Tag Archives: lakewood ranch

Ian Black Real Estate named exclusive property manager for Centauri Insurance headquarters in Lakewood Ranch

centauri1

Rendering via Fawley/Bryant

The 30,000-square-foot property is expected to be completed this summer

SARASOTA, Fla. (May 15, 2017) – Ian Black Real Estate has been named the exclusive property manager for the Centauri Insurance headquarters, currently under construction on the southwest corner of Lakewood Ranch Blvd. and Communications Parkway in the Lakewood Ranch Corporate Park. The 30,000-square-foot property will serve as the corporate headquarters for Centauri Insurance and will have an additional 11,000 square feet available for lease.

 

The three-story modern facility, which sits on a 5-acre parcel of land with sweeping lake views and outdoor plazas on each floor, is expected to be completed this summer and will welcome tenants in late July. Cheri O’Neil with Savills Studley will handle the leasing of the property.

 

“We are very excited to be joining forces with Ian Black Real Estate,” said J. Mark Jones, chief financial officer of Centauri Insurance. “We believe their longstanding presence in Sarasota County and Lakewood Ranch in particular, as well as their impressive resume of similar caliber properties best aligned with our vision for our new property and the level of service we envision for Centauri and its prospective tenants.”

 

Ian Black Real Estate currently manages over 800,000 square feet of commercial real estate space in the greater Sarasota area. The firm recently added the former Sarasota Herald-Tribune building in downtown Sarasota to its growing property management portfolio.

CLICK HERE <—- for complete article

CLICK HERE <—-for Management services

Major League Football investor breaches contract, pulls $20M away from Lakewood Ranch-based league

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BY MATT M. JOHNSON via Bradenton Herald

LAKEWOOD RANCH — Just days away from starting its free-agent player draft, Major League Football has disclosed that an investor pulled out of a contract that was supposed to bring $20 million to the fledgling league.

On Feb. 5, the Lakewood Ranch-based league filed a Form 8K/A with the Securities and Exchange Commission that details what league officials call a “breach” of the contract.

Frank Murtha, the league’s senior executive vice president, said the expected investment would have given Clairemont Private Investment Group, a Texas company, shares of stock in the league as well as first right of refusal to start an expansion franchise team in Missouri City, Texas.

In a press release issued Monday, league officials said they intend to pursue “legal remedies” against Clairemont and its chairman, Robert Queen Jr. Clairemont’s investment was to be used for the league’s operating expenses and would have been the first of several “other private and institutional investors scheduled to make contributions,” Murtha said.

Commenting on the issue Monday afternoon, Murtha struck a conciliatory tone about the contract dispute. He said league officials are still trying to ink an investment contract with Clairemont.

“He wasn’t the Lone Ranger,” he said of Queen. “We’re still in some discussions with him.”

Clairemont and the eight-team league entered into an initial $15 million securities purchase agreement in September. The parties later canceled that agreement, then inked a new one in October for $20 million. Clairemont officials could not be reached for comment Monday on the issue.

The failure to complete the contract and get Clairemont’s money on time will likely push the start of training camp and league play back a couple weeks, Murtha said. MLFB had initially planned to start its league games at the beginning of April.

Major League Football is scheduled to commence its free agent player draft on Feb. 15. The league has already received about 1,400 signed contracts from potential players looking to take to the field for one of the league’s teams. A set of drafts in January brought eight so-called “franchise players” to the league, as well as hundreds of other players in a territorial draft and a national draft. Each team in the league will start the preseason with 80 players on its roster.

SEC documents show that MLFB’s expenses greatly exceed revenue. In a third-quarter 2015 filing, the league reported bringing in $24,250 of revenue for the six months ended Oct. 31.

Operating expenses far outstripped income, totaling just over $1.8 million for the six-month period, documents show. Overall, MLFB recorded a $2.75 million net loss for the period with the SEC.

Outside of the deal with Clairemont, the league reported in its most recent quarterly filing two sales of stock totaling $150,000 in November.

Another hiccup in the league’s startup took place in December, when Jerry Vainisi, the league’s expected CEO, pulled out of the last stage of finalizing his employment contract. Murtha said Vainisi will likely remain involved with the league, but he did not specify how.

The league relocated its headquarters from Delaware to Lakewood Ranch last year. The Manatee County Commission approved a $200,000-plus incentive grant for MLFB, but the league must meet certain criteria such as creating jobs to get that money.

Florida’s first Diverging Diamond Interchange coming to Sarasota

Florida’s first Diverging Diamond Interchange coming to Sarasota

By  via WFLA.com News Channel 8

SARASOTA, FL (WFLA) — Florida’s first Diverging Diamond Interchange is coming to one of the Bay area’s busiest stretches of roadway. Engineers believe the innovative design will help ease congestion and reduce crashes at I-75 and University Parkway.

The Diverging Diamond Interchange eliminates a left turn movement onto an interstate entrance ramp.  Drivers will travel on University Parkway through a cross over onto the left side of the road.  They can then turn left onto the ramp without stopping.  If they are not getting on the interstate, they will continue straight and cross back over to the right hand side of the road. Watch below to see exactly how it works.

The Longboat Key Resort wants to add a second hotel

LONGBOAT KEY – In most towns, if a resort wants to add hotel rooms it can do so by acquiring the proper building and occupancy permits. 

Facts

THE VOTE

Longboat decision On May 12, the elections offices in Sarasota and Manatee counties will count the mail-in ballots they received in a Longboat Key referendum about replacing potential residential units with hotel rooms at The Resort at Longboat Key. 

