Tag Archives: sarasota

Apartments For Sale

Apartments For Sale

2/27/2015

IMG_6856[1] goldengate property image

All inquiries will be required to sign a confidentiality agreement.

32-units – Sarasota, FL   (Close to Airport)

18-units – Sarasota, FL   (Just North of Downtown Sarasota)

13-units – Sarasota, FL    (Located near Marina Jack’s, Downtown, Bird Key, Lido)

13-units – Ft. Myers, FL  (On the River)

11-units – Sarasota, FL   (Great location)

11-units – Rotonda West, FL   (Luxury Units – Quality Construction)

10-units – Bradenton, FL   (Great 1031 exchange opportunity)

8-units – Sarasota, FL   (Near Gillespie Park)

7-units – Sarasota, FL    (Laurel Park Area)

4-units – Sarasota, FL    (Gateway to Siesta)

Contact Sean Dreznin at sean@ian-black.com or (941) 961-8199 for more information or to request a CA.

Walmart proposed for Clark Road & Honore in Sarasota

Walmart proposed for Clark Road & Honore in Sarasota

By Justine Griffin, Herald-Tribune

The Sarasota County Development Review Committee will discuss a plan for Walmart to open a new store at Clark Road and Honore Avenue, according to the committee’s March 5 agenda.

The Walmart store, which is likely a Walmart Neighborhood Market, is proposed to open at 5401 Palmer Crossing Circle, in the former shell of a Sweetbay Supermarket. The grocery space in the shopping plaza, which also houses a Bealls department store and OfficeMax, has been vacant for years.

The neighborhood market formats are smaller than traditional Walmarts and offer food, pharmacy and beauty departments similar to other supermarket chains like Publix and Winn-Dixie.

For complete article, CLICK HERE <——

On the other side of our real estate market… Vue sales hit $85 million

rendering via Herald Tribune of the Vue and Westin

By John Hielscher , Herald-Tribune

The Kolter Group says it has placed under contract half of the condominiums in the 141-unit Vue Sarasota Bay, now under construction at Gulfstream Boulevard and U.S. 41.

That represents more than $85 million in advanced sales for the 18-story project, which is slated to open next year, the developer said.

Residences at Vue are priced from the $800,000s to penthouses at $2 million.

“To be half sold-out at this point not only demonstrates significant buyer acceptance but also underscores the tremendous pent-up demand for contemporary design in the Sarasota market,” said Bob Vail, president of The Kolter Group.

Vue is part of a $300 million project that also will include an 18-story, 255-unit Westin Hotel at the bayfront site.

Click Here <—- For John’s complete article

Zombie homes still haunt our market

Zombie homes still haunt our market

By  via Herald Tribune

They are the foreclosures that just won’t die.

Florida continues to be national leader in zombie foreclosures — homes in the foreclosure process that were vacated by their owners before the lenders took over.

The Sarasota-Manatee region ranked 21st among major metro areas in January with 1,196 zombie foreclosures, or 30 percent of all the homes currently in the process, according to real estate researcher RealtyTrac.

While that is 839 fewer “walking deads” than a year ago, it represents a higher percentage than the 25 percent zombie foreclosure rate reported in 2014.

Despite a one-third decrease over the year, Florida still reported the most zombie foreclosures with 35,903 as of last month, or 25 percent of the national total. They accounted for 26 percent of all foreclosures in the state.

Nationwide, homeowners abandoned 142,462 properties prior the bank repossessing them in the past year, representing 25 percent of all active foreclosures.

The total number of zombies declined by 6 percent over the year, but the share increased from 21 percent.

Click Here <—–  For complete article

Detwiler’s Farm Market opens in Parkway Collection center in north Sarasota

Detwiler’s Farm Market opens in Parkway Collection center in north Sarasota

BY JAMES A. JONES JR. via Bradenton.com

SARASOTA — It had been the buzz in the neighborhood for months that Detwiler’s Farm Market was coming to the Parkway Collection shopping center at Lockwood Ridge Road and University Parkway.

Thursday, the new Detwiler’s store, the family’s third and by far the largest at 29,000-square-feet, opened and was immediately jammed with smiling customers.

“I like it, it’s a lot bigger than the other Detwiler’s. You can’t find better produce. They have the best lunch meat and best vegetables,” said Doug Shippee of Bradenton.

The new Detwiler’s is located in space formerly occupied by Sweetbay supermarket. Next door, also in the former supermarket space, is a new Miller’s Dutch Haus Furniture, which opens Friday.

Whole Foods opening second store in Sarasota

Whole Foods opening second store in Sarasota

By Justine Griffin, Herald-Tribune

Whole Foods Market announced it will open a second grocery store in Sarasota this year.

The store is Sarasota is one of eight supermarkets Whole Foods is opening in the U.S. and Canada this year, executives said during the company’s first quarterearnings report today.

