Bradenton Real Estate Value Holds Ground amid Road Extension Debate


SARASOTA, FLORIDA, June, 3, 2013 – A $112-million project which would link Lakewood Ranch on the eastern side of Braden River with Cortez Road toward the west coast of Bradenton has drawn opposition from residents along the corridor of the planned road construction, Sarasota Bay Real Estate reported. This project, which essentially involves the extension of 44th Avenue East in Bradenton, was presented to the Manatee County commissioners this May.

A part of the county’s comprehensive 20-year plan, the project calls for the building a new four-lane road, and residents near the site are wary about the negative impact of the construction activities on the quality of life and property value in their neighborhoods. Light and noise pollution, as well as increased vehicular traffic, are some of their immediate concerns.

The county commissioners, for their part, are addressing these issues and are considering a ban on truck traffic until the extension is completed. On the positive side too, the project has already brought some convenience to motorists, as the road extension now links Lakewood Ranch Commerce Park, Central Park, and Gullet Elementary.

Buyers appear unfazed

Road Construction

The communities along the road extension include neighborhoods in the Peridia Golf & Country Club, Highland Ridge, Wallingford, and Oak Trace. At current MLS listings, Sarasota Bay Real Estate said, prices of Bradenton homes for sale in this neighborhoods appear remaining stable and the options attractive. Several available homes are, in fact, in the pending sales lists for these subdivisions, indicating that they remain popular among home buyers, the full service realty firm said.

At the Peridia golf community, there are some choices approximating the March median price of $185,000 for Bradenton homes for sale. These sales-listed residences have floor plans of about 1,500 to 1,750 square feet, designed with two to three bedrooms.

Adopting lessons from award-winning road project

The Bradenton road construction project has three phases, the first of which could begin this summer and the rest in the summer of 2014. Close to $54 million has already been spent for the 44th Avenue extension, which does not include yet purchase of rights of way and related road widening.

Environmental impact is another issue raised on the 44th Avenue extension whose components likewise include a bridge across the Braden River, traversing an environmentally sensitive area east of the waterway. A wetland, this area serves as habitat for marine life and local wildlife such as wild ducks, otters, and eagles. Notably, a permit is needed for the bridge construction, and even some county commissioners are apprehensive on the possibility that such an authorization won’t be granted.

The 44th Avenue extension in Bradenton can draw some lessons from a similar project in Honore Avenue in Sarasota County.  Sarasota Bay Real Estate noted that this project was implemented with an eye at protecting and preserving the character of its surrounding communities as well as the natural environment. With this tack, the Honore Avenue extension project was cited as Project of the Year by the American Public Works Association recently.