Tag Archives: manatee

Multi-Family Complex Sold for $445,000

A Chicago couple recently purchased the four-unit multi-family complex located at 2027 Fiesta Drive, Sarasota, for $445,000.

By 941 CEO Staff 2/23/2017 at 2:32pm

A Chicago couple recently purchased the four-unit multi-family complex located at 2027 Fiesta Drive, Sarasota, for $445,000.

The property includes two single-story duplexes totaling 3,012 square feet on a .3-acre parcel.

Sean Dreznin, a sales agent with the commercial real estate firm Ian Black Real Estate, represented both the buyers, Eric and Shelley Swanson, and the seller, Beverly Meadows, in the transaction.

Dreznin focuses his real estate practice on the sale of investment and multi-family properties between St. Petersburg and Naples.

Young Sarasota Professionals weigh in on affordable housing

The program surveyed its membership and asked how much it can afford to pay to live in Sarasota.  

 Picture via Sean Dreznin
by: Jack Short Staff Writer

NEWS
SARASOTA FRIDAY, JAN. 29, 2016 22 hours ago

Sarasota Young Professionals weigh in on housing

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The program surveyed its membership and asked how much it can afford to pay to live in Sarasota.

by: Jack Short Staff Writer

About half of a group of young professionals surveyed recently are thinking of leaving Sarasota – because it doesn’t have enough affordable housing.
Young Professionals Group (YPG), a networking and advocacy organization run by the Greater Sarasota Area Chamber of Commerce, comprises approximately 450 young professionals in the Sarasota area. YPG surveyed its members about housing and, of the 100 that responded, almost half said they are considering leaving the area. 
According to Mimi Cirbusova, coordinator for YPG at the chamber, the survey is an initial step in a series of surveys on housing the group would like to produce.
“It is a good snapshot of 21 to 40 year-olds and what their housing needs are,” she said.
More than half of the respondents, 62%, said they need one- to two-bedroom apartments that cost less than $1,000 per month.
Nearly half, 46%, said they were thinking of leaving Sarasota now, and the majority of those respondents were the same people who indicated they needed housing that costs less than $1,000 per month.
“That indicates to me those are individuals who are service workers or people in entry level positions,” said Cirbusova.
Cirbusova said she believes the survey helps vindicate concerns about Sarasota’s aging population and its difficulty retaining young professionals. Data released by Sarasota County’s Planning and Development Services in September highlighted those difficulties as well.
“When members choose not to renew,” Cirbusova said, “I reach out to them and often their response is ‘I moved out of the area.’ That is something we’re concerned about.”
In upcoming surveys, the group will gather similar data about the Rosemary District, and also try to determine if there is a correlation between where people choose to live, in Sarasota, and their income.

Manatee millennials to commission: It’s too expensive to live here

Manatee millennials to commission: It’s too expensive to live here

Affordable housing top issue for young Manatee residents, workers

Wearing “I am the Manatee Millennial Movement” buttons, the majority of Manatee County’s millennial team shared where they live with the county commission at its Tuesday meeting.

Renting apartments and homes, owning homes, living outside Manatee County and living with their parents were where the county employees who comprise the county’s 36-person millennial team call home.

During the presentation, they shared that there is a lack of workforce housing in Manatee County.

“We are not looking for a handout at all,” said Simone Peterson, a member of the millennial team and a county government neighborhood services specialist. “If I make $30,000, I want to live in a safe, affordable place.”

After talking with different players in the community, including builders and developers, workforce housing, placemaking and infrastructure were the top three concerns identified by the group, according to Peterson.

Law enforcement, mall officials prepare for traffic at Mall at UTC in Sarasota, FL… ‘Lawd have mercy on folks driving that area’

Law enforcement, mall officials prepare for traffic at Mall at UTC in Sarasota, FL… ‘Lawd have mercy on folks driving that area’

BY CLAIRE ARONSON via Bradenton.com

UNIVERSITY PARK — It promises to be the biggest tourist attraction in an area that is already full of them.

Local law enforcement is working to ensure that traffic patterns around the Mall at University Town Center remain as normal as possible during the attraction’s opening next month.

The Manatee County and Sarasota County sheriff’s office, Florida Department of Transportation and Florida Highway Patrol have been meeting with the mall’s management in past months to prepare for the mall’s Oct. 16 opening, Sarasota County Sheriff’s Office Captain Ron Locke said. The mall is located at the intersection of Interstate 75 and University Parkway in Sarasota County.

