SARASOTA, FLORIDA, January 2nd, 2017 – Major infrastructure projects brewing on the southern end of Rye Road would soon bring positive vibes on Manatee homes for sale in the new community of River Reach in Parrish.
The Florida Department of Transportation (FDOT) conducted public meetings recently on its plans to either build a modern roundabout or signalized intersection at Rye Road and State Road 64 about 3 miles south of River Reach. Completion of either alternative is pivotal to another project—the northward extension of White Eagle Blvd. to link up with Rye Road.
Schroeder Manatee Ranch (SMR), the master developer of Lakewood Ranch homes for sale, is already undertaking this road extension which is planned to breach State Road 64 near the neighborhood of Serenity Creek. SMR will only proceed with the this project’s completion once the FDOT has finalized whether it will pursue a roundabout or signalized intersection at Rye Road and State Road 64.
It is estimated that the roundabout, which FDOT officials prefer, would cost $5 million, while the signalized intersection’s cost estimate was put at $1.5 million. With a roundabout, the state agency hopes to slow down traffic and make driving safer in the area. Related to this, the Manatee Commission in May this year reduced the speed limit between State Road 64 and Country Road 675.
Funding for the FDOT Rye Road project will be sourced from revenue collections of the Sunshine Skyway Bridge. The project’s final design phase is set for 2016‒2018, with land acquisition of right-of- way scheduled 2017. Start of construction is scheduled in 2018 with completion expected in 18 months, weather permitting.
Completion of the White Eagle Boulevard’s northwards extension to Rye Road would provide another north‒south route between State Roads 64 and 70. Communities off Rye Road on the north would then have a shorter alternative access to the Lakewood Ranch (LWR) area and its many life and leisure offerings.
River’s Reach, which is located west of North Rye Road, is a project of LWR-based Neal Communities. This development entices prospective buyers of Parrish homes for sale with its refreshing location near the Manatee River.
Neal has 12 floor plan options to choose from in this community. It has two choices newly listed in the MLS of Manatee homes for sale at asking prices in the low $400s. One is a move-in ready, three bedroom home built in 2015 with a floor area of 2,554 square feet. The other is up for completion in 2016, featuring five bedrooms and four baths within a floor area of 3,237 square feet.
A gated neighborhood, River’s Reach boasts of a community area with a resort-style pool and spa, fitness center and children’s playground. Other neighborhood amenities include an outdoor entertainment area with seating and gas grill, sand volleyball court, canoe and kayak livery. Nearly half of River’s Reach is dedicated open space and preserve area, an endearing feature balanced with the local mobility provided by Rye Road and the forthcoming public works enhancements south of it.
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>>