SARASOTA, FLORIDA, July 23, 2019 – Blueprints for several real estate developments have been unveiled in Venice recently, providing potential alternatives to the prolific new home construction at the West Villages in south Sarasota County.
In March of this year, the Venice Planning Commission approved the proposed Arcata del Sol (Italian for archway to the sun) off the southern flank of East Venice Avenue between Home Park Road and Country Club Way. This project is planned for 24 single family homes in one-story or two-story courtyard designs.
Local developer Mike Miller and investor Frank Cassata are behind Arcata del Sol as well as several other planned Venice real estate developments nearby. These initiatives hope to replicate the successful market entry of Tra Ponti Villagio which Miller is likewise developing off West Tampa Avenue on Venice Island.
Miller’s MSP Development also has in the pipeline the two-phased Cassata Place only about a mile east of the Arcata del Sol on East Avenue corridor. Phase 1 of Cassata Place has been approved for 28 units of paired villas on about 5 acres adjacent to the existing community of Auburn Woods developed earlier by Miller’s company too.
Approval is still pending for Phase 2 on another 5-acre site which abuts Cassata Place’s first phase. The developer is seeking from the city of Venice a rezoning of the Phase 2 parcel to residential multifamily from its current designation of open use estate-1.
An approved plan for a luxury condominium at Fisherman’s Wharf is another project that Miller’s group is working on. This new development, called Porto Vista, is located off the Tamiami Trail on the northern approach of KMI Bridge to the city of Venice. It is planned for four buildings with five residential levels over parking for a total of 40 condo units. Each building will house 10 condos.
Porto Vista’s amenities include private enclosed garages, heated swimming pool and cabana. Boat docks would be made available for lease at the marina.
Meanwhile, some 3 miles from Porto Vista to the north, the new neighborhood of Cassata Pointe is coming in as Miller’s new market entry in Nokomis. This project is a waterfront development on 4 acres on Bayshore Road platted for just seven lots 100 feet wide and 154 feet deep for estate homes. The residences will feature floor plans measuring 3,000 square feet, with pricing ranging from the $800s up to over $2 million.
Home buyers in this community will have picks of two or three side-entry garages. Private docks will be available, and these would facilitate access to Blackburn Bay as well as Sarasota Bay to the north via the Intracoastal Waterway.
In addition to these residential projects, Miller and his partner are developing the mixed-use Cassata Square on the southeast corner of the Tamiami Trail and East Venice Avenue beside the Masonic Temple. The site, occupied by a restaurant and a parking lot, is set for a one-story bank building and a three-story, mixed-use building. The latter will house 6,000-square-foot retail space on its ground floor and six condo units and a swimming pool on the upper floors.
SARASOTA, FLORIDA, October 7, 2019 – Property values of communities in the Sarasota-Manatee region now face lesser threat from neighborhood eyesores brought about by abandoned, foreclosed homes. Known in the real estate trade as zombie foreclosures, these properties have shrunk significantly in the region. According to an August report of ATTOM Data Solutions, abandoned […] more>>