New Platforms for Venice Real Estate Market Growth


SARASOTA, FLORIDA, May, 17, 2013 – Enhanced values of properties can be expected around the intersection of Laurel Road and Pinebrook Road in Venice, Sarasota Bay Real Estate reports. On the southwest corner of this junction close to a new interchange of Interstate 75, fast shaping up is the Plaza Venezia, a shopping center anchored on a Publix Supermarket.  Additionally, the 19-mile north–south connector road of Honore Avenue from Sarasota County is scheduled to punch through this Pinebrook area by 2014.

Michael Collard Properties of Winter Park, Florida, is the developer of the Plaza Venezia. The shopping center is programmed for 68,400 square feet, with 45,600 square feet allocated for the Publix Supermarket. Some of the features of the complex include a drive-through pharmacy, an innovation in the locality. Other retail outlets, six of which are outparcels, will also locate at the shopping hub, in addition to a sandwich shop, a Japanese-fusion restaurant, and a nail salon joining the center’s commercial tenants.

Expected traffic flow to open potentials

The extension of Honore Avenue is a magnet to development in the underserved Plaza Venezia area where households within a five-mile radius number close to 32,000, as per a 2010 count. The median family income in the shopping center’s surrounding communities, at over $70,000, exceeds national averages.

Plaza Venezia

With Pinebrook Road soon becoming a principal north–south thoroughfare linking Venice and Sarasota, it will have a signalized intersection south of Laurel Road, a feature that will funnel traffic into the Plaza Venezia. This traffic flow will also be beneficial to a medical campus which the Sarasota Memorial Hospital is planning to build at the southeast corner of the Pinebrook–Laurel Road junction. The planning commission of Venice already approved the construction of the 65-acre medical campus. However, the Venice Regional Medical Center, apparently wary of competition, filed a zoning appeal which the city council is yet to decide on.

Communities of varying lifestyles

The neighborhoods around the Plaza Venezia area cater to several lifestyles as well as offer Venice homes for sale at varying price levels. A short distance north is King’s Gate, a 55-plus community where typically, there are sales-listed residences in the low $100s. At another nearby neighborhood, Terra Coves Condominiums, some rare listings can have asking prices under the $100s.

The price range rises at the Sorrento Woods, a deed-restricted community composed of about 200 homes at the south side of Laurel Road in this Nokomis area. The first residences in this community, noted for private wooded lots, were constructed in 1984. Located on Shakett Creek, Sorrento has a private park and boat dock. The community is also only a mile away from the entrance to the 12-mile Legacy Trail, a haven for bikers and joggers which extends from Sarasota to Venice, passing along waterways and rest areas with restrooms and benches. Also as easily accessible from here are the Venetian Waterway Park Trail, the Myakka State Park, and the Nokomis beach.

A recent listing among Sorrento Woods homes for sale with three bedrooms and two baths in its floor area of 2,400-plus square feet has an asking price in the mid-$300s. Moving toward the top of the sales-listed residences in the community, the options typically range from the high $400s up to the $900s, featuring floor plans upwards of 2,500 square feet.