed some of the project\u2019s details.\u00a0<\/p>\n
So far, 779,385 manpower hours have been recorded.\u00a0<\/p>\n
\u201cWe talk every day about schedules, production, manpower and getting the job done,\u201d Salatino said. \u201cBut none of that is more important than making sure the people who walk through these gates every morning walk back out of them. So, before anything else, we need to thank God for watching over this project \u2014 and thank every person standing here for watching over one another.\u201d\u00a0<\/p>\n
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An American flag and palm trees are hoisted by crane Sept. 18 to mark the topping off of the second tower at The Ritz-Carlton Residences, Estero Bay in Bonita Springs. The 22-story tower will include 112 residences and is scheduled for completion in August 2027.<\/p>\n
David Dorsey<\/p>\n
So far, there have been more than 3,260 tons of reinforcing steel, 6.5 million pounds of concrete, 5,600 concrete trucks coming through the site\u2019s gates and 130,000 concrete blocks installed, Salatino said.<\/p>\n
Topping off ceremonies, he said, were a tradition going back a thousand years.<\/p>\n
\u201cTraditionally, builders placed a tree at the highest point of a structure as a symbol of life, growth, good fortune and safe construction,\u201d Salatino said. \u201cIn America, we eventually added our flag as a symbol of the men and women who built it. Traditionally, a pine tree is used, but in Southwest Florida we used a palm tree.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" The second tower at The Ritz-Carlton Residences, Estero Bay has reached full height, marking a major construction…\n","protected":false},"author":2,"featured_media":406510,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[11178,209,211,210,161400,115889,161399,161401],"class_list":["post-406509","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cape-coral","tag-bonita-springs","tag-cape-coral","tag-cape-coral-headlines","tag-cape-coral-news","tag-coastal-construction","tag-london-bay","tag-ritz-carlton-residences-estero-bay","tag-tower-topping-off"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/406509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=406509"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/406509\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/406510"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=406509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=406509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=406509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}