SARASOTA, FLORIDA, June 27, 2018 – North Manatee looms onwards this year as a prime source of real estate market excitement, both in the residential and commercial sectors, with a large warehouse and light-industrial park rising in Ellenton. The park spreads on 132-acre site at the northwest quadrant of the intersection of U.S. 301 and Interstate 75, around which new homes for sale in Ellenton have been launched in several communities.
More of a business park than an industrial park in its design and amenities, this facility is named Florida International Trade Port and is rising under the banner of Benderson Development. This business park is notably just across the grounds of the Ellenton Premium Outlets, certainly a highly desirable and visible location.
Before the end of 2018, the park’s first building is expected to be completed and provide 123,816 square feet of space. It is already fully leased to four yet unidentified tenants. Another building of the same square footage is likewise already under construction. The prime target market for this park are retail distributors.
All told, the park is planned to have 2 million square feet of space and provide a number of components unique from a standard industrial park. Its buildings, for instance, provide tenants with flex-space and allow production and warehousing under one roof.
Besides its attractively designed buildings with 32-foot ceilings, the features of Benderson’s Florida International Trade Port include an exquisite campus landscaping of ponds and greeneries plus the superior maintenance trademark to Benderson properties. A state-of-the-art firefighting and protection system, as well as generous space for truck movement, are likewise among the come-ons of this business park.
Industry observers foresee significant economic ripple effects from the establishment of the Florida International Trade Port, especially with its location off Interstate 75. Future employees of this park’s tenants could commute from a wide area that could span from Tampa to North Port. The park’s new workforce and their needs, in addition, bring a multiplier effect to the local economy. This would include the supply of housing for which there are plenty of nearby choices, ranging from newly built homes to existing, resale Ellenton residences.
At the Oakley subdivision just north of Ellenton Premium Outlets, there were two new sales listings this June, their sellers perhaps sharply aware of the demand for local housing that the new business park nearby could create. Built in 2001 and priced in the low $300s, this newly available pair features floor areas in the 2,000‒2,400-square-foot range in three- and four-bedroom layouts.
Signs of a rising market activity is likewise apparent at the Riverview Subdivision just off U.S. 301 south of the Benderson business park. Also this June, a three-bedroom, 2,080-square-foot Key West-style residence built in 1995 and priced around the mid-$200s landed a contract after only four days of its listing on the market.
Potential buying interest could likewise be expected at the new-home community of Willow Walk on Mendoza Road a short distance north of the Florida International Trade Port. The pricing of new residences in this community starts from the low $200s for builds with three bedrooms and two baths within floor plans of around 1,500 square feet.
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>>