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The Westin Verasa Napa Residences and Karina Bay Resort & Marina

Westin Verasa Napa Residences


Karina Bay Resort & Marina
WHAT A wine country condominium-hotel.
WHERE Napa, Calif.
AMENITIES A well-known restaurant and a swimming pool, among others.
PRICES Residences start at around $450,000.
STATUS Planned to open this fall.
DEVELOPER Intrawest Placemaking.
CONTACT (800) 509-8090 or www.verasanapa.com.
DETAILS Wineries around the country have started adding residences in recent years, often in unexpected places like Virginia and Georgia. But it’s hard to compete with northern California’s wine country, with its prestige and sheer number of vineyards. This project, the fifth partnership between Westin Hotels & Resorts and Intrawest, the resort developer based in Vancouver, is near the center of downtown Napa. It consists of a Craftsman-style building with 180 studio, one- and two-bedroom suites sold in whole ownership. Owners will be able to place their units in a rental program to serve as hotel rooms when they are away, and they will receive a portion of the rental revenue. One of its wings will open onto the Napa River, and there will be a pool courtyard with a whirlpool. The chef Ken Frank is moving his popular La Toque restaurant there from nearby Rutherford. Concierges will be on hand to assist with reservations for wine tastings, spa visits and meals away from the development, and additional features include a fitness center and access to paths along the river. The Sacramento, Oakland and San Francisco airports are all within a fairly short drive.
Karina Bay Resort & Marina
WHAT Waterfront fractional-ownership development.
WHERE Key Largo in Florida.
AMENITIES A private beach and access to a fleet of boats, among others.
PRICES Shares of residences start at $200,000.
STATUS Scheduled to open around the beginning of next year.
DEVELOPERS Karina and Reinhard Schaupp.
CONTACT (866) 952-7462 or www.karinabay.com.
DETAILS A few years ago south Florida was at the center of the real estate boom. Developers lined up to erect beachfront towers, pushing the bounds of South Beach as far north as possible, and hotel chains swooped in to get a piece of the vacation-home action. And while the bursting of the bubble has reverberated all around, there are still new, smaller-scale projects for those looking to invest in a getaway. One such development is the Karina Bay Resort & Marina, about 50 miles south of Miami, close to where the Overseas Highway meets Key Largo. The four-acre site has long been occupied by the motel-style Gilbert’s Resort, which for the past 10 years has been owned by a German couple, Karina and Reinhard Schaupp. Now the Schaupps are remaking the resort into a fractional-ownership community. The motel building will be torn down to make room for 16 two-bedroom duplex town houses and three free-standing, two-bedroom villas. The residences, which come furnished and feature private balconies with small, infinity-style pools, are all sold in one-10th shares that will grant owners five weeks of use a year. A pool, a restaurant and a bar with live entertainment already at the resort are being renovated, and a fitness center will be added. The 38-slip deep-water marina will be open to owners with their own boats, and for others there will be 10 boats available to use. The Miami airport is about an hour’s drive away.
Breaking Ground is a weekly look at projects, planned or und

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