Press

BloombergBusiness – These 18 Cities Will See the Most Economic Growth Next Year

June 18, 2015

For the past few years, oil towns have dominated the ranks of the fastest-growing economies in America. Now that the energy boom is fading, a new leader is emerging: Retirement communities in Florida that are buoyed by a surge in baby boomers.

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Gulf Bay – KRE GB Pelican 1, LLC, purchases land in Pelican Bay for $80 million

May 27, 2015

NAPLES, Fla. (May 28, 2015) – A joint venture partnership formed by GBPBDEV I, Inc., a wholly owned affiliate of the Gulf Bay Group of Companies, and KRE Pelican 1 Manager, LLC, an affiliate of Kohlberg Kravis Roberts & Co. (“KKR”), a leading global investment firm, has purchased one of only two remaining developable land parcels in Pelican Bay.

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Naples Daily News – Pelican Bay parcel fetches $80M

One of the last two remaining developable land parcels in Pelican Bay has been sold for $80 million in cash, and will become a 22-story luxury high-rise called Mystique.

It will sit on four acres with unobstructed Gulf views on Grenadier Boulevard.

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THE WALL STREET JOURNAL – KKR AND GULF BAY TEAM UP TO DEVELOP PRIME SITE IN NAPLES, FLA.

May 21, 2015

Private equity giant KKR is joining forces with a Florida developer to develop luxury condominium project on a prime site in Naples, Fla.

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