Antaramian Name Makes Its Return To Naples’ Fifth Avenue South; Adg4 Assumes Management Of Large Portfolio
July 26, 2021
Peter Carroll – Property Services DirectorNAPLES, FL. – During the 1990s, Antaramian Development Group made a name for itself by developing a series of high-profile buildings along Naples’ Fifth Avenue South, transforming the Avenue into the world-class shopping and dining district that it is today.
Now, decades later, the Antaramian name is making a return to Fifth Avenue South. ADG4, a firm founded by four well-known real estate and development professionals with ties to the original Antaramian Development Group, has assumed management over a large portfolio of buildings, totaling nearly 60,000 square feet in the downtown area.
The collection of buildings was assembled over the years by the Meftah family and includes the Landmark Building at 300 Fifth Ave. S.; Belair Building at 340 Fifth Ave. S.; Commerce Building at 350 Fifth Ave. S.; and Terrazza Building at 494 Fifth Ave. S. The portfolio also includes the Anchor Building at Eight Street and 12th Avenue South.
“We are delighted to once again be involved in the evolution of Fifth Avenue South and downtown Naples,” said Peter Carroll, Property Services Director for ADG4. “Most of these buildings are highly leased and generally full. In our role as the management firm, ADG4 will be responsible for property management, leasing and asset management.”
Founded in 2019, ADG4 provides an array of residential and commercial property management and development services through a group of related entities. The partners are each devoted to providing property owners and development partners with a high level of service, leveraging their extensive experience and knowledge of the community.
The firm’s principals have more than 70 years of combined local experience. They are:
- Zahra Antaramian – Field Operations Director: Antaramian’s family created many innovative properties, helping transform the City of Naples more than perhaps any other organization. Before starting AGD4, Zahra served as a construction consultant for prominent real estate developers and managed custom home construction projects. Born and raised in Naples, Zahra attended the University of Miami. She is an avid supporter of Captains for Clean Water and is heavily involved in efforts to restore the natural flow of water to the Everglades.
- Bob Frazitta – Managing Member: Frazitta has had his fingerprints on many well-known Naples properties, including commercial buildings along Fifth Avenue South and residential estates in Old Naples and Port Royal. Bob serves as the financial and operations specialist. He has built a reputation for excellence in asset management, contractor negotiations, budgeting, financial strategic planning, operations and quality assurance. Frazitta attended Bentley University.
- Charles Thomas – Principal: Thomas has more than 40 years of real estate experience, having been responsible for the planning and entitlement of a variety of residential, commercial and mixed-use properties in Southwest Florida. His experience encompasses community master planning, site evaluation, development conceptualization, property analysis, project planning and permitting, land development code preparation, and business improvement district formation across the United States and China. He has particular expertise in the evaluation and analysis of development opportunities and solutions for challenged properties. Thomas is a graduate of the Massachusetts Institute of Technology.
- Peter Carroll – Property Services Director: Carroll has more than 20 years of real estate development experience. As project manager with Antaramian Development Group, he developed unique and often complicated projects, including residential and mixed-use condominiums in Old Naples and Marco Island. Carroll also was project manager on one of the area’s most recognizable oceanfront estates. He studied Economics at the University of Massachusetts.
The principals of ADG4 are assisted by ReNae Fliflet, Operations Manager, who brings extensive experience in the Naples residential and mixed-use real estate markets. At ADG4, Fliflet oversees project coordination efforts, including defining project scopes, monitoring project progress and assigning tasks, while delivering support to field and property directors. She is a graduate of the University of Minnesota at Mankato.
The principals’ vast knowledge of the local real estate market combined with the firm’s pro-active approach is what is attractive to property owners such as the Meftah family.
“Ownership is often unaware of all the aspects that property management entails,” said Diane Meftah. “ADG4 provides us with a boutique-like experience. They are very hands-on and go above and beyond in managing our family’s buildings, almost as if they were their own.”
For further information on the personalized, customized services provided by ADG4 Companies, call (239)330-7533 or visit the company at www.ADG4Companies.com.
