April 14, 2024
Developer plans greater than 500 housing models, retail in south Sarasota

A multibillion-dollar Charlotte, North Carolina, mixed-use developer and actual property investor has begun work on a pair of residential communities in south Sarasota with a forthcoming retail part.  

One is a multifamily undertaking, dubbed Render Legacy Path, whereas the opposite is a build-to-rent neighborhood referred to as Harmon Legacy Path. A groundbreaking, based on an announcement from the developer, Crescent Communities, passed off March 1. Mixed, the corporate provides within the assertion, the tasks will probably be a part of an total master-planned residential neighborhood “supporting Crescent Communities’ imaginative and prescient of bringing a mixture of new housing choices, together with market fee condo houses and build-to-rent townhomes, to the realm.” Subsequent to the Legacy Path, a 20-mile path connecting downtown Sarasota to downtown Venice, the undertaking additionally contains “six acres of forthcoming retail areas.”

“We’re thrilled to have reached this milestone for Render Legacy Path,” Crescent Communities Multifamily Managing Director of Florida Tim Graff says within the assertion. “Render affords residents thoughtfully crafted communities which are wealthy in character at a extra approachable value level. The adjoining build-to-rent single-family providing, Harmon Legacy Path, may even present residents the chance to reside in new development houses. Collectively, these communities spotlight Crescent Communities’ dedication to rising strategically in Florida and the Solar Belt.”

Render Legacy Path is a three way partnership between Crescent Communities and FCP, a Chevy Chase, Maryland privately held actual property funding firm that’s invested in or financed greater than $9.3 billion in property since its founding in 1999. At 15560 Render Approach, the 19.5-acre neighborhood will characteristic 450 multifamily residences for hire. (Render by Crescent Communities is the corporate’s suburban-market multifamily enterprise, the discharge states.)

Facilities at Render Legacy Path will embrace a centralized foyer and leasing space, self-service bundle space, 24-hour health heart and multipurpose rooms that may function coworking lounges. As well as, the corporate says Render Legacy Path will “characteristic practical design parts that may deliberately contribute to the area’s total really feel of a house, fairly than a typical condo unit.” That features entryway mudrooms with built-in storage, house workplace workspaces separate from the lounge and kitchen and enhanced closet techniques to supply added in-home group. Configurations from one to a few bedrooms will probably be out there.

Developer plans greater than 500 housing models, retail in south Sarasota

Harmon Legacy Path will characteristic 76 build-to-rent city houses.

Courtesy rendering

Harmon Legacy Path, in the meantime, will characteristic 76 build-to-rent city houses with the choice of three- and four-bedroom flooring plans.

Crescent Communities continues to increase in Florida, with latest bulletins together with the groundbreakings of multifamily communities in Tampa and the debut of a forthcoming industrial undertaking in Bradenton. It additionally plans to ship the primary models for a pair of tasks in Orlando later this yr. Total, the corporate has $7.2 billion of residential and business investments and developments at the moment underneath development, operations and planning.