SARASOTA, FLORIDA, January 31st 2017 – Residents of The Landings in South Sarasota have one good reason to be cheery in 2017. The commercial center eponymous with this West of the Trail community was acquired in an auction by Benderson Development this January and is set for immediate redevelopment.
The Landings Shopping Center was foreclosed last year after losing many of its tenants during the past six years. Those which have left this South Tamiami Trail location include Office Depot, Skybox Sports, and Radio Shack.
Nonetheless, the 29-year-old Landings commercial hub remains home to a Publix Super Market, Dollar Tree, Gecko’s and a few other tenants. It has about 30 retail spaces, with over a dozen of them vacant and which Benderson plans to start filling quickly.
Benderson hopes to accomplish in The Landings what it did for the Pelican Shopping Plaza shopping center located some five miles south, also on the Tamiami Trail. Both properties are approximately the same age and in similar condition when this prolific commercial property developer bought them.
Benderson, co-developer of the Mall at University Town Center, purchased Pelican Plaza in 2012. Its tenants now include some of the top brick-and-mortar stores in the U.S. like Ulta Beauty, Petco, Total Wine and More.
In April, Pelican Plaza will have a new addition—Sprouts Farmers Market which offers natural, organic and gluten-free food items. The vibrant business activity in the Plaza should bring an added pep to the nearby residential communities like Pelican Cove, host to some rarely available Sarasota condos for sale.
Located just off west of Pelican Plaza, the Cove is a gated community composed of 731 condominiums distributed in six neighborhoods. Expect price points starting from the upper $100s up to the $400s for its available units. These condos have living areas ranging from about 1,000 square feet up to 1,700 square feet designed with one up to three bedrooms.
Pelican Cove’s neighborhoods have varying layouts with home views as varied: flower garden, woods, a lawn expanse, water, or swimming pool. The community has three clubhouses, six swimming pools, a hot tub, four lighted tennis courts, an exercise room, and miles of scenic pathways through its beautiful botanic gardens.
For boating aficionados, the Cove provides easy access to the Intracoastal Waterway. It has a private harbor with 20-foot to 40-foot boat slips plus canoe and kayak storage.
Up north at The Landings residential community, much could be expected too from the planned redevelopment of its namesake commercial center. Benderson, with its huge portfolio of properties, has a better leverage than the shopping hub’s former owner. Moreover, it still has a couple of strong tenants and there is a potent market in the Landings community directly behind it.
The Landings, all told, has 700 residential units in its eight subdivisions. The residences here are a mix of single family homes, coach houses, carriage homes, and condominiums. The price points of Sarasota homes for sale in this community start at around the high $200s and peak at the million-dollar range for its waterfront single family homes.
The amenities of The Landings include a clubhouse, a swimming pool, a fitness center, spa and sauna, and eight Har-Tru tennis courts. Additionally, the community was meticulously developed to preserve its natural setting that effectively buffers it from busy hubs of commerce like The Landings Shopping Center.
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>>