Apollo, BDT & MSD Partners Provide $197M to Build Naples Luxury Condos
Kolter Urban and BH Group are developing Olana Naples Residences, a 12-residence condo project where the least expensive unit is priced at $32 million
By Brian Pascus September 10, 2026 11:25 am
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Kolter Urban and BH Group have secured $197 million in construction financing to build Olana Naples Residences, an estate-style condominium residence in Naples, Fla., along Florida’s Gulf Coast, Commercial Observer can first report.
Apollo Global Management and BDT & MSD Partners provided the debt. No broker was listed on the transaction.
Located at 1121 Gulf Shore Boulevard North in Naples — the beachside city on the western shores of Florida and self-styled “Golf Capital of the World” — Olana Naples Residences will deliver 12 estate-style condominiums spanning 10,000 square feet each. The lowest priced residence will enter the market at $32 million.
The developers plan to break ground before 2026 is out, with a timeline to complete construction by 2028.
Kolter Urban and BH Group did not respond to requests for comment.
Brian Pascus can be reached at bpascus@commercialobserver.com.
