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Southwest Florida New Construction & Proposed Multifamily Projects 4Q19
Source: Yardi Matrix1 mi
Lease-Up Under Construction Planned ProspectiveLEGEND
Terra CeiaTerra CeiaAquaticAquaticPreservePreserve
DeSoto NationalDeSoto NationalMemorial ParkMemorial Park
Sarasota BaySarasota BayEstuarineEstuarineSystemSystem
Outstanding..Outstanding..
Long Boat KeyLong Boat Key
The John and MableThe John and MableRingling Museum of ArtRingling Museum of Art
ID PROPERTY UNITS1 Adley Lakewood Ranch Waterside,The 860
2 Magnolia Estates 247
4 Aria Bradenton 302
5 Terraces at Peridia, The 61
10 Residences at the Green 300
Total Lease Up 1,770
18 Solaire 233
19 Harrison Residences, The 240
20 Alloro at University Groves, The 183
22 Preserve at Riverwalk Phase II 50
24 Blue Heron Creek Phase II 192
Total Under Construction 898
27 Canoe Creek 140
28 Ellenton mixed-use 1,200
29 Parrish Lakes 600
30 Springs At Ellenton 348
31 Vorbeck at Moccasin 720
32 14th Street Mixed-Use 200
33 Shoreview 216
34 Village of the Arts 100
35 Aqua by the Bay 2,894
36 Sandpiper Apartments 92
37 Heritage Harbour 380
38 Oasis at Lakewood Ranch 254
39 Park 30 216
Total Planned 7,360
62 301 Oxford 168
63 Floridian at Moccasin, The 300
64 Parrish Lakes Phase II 500
65 Robinson Gateway 542
66 Lake Flores 6,500
67 Blue Heron Creek Phase III 100
68 River Club Park Lot 3 142
69 Cattlemen & DeSoto 1,750
94 Ellenton Landings 136
Total Prospective 10,138
Southwest Florida New Construction & Proposed Multifamily Projects 4Q19
ID PROPERTY UNITS12 Floridian Club of Sarasota, The 309
14 Bold Lofts 97
15 Ridgelake 329
Total Lease Up 735
21 Venice Isles 324
23 Bergamot on 780, The 98
25 Shopping Avenue 222
Total Under Construction 644
40 200 South Orange Avenue 160
41 Quay, The 241
42 Siesta Promenade 414
43 Southwood Village 354
44 Keystone Road 347
45 Flats at Sundown 224
46 Palm Port 126
47 West Port 300
60 Lofts on Lemon 13061 Bath & Racquet Club 180
Total Planned 2,476
70 Cattlemen Ranch 60
71 731 Cattlemen Road 288
72 Beneva Road 10073 North Tamiami Trail 240
74 Clark Road & Honore Avenue 257
75 Grand Lakes 1,097
76 Ranch Road Residential Development 1,000
77 Reserve at Venice, The 276
78 Tuckers Point 1689
Total Prospective 5,007 Source: Yardi Matrix2 mi
Lease-Up Under Construction Planned ProspectiveLEGEND
Southwest Florida New Construction & Proposed Multifamily Projects 4Q19
ID PROPERTY UNITS7 Decorum 435
9 Vistas at Eastwood, The 356
11 Grand Central 280
13 Portofino Cove Phase II 206
Total Lease Up 1,277
16 West End at City Walk 318
17 Parkside Estero 198
26 Ben C. Pratt Six Mile Cypress 225
Total Under Construction 741
48 Cape Coral 330
49 Four Corners 238
50 Madison Square 74
51 CenterPlace 1,800
52 Murano at Three Oaks 318
53 Portofino Vineyard 312
54 Edera at Coconut Point 18055 Estero Crossing 350
Total Planned 3,602
79 Paradise Isles 800
80 McGregor Blvd and Altamont Avenue 100
81 Seaboard Waterside 204
82 Seaboard Waterside Phase II 216
83 Veronica S. Shoemaker 480
84 6 Mile Cypress Pkwy & Challenger Blvd 384
85 Colonial at Metro 775
86 Colonial Gardens Phase I & II 168
87 Coconut Crossings 631
88 Downtown Estero 266
Total Prospective 4,024 Source: Yardi Matrix1 mi
Lease-Up Under Construction Planned ProspectiveLEGEND
San CarlosSan CarlosBay - BuncheBay - Bunche
Beach PreserveBeach Preserve
Estero BayEstero BayAquaticAquaticPreservePreserve
San CarlosSan CarlosIslandIsland
Estero IslandEstero Island
Sanibel LighthouseSanibel Lighthouse
Southwest Florida New Construction & Proposed Multifamily Projects 4Q19
ID PROPERTY UNITS3 Mosaic @ Oak Creek 273
6 Crest at Bonita Springs, The 264
8 Springs at Hammock Cove 340
Total Lease Up 877
56 Pine Ridge Commons 325
57 Naples Beach Hotel Redevelopment 195
58 Trio 377
59 Crest at Naples, The 200
Total Planned 1,097
89 Allura 304
90 Immokalee Square 100
91 Pelican Nursery Redevelopment 400
92 Briarwood 320
93 Legacy Naples 304
Total Prospective 1,428 Source: Yardi Matrix1 mi
Lease-Up Under Construction Planned ProspectiveLEGEND
Wiggins PassWiggins PassEstuarineEstuarineArea andArea and
Cocohatchee...Cocohatchee...
