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Work starts on Naples apartments as developer secures $45M in financing

A Cincinnati developer behind a Naples apartment complex on Vanderbilt Beach Road is taking the first step toward building the community.CIG Communities has begun the initial site work on the 20-acre property that will be called Saltgrass Reserve when completed. That work includes the demolition of two existing homes on the property and the construction of a deceleration and acceleration lane to make it easier to access the community, according …
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Business Observer broke the news in on Wednesday, April 1, 2026.
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