Sales and construction to start on $350M condo, marina project

Henley US and Naples-based Gillette Development will soon begin work on The Halcyon Residences & Marina, a waterfront community to be built on a canal about 1 mile from downtown Naples.

The joint venture recently secured full entitlements, clearing the way for sales to launch in January through an on-site immersive gallery. Construction on the $350 million development is scheduled to begin in 2027, with completion expected in late 2029.

The luxury project is being built at 1933 Davis Blvd., on a piece of property that once housed a pawn shop.

The Halcyon will have 66 estate-style units priced from $2.99 million to $7 million. Floorplans will range from 2,190 square feet to 3,375 square feet and include terraces with outdoor kitchens, private elevator access, butler pantries, and natural stone finishes. Each is designed with windows on two to three sides for maximum natural light.

Plans also call for 55,000 square feet of amenities with three guest suites, a skydeck with pickleball and paddle courts, spa facilities, and a Captain’s Club with a speakeasy. Along with the amenities, there will be a 120-slip private marina.

The entities behind the project are Henley US, a division of the real estate investment firm Henley Investment, and Naples-based Gillette Development. Christine Lutz of the Dawn McKenna Group is leading the sales effort.

This article was originally published in The Business Observer: https://www.businessobserverfl.com/news/2025/nov/16/sales-construction-naples-condo/