Delnor-WigginsDelnor-WigginsPass State ParkPass State Park
Calm Pass ParkCalm Pass Park
Naples Zoo atNaples Zoo atCaribean GardensCaribean Gardens
Lowdermilk ParkLowdermilk Park
Naples BeachNaples Beach
KeewaydinKeewaydin
Southwest Florida New Construction and Proposed Multifamily Projects
Source: Yardi Matrix
ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE
FORECASTED COMPLETION DATE
START OFRENT-UP
1 Adley Lakewood Ranch Waterside, The 2401 Lakewood Ranch Blvd North Sarasota FL 34240 Lease-Up 860 Outlying Sarasota County 01/21/2019 12/31/2020 06/10/2019
2 Magnolia Estates 6437 Brook Village Cove Bradenton FL 34202 Lease-Up 247 Bradenton - East 01/31/2019 06/30/2020 06/03/2019
3 Mosaic @ Oak Creek 10655 Founders Way Bonita Springs FL 34135 Lease-Up 273 Bonita Springs 08/28/2018 05/31/2020 08/05/2019
4 Aria Bradenton 102 Manatee Avenue West Bradenton FL 34205 Lease-Up 302 Bradenton - Central 03/18/2019 05/31/2020 07/01/2019
5 Terraces at Peridia, The 5150 Peridia Blvd East Bradenton FL 34203 Lease-Up 61 Bradenton - East 06/11/2018 04/30/2020 06/03/2019
6 Crest at Bonita Springs, The 28000 Crest Preserve Circle Bonita Springs FL 34135 Lease-Up 264 Bonita Springs 02/28/2019 03/31/2020 09/02/2019
7 Decorum 9851 6 Mile Cypress Pkwy Fort Myers FL 33966 Lease-Up 435 Fort Myers - South 05/07/2018 03/31/2020 06/03/2019
8 Springs at Hammock Cove 4360 Petal Drive Naples FL 34112 Lease-Up 340 Naples - Central 05/02/2018 03/31/2020 01/01/2019
9 Vistas at Eastwood, The 4985 Eastwood Greens Street Fort Myers FL 33905 Lease-Up 356 Fort Myers - Central 08/01/2018 02/29/2020 09/12/2019
10 Residences at the Green 11645 Monument Drive Bradenton FL 34211 Lease-Up 300 Bradenton - East 11/15/2018 02/29/2020 07/01/2019
11 Grand Central 4910 Silver Gate Lane Fort Myers FL 33907 Lease-Up 280 Fort Myers - West 06/01/2018 02/29/2020 05/01/2019
12 Floridian Club of Sarasota, The 19600 Floridian Club Drive Venice FL 34292 Lease-Up 309 Venice 03/05/2018 02/29/2020 03/18/2019
13 Portofino Cove Phase II 4180 Umbria Lane Fort Myers FL 33916 Lease-Up 206 Fort Myers - Central 04/17/2018 01/31/2020 02/21/2019
14 Bold Lofts 1659 2nd Street Sarasota FL 34236 Lease-Up 97 Sarasota - Central 03/08/2017 01/31/2020 06/01/2018
15 Ridgelake 5671 Mauna Loa Blvd Sarasota FL 34240 Lease-Up 329 Outlying Sarasota County 01/01/2018 01/31/2020 05/25/2018
Total Lease-Up 4,65916 West End at City Walk 2250 McGregor Blvd Fort Myers FL 33901 Under Construction 318 Fort Myers - Central 01/15/2020 02/28/2021
17 Parkside Estero Estero Pkwy & US Highway 41 Estero FL 33928 Under Construction 198 Estero 02/04/2019 02/28/2021
18 Solaire 5380 DeSoto Road Sarasota FL 34235 Under Construction 233 Sarasota - North 06/20/2019 12/31/2020
19 Harrison Residences, The 2575 University Pkwy Sarasota FL 34243 Under Construction 240 Sarasota - University 08/26/2019 11/30/2020
20 Alloro at University Groves, The 3560 Broadway Avenue Sarasota FL 