Bradenton seeks development of 14th Street West property near Village of the Arts

Bradenton seeks development of 14th Street West property near Village of the Arts

Pic via TIFFANY TOMPKINS-CONDIE/Bradenton Herald

By Mark Young via Bradenton Herald

Almost a decade ago, the Bradenton Downtown Development Authority bought an old, crime-ridden motel site on 14th Street West with visions of it becoming a key gateway to downtown Bradenton and Village of the Arts.

The DDA purchased the Manatee Inns property at the high end of the real estate market in 2006 — and just before the economic crash.

Fast forward to today. The DDA is finally seeking development proposals for the 3.3-acre site at 1404 14th St. W. Hopes are for a mixed-use development consisting of retail, restaurants and residential.

DDA Executive Director Dave Gustafson points to the recent successes of Riverwalk, the Ninth Street entertainment district, the Village of the Arts and the historic Ware’s Creek neighborhood.

“You can see everything converging from all sides of 14th Street West so this property is an extremely important, key component,” Gustafson said.

The DDA this week released a request for qualifications for the property and set a June 16 deadline for conceptual development proposals.

The DDA purchased the site for $1.5 million and still owes $613,000. The property was valued at $317,000 in 2013, but rose 38 percent in 2014 to $438,500.

If you would like to submit a proposal, or have additional questions, call Sean Dreznin at Ian Black Real Estate.

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