Big Momma's Bicycles Lost Its Lease. That's The Real Seagate Drive Story This Year.

For 21 years, Sal Iandimarino ran beach cruisers and rental bikes out of a half-acre lot on Seagate Drive, across the street from Waterside Shops. If you've lived in Seagate long enough, you probably know Lenny Perez or Rey Chea, the two employees who kept the tune-up counter running. That lot is being torn down. Knauf-Koenig Group, a Naples construction and materials firm, bought the property in February for $2.4 million and is replacing two 1960s-era buildings with a 12,222-square-foot, three-story office designed by MHK Architecture of Naples, built over parking, for its own expanding staff.

Big Momma's isn't the first tenant to lose this particular lot. Over the decades the same half acre held Wine Grotto of Naples and a Hertz car rental counter before Seagrass Home and the bike shop moved in. Small businesses have always cycled through this address. What changed this year is what replaced them: not another retail tenant looking for cheap square footage, but an owner-occupied office building for a company that does its own site work and demolition. The lot didn't get a new shop. It got taken out of the small-business rotation entirely.

That's the pattern worth naming before you read another list of what's opening nearby. Seagate Drive runs less than a mile and a half, from the free tram stop at Clam Pass Park on the Gulf to the crosswalk at US-41 that feeds Waterside Shops. Along that short stretch this year, a bike shop lost its site to an office building, a mother-daughter café closed for good, and three well-funded national brands moved into a former bank outparcel, a two-decade-old chain restaurant's lease, and an empty department store. None of these are the same story on the surface. Together they're the same story.

The Café That Went Quiet

A few doors down from where Big Momma's is closing, Kunjani spent a decade in a small pink building on Seagate Drive. It was never just a coffee shop. The founders ran it as a nonprofit that funneled proceeds back to coffee growers in Zimbabwe, alongside a working art gallery. That location closed this year. The roasted beans are still sold online, but the storefront itself is gone.

Kunjani didn't close because the coffee stopped selling. A ten-year run with a loyal following isn't a failure by any normal measure. It closed because a nonprofit café supporting overseas farmers and a construction company building its own regional headquarters are not competing for the same lease on equal footing, even when they're two doors apart on the same street. One of them can amortize the cost of Seagate Drive frontage across a company balance sheet. The other was running on margin and mission.

Meanwhile, Across US-41

Walk the other direction on Seagate Drive and you hit Waterside Shops, where the turnover looks completely different but rhymes with everything happening a quarter mile away. Eddie V's Prime Seafood opened its doors on June 7, 2026, at 765 Seagate Drive: the first Eddie V's location anywhere in Southwest Florida, built on what used to be a bank office. The building holds 361 seats spread across a main dining hall, a speakeasy, a stage-equipped bar, and two private dining rooms.

Down the same property line, Buck & Rider is preparing to take over the space that housed Brio Tuscan Grille for nearly 20 years. Brio's parent company filed for bankruptcy last year, and the lease is winding down toward a target opening for Buck & Rider in November. It's the Scottsdale-based concept's first restaurant outside the Southwest, and the company has said it's investing heavily in the buildout. A short walk from both, construction continues on the former Nordstrom building, empty since 2020, which is becoming an RH Naples gallery with a full-service restaurant built into the design.

Put plainly: on one side of Seagate Drive, a bike shop and a nonprofit café lost their leases this year. On the other side of the same street, a national steakhouse chain, a fast-growing seafood concept expanding outside its home region for the first time, and a luxury home goods company are all opening restaurants. That's not two unrelated retail stories. That's one street getting expensive enough that only certain kinds of tenants can afford to be on it.

The One Thing On The Street That Didn't Change

If you want a fixed point to measure all of this against, walk to the north end of Seagate Drive instead. Clam Pass Park, managed by Collier County, sits at 465 Seagate Drive and hasn't changed at all this year. The free tram still runs the three-quarter-mile boardwalk through the mangroves to the beach. The Conservancy of Southwest Florida still leads its guided nature walks from December through April, departing from the tram stop each morning. Dogs still aren't allowed. Parking is still free if you carry a Collier County beach sticker and $10 if you don't.

The reason Clam Pass hasn't turned over the way the rest of the street has is simple. It's public land. Nobody is buying that half acre for $2.4 million because it isn't for sale. Every other parcel on Seagate Drive is a private lease that has to justify its own rent, and this year, the rent won.

What This Actually Means If You Live Here

None of this changes how Seagate itself feels day to day. The 90 homes on the canals are still quiet, and the private beach club is still tucked away from the crowds at Clam Pass. What's changed is the errand run. If you used to drop a bike off at Big Momma's for a tune-up on your way to the beach, that stop is gone from the rotation, and there's no announced replacement tenant for bike service on that stretch. If Kunjani was your Saturday coffee habit, that's gone too, though the beans are still available online if you want the taste without the storefront.

What's arriving in its place is a heavier concentration of national dining brands within walking distance. Eddie V's already sat down its first guests this summer, and Buck & Rider and RH's restaurant are both due before the year is out, which means a Seagate resident who wants to eat out without getting in the car is looking at three new sit-down options within a single year, none of which existed as recently as last September. That's on top of the older lineup at Venetian Village on the bay, where restaurants like MiraMare and M Waterfront Grille have anchored the waterfront for years. The neighborhood isn't losing its dining options. It's trading independent, small-footprint ones for brand-backed, high-capacity ones, on the same real estate, for the same reason the bike shop and the café couldn't stay.

That's worth knowing not because it changes anything you need to do this week, but because it explains something a lot of the newer coverage of Waterside Shops misses. The story isn't really about a mall reinventing its restaurant lineup. It's about a specific half-mile of Seagate Drive getting valuable enough that a two-decade-old Italian restaurant, a 21-year-old bike shop, and a ten-year-old nonprofit café all lost their spots in the same twelve-month stretch, while the county park at the end of the road didn't move an inch.

If you're trying to make sense of what's changing around your own address, or you're weighing whether now is the moment to buy or sell on a street like this one, Burnham Group tracks this kind of turnover neighborhood by neighborhood across Naples. Let's Connect if you want a read on what it means for your specific corner of Seagate.