The Austin-based high end, organic grocery chain operates one store in the Southwest Florida region on First Street in downtown Sarasota. Casto Lifestyle Properties, a Lakewood Ranch-based commercial real estate firm, built the downtown Whole Foods Market Center/100 Central retail and condominium complex in downtown Sarasota in 2004.

Employees at the current Whole Foods store said that the new location will open on University Parkway. There is no scheduled opening date just yet.

Harbour Pointe apartments in West Bradenton, FL sell for $21 million

Harbour Pointe apartments in Bradenton, FL sell for $21 million in West Bradenton

WEST BRADENTON — A West Bradenton apartment community has sold for $21 million to a Bonita Springs company.

Harbour Pointe of Bradenton Apartments, 4501 71st St. W., sold for $21.1 million on Jan. 26, according to property records. The previous owners, Sand Bay Apartments LLC sold the 234-unit complex to Harbour Pointe Apartments LLC, managed by Walter Hagenbuckle of Bonita Springs, according to property records.

Harbour Pointe used a $14 million mortgage through Wells Fargo Bank to finance the deal, according to documents filed with the Manatee County Clerk.

Sand Bay bought the 14.7-acre property for $22 million in 2006, according to property records.

Several apartment complexes in Manatee County have sold in the last year including the former Turnbury Park at Palm Aire Apartments in University Park for $45.15 million in July and Lofton Woods for $11.2 million on 34th Street West in September.

Plymouth Harbor plans 70 new units

Plymouth Harbor plans 70 new units

by: Robin Hartill via TheObserver.com

Plymouth Harbor is planning for a growth spurt.

By early 2017, the Sarasota Bay retirement community, located at 700 John Ringling Blvd., plans to build a new 150,000-square-foot building with three stories over parking in the property’s western-most parking area that’s adjacent to the Smith Care Center.

Plymouth Harbor is still finalizing the number of units it will seek, but it is currently planning approximately 70 new residences: 30 in a memory-care unit, 30 assisted-living units and 10 independent-living units.

The estimated cost of the project is $21 million to $25 million, which will be funded through both traditional bank financing and a bond.

- See more at: http://www.yourobserver.com/news/longboat-key/Front-Page/0204201538536/Plymouth-Harbor-plans-70-new-units#sthash.SZVzSl9y.dpuf

18-story Embassy Suites coming to Sarasota

cropped-wpid-photo-may-6-2013-1215-pm3.jpg

By  via Herald Tribune

Developers have razed a small retail building on North Tamiami Trail to make way for a new 18-story hotel, capitalizing on a surge in Florida travel and a move that will restore rooms lost over the past decade.

Jebco Ventures Inc. hopes to begin the long-awaited Embassy Suites hotel by early April, with completion slated for late 2016.

The new Embassy Suites would become the third major downtown lodging property to be constructed since the economy’s prolonged slump, joining a pair of Starwood- branded hotels within Sarasota’s urban core.

The three downtown hotels would bring nearly 600 new rooms to the market during the next two years.

Some industry observers, however, predict the trio of towers now advancing will satisfy the pent-up demand that has plagued the region’s tourism industry — and possibly halt the handful of other hospitality projects that have been proposed for the area.

“Our plans for all practical purposes are complete,” Jebco CEO Jim Bridges said. “I still think the timing of this project is very good.”

Jebco Ventures has received a demolition permit for 202 and 204 N. Tamiami Trail, and a building housing a small cabinet retailer has been bulldozed. A company tied to Bridges bought the land for $3 million in 2005.

The $40 million hotel he plans to build is designed to contain 180 suites, 8,000 square feet of ballroom space, a restaurant, swimming pool and a 200-car parking garage.

Big December for Single Family Home sales in Sarasota & Manatee County, probably doesn’t herald high home prices

Big December for Single Family Home sales in Sarasota & Manatee County, probably doesn’t herald high home prices

BY MATT M. JOHNSON

Single family home sales made a big rebound in Manatee and Sarasota counties in December, snapping back from a November that was about the worst month of 2014 for the local residential real estate market.

Total existing home closings for the two counties during the last month of the year totaled 1,112, up from 910 in November. The numbers also showed an uptick from the same month in 2013, when 1,065 homes sold, according to the Multiple Listing Service. The sales performance marked the best December for the market during the past five years. It was also the hottest month of closings in 2014 for Manatee County, beating out the previous May peak with 553 homes sold.

The local trend mirrored similar market behavior statewide. Florida single family home sales jumped 26 percent month-over-month to 22,414.

Local real estate professionals attributed the slow November to several factors, including a drop in sales due to the approach of year-end holidays and what they saw as a lack of “move-in ready” properties. A surge in closings before the end of the year was expected.

“A lot of people wanted to close in December,” said Pam Ali, managing broker for the Bradenton office of Michael Saunders & Co. “A lot of people wanted to be in their homes for the holidays.”

Another sales driver was likely the county’s homestead exemption. Greg Owens, broker at the Keller Williams on the Water in Bradenton, said the Dec. 31 deadline to avoid paying the higher property taxes on non-homesteaded properties was an incentive to buy by year’s end.