For more information, Longboat voters in Sarasota County should call that elections office at (941) 861-8600 or go to sarasotavotes.com. Longboat voters in Manatee should call that elections office at (941) 861-8600 or go to votemanatee.com.

On Longboat Key, however, adding “tourism units” becomes a more complicated endeavor in which public opinion becomes the determining factor.

Ocean Properties, the owner of The Resort at Longboat Key, wants to build a second hotel with 259 guest rooms at its Islandside property on the south end of the key.

To do so, it must get the consent of the townspeople.

“In order to increase density, we have to hold a referendum,” Town Manager Dave Bullock said.

On March 12, 1984, Longboat’s electorate approved an amendment to the town charter. It states that, whatever densities (units per acre) were allowed on a property by the town’s comprehensive land use plan as of that date “shall not be increased without the referendum approval of the electors of Longboat Key.”

The Resort at Longboat Key Club consists of two areas: Islandside, a golf course community with houses, condos, a gulf-front hotel and amenities for club members; and Harbourside, a golf course community also called Bay Isles on Sarasota Bay with homes, a tennis center and other facilities for club members.


To view the entire article, click here <—LBR looking to add second hotel

Costs soar, start delayed on I-75 Diverging Diamond University Parkway exit

Did anyone see this coming? Substantially increased costs and delayed start dates?? How about assurance that Benderson Development is responsible for the majority of the cost and construction. I have no doubt the mall will be on time and budget.

Costs soar, start delayed on I-75 Diverging Diamond University Parkway exit

By Dale White via Herald Tribune

Costs for construction of a diverging diamond interchange at Interstate 75 and University Parkway has risen 20 percent above initial estimates and the estimated start of the project has been pushed back from early 2015 to August of next year.

State and local officials are under criticism for not tackling the intersection’s woes sooner.

Traffic congestion there is likely to worsen before it gets better. The Mall at University Town Center, also at the southwest corner of the interchange, is to open in October. Thousands of more homes are planned for Lakewood Ranch, which spans Manatee and Sarasota counties east of the interchange. And the reconstruction work itself, largely in the footprint of the existing interchange, will causes back-ups and delays.

Officials are counting on the project being completed before the 2017 World Rowing Championships at nearby Nathan Benderson Park.

That gives the FDOT and the contractor it selects two years to get the diverging diamond, a first in Florida, completed.

The projected $60 million tab is now up to $72 million as the Florida Department of Transportation adds costs such as additional earthwork, a 5,365-foot-long wall to muffle traffic noise along some residential areas along I-75 and other adjustments.

For more good news and the complete article, CLICK HERE <—–======

Sarasota approves Villages project – 5,500 acres south of University Parkway and east of Interstate 75, will include 5,100 residential units, 300,000 square feet of commercial space

Sarasota approves Villages project – 5,500 acres south of University Parkway and east of Interstate 75, will include 5,100 residential units, 300,000 square feet of commercial space.

by: Pam Eubanks | Managing Editor

Sarasota Sunset

Sarasota Sunset

The Sarasota County Commission unanimously approved changes Wednesday that will allow Lakewood Ranch developer Schroeder-Manatee Ranch to move forward with its Villages of Lakewood Ranch South project.
The project, slated for 5,500 acres south of University Parkway and east of Interstate 75, will include 5,100 residential units, 300,000 square feet of commercial space and a new elementary school, among other features, once completed.

SMR has pledged $7.5 million toward roadway improvements — either the extension of Iona Road from Palmer Boulevard to Fruitville Road or an overpass across I-75 from Lakewood Ranch Boulevard to Cattlemen Road – as part of the approval process.

For a complete story, see the May 30 issue of the East County Observer by clicking HERE <—-======

Overhaul of University and I-75 on pace to start this summer

Overhaul of University and I-75 on pace to start this summer

By Jeremy Wallace via Sarasota Herald Tribune

Preliminary work to fix one of the Southwest Florida’s most dysfunctional highway interchanges is on pace to start this summer, decades ahead of schedule.

Florida Department of Transportation officials said the Legislature’s proposed budget — set for adoption next week — will give them more than enough money to start the initial design and engineering work this summer on improving the Interstate 75-University Parkway interchange, a project that has quickly become one of the region’s most pressing transportation needs.

And there is still the potential that the FDOT will have enough money in its budget to begin construction on the $58 million project within the next year.

“That’s our goal,” FDOT Secretary Ananth Prasad said Wednesday.

While it might be an ambitious goal, Prasad said it is not an “insurmountable” challenge.

So far the proposed 2014-15 state budget includes only enough guaranteed money for the $244,000 preliminary design work and engineering work.

While that amount seems small compared with the overall expense, it represents a major political shift. As recently as December, no construction was foreseen by state or local officials at the busy gateway to Lakewood Ranch until after the year 2036. State lawmakers were mostly indifferent toward the project and county commissioners in both Sarasota and Manatee actively opposed the work.

For the complete article, CLICK HERE <—–=======

Suncoast Half Marathon (13.1) 2014 results

Suncoast Half Marathon (13.1) 2014 results

The race was located in Lakewood Ranch, FL

Click here <—-==== for full results when they are available.

Suncoast Property Management & Leasing — Serving Sarasota County

Suncoast Property Management & Leasing — Serving Sarasota County

Sarasota Property Management, Sales & Leasing

At Suncoast Property Management, Sales & Leasing, we are a full-service company. We assist our clients and customers in locating and purchasing investments, leasing properties on annual and monthly terms and finally, managing those properties per each clients wishes.