There are at least seven property developments in various stages of planning in North Manatee which are so large that their implementation calls for significant upgrades in transportation infrastructure and school district capacity.
One of these is Parrish Lakes, which by itself carries a major impact in the region, aside from significantly boosting the inventory of Manatee homes for sale. This project is planned in a 1,155- acre site south of Moccasin Wallow Road and aims to build 3,300 homes. Construction of a mixed-use residential town center and 400,000 square-feet of retail and office space are also included under its 30-year development timeframe.
Adjacent to the planned Parrish Lakes is the proposed Robinson Gateway which is geared for a more modest 542 residences. A significant part of this project is focused on commercial real estate, putting on its drawing boards 900,000 and 600,000 square feet of retail and office spaces, respectively, plus hundreds of hotel rooms and a movie theater.
Another residential development, the North River Land project hopes to start offering Manatee homes for sale by 2016 at starting prices in the low $200s. This 69-acre property, located at 2700 Fort Hamer Road, is planned not only for 156 semi-detached, single-family homes but also for 32,670 square feet of commercial space.
Notably, a new bridge across the Manatee River is being built at the southern terminus of its Fort Hamer Road location. This Fort Hamer Bridge will serve as a new connector between Parrish and the Upper Manatee Road, opening an alternative southward route to Lakewood Ranch and downtown Sarasota.
Other major North Manatee developments either proposed or already underway include: Esplanade at Artisan Lakes with 2,802 homes, The Villages of Amazon South with 1,999 homes, Dakin Family Homestead, with 1,107 units, and Summer Woods with 562 units.
County officials are diligently studying how to mobilize resources and are resetting priorities to build all the required infrastructures to support these new developments which should significantly boost the inventory of Manatee homes for sale. The proliferation of real estate projects in Parrish and East Bradenton, for instance, was pivotal to the recent go-ahead for the construction of Fort Hamer Bridge. The Manatee County Commission voted for its construction in 1909 but this planned bridge has been on mothballs for over 100 years because other projects took priority.
For the extra load on road infrastructure anticipated from Parrish Lakes alone, one of the solutions put forward was to upgrade the two-lane North River network. Among the improvements under consideration is building divided four-lane intersections for County Road 65 starting from Erie Road to U.S. 301 and a similar upgrade for Old Tampa Road from Chin Road to Fort Hamer Road.
On adding school capacity, one initiative which is being looked into is a new high school to serve Manatee. The county’s school district officials have voiced interest in the restoration of impact fees as funding source for the establishment of new schools. Overall, the Manatee School District is currently operating at 90% capacity. The district’s total student capacity is 45,304 which compares to 40,601 student enrolment in late 2015.
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>>