“I just think the people who plan on coming there should exercise patience as we are trying to make it the safest possible environment that we can,” Locke said.

My friends ‘Kiwi’ & Chris and their ‘Lazybunz’ product featured in the Business Observer!

My friends ‘Kiwi’ & Chris and their ‘Lazybunz’ product featured in the Business Observer!

Photo by Mark Wemple.  Lazybunz

Photo by Mark Wemple. Lazybunz

‘Shoot for the Top’

By: Mark Gordon | Deputy Managing Editor

It’s tough to call Craig Rapihana lazy, given he competes in triathlons, played professional rugby in England and built a 32-employee construction business in Colorado.

It’s only his business that’s lazy.

Lazy Bunz, that is. The Sarasota-based company sells a foam-based recreational water float-seat, shaped like a saddle, that it calls a safe, simple and comfortable alternative to a life jacket. It’s hands-free, and allows a user to say upright in the water with feet floating.

“This is perfect for the boat,” says Rapihana. “We are giving people a product they love.”

That love goes deep: Sales have grown exponentially since Rapihana and his business partner, Sarasota financial adviser Chris Juall, launched the business in early 2013. Rapihana projects Lazy Bunz will surpass $500,000 in 2014 revenues. Rapihana currently works out of his car and home office, but he seeks a warehouse/office flex space in Sarasota to handle the growth.

Lazy Bunz are sold online and in several marine-themed retail stores, including 70 West Marine locations nationwide. It costs $40 for the base version, which comes Bahama Blue, Kiwi Green and Caribbean Coral. A model with a college logo of the University of Florida, Florida State or the University of Miami costs $45.

For complete article, CLICK HERE <—-==== Do it. Don’t be LAZY!!

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 Storm’s FIT Triathlon at Benderson Park – 2014 Results

Sarasota Storm’s FIT Triathlon at Benderson Park – 2014 Results

CLICK HERE <—-====== CLICK HERE <——=======

FIT Triathlon - May 4, 2014 in Sarasota, FL at Benderson Park

FIT Triathlon – May 4, 2014 in Sarasota, FL at Benderson Park

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 <—–=======

Demand for rentals soars in Southwest Florida

Demand for rentals soars in Southwest Florida

citrus meadows

By Josh Salman

The cost of residential rent in Southwest Florida is climbing at one of the fastest rates in the nation, as recession-battered borrowers pushed out of their homes through foreclosure turn to leased apartments for a place to live.

Facts
BY THE NUMBERS
Southwest Florida’s rental market soars

• Nation’s fourth highest occupancy at 96.9 percent in February
• Nation’s sixth-steepest price increase at 6.68 percent
• Average rent of 89 cents per square foot
• More estimated growth of 3 percent annually through 2017

Source: Axiometrics Inc.
From college students to young families and retirees, an influx in new demand for residential leases is now pushing rental occupancies in Sarasota and Manatee counties to well beyond those in powerhouse markets like San Francisco, Manhattan and Chicago.

Coupled with appreciating home prices for buyers, the cost of basic shelter in Southwest Florida is now outpacing wage adjustments for the first time since the housing slump took hold six years ago.

“Anything I have that’s rentable is rented,” said Harvey Vengroff, who operates 1,400 workforce housing rentals in greater Sarasota. “People who work at the mall or in a labor job can’t afford the rents that are out there. That’s the market we’re moving into.”

Sarasota-Bradenton-Venice showed the fourth highest rental demand of all metropolitan statistical areas in the nation, boasting an average occupancy of 96.9 percent during February, according to the apartment data provider Axiometrics Inc.

Only Naples, Nassau, N.Y., and Edison, N.J., had better rental occupancy rates last month.

For complete article, CLICK HERE <——-==============

Herald Tribune Business Weekly Press Release

Herald Tribune Business Weekly Press Release

NAI Manasota - Sean Dreznin

NAI Manasota, based in Lakewood Ranch, has added hired two commercial real estate specialists, Sean Dreznin and Richard Sellers….

Dreznin is a commercial property management professional who owned and operated a professional services management company for several years. He will work with NAI’s Commercial Investment Sales & Special Asset Services group.

Click here for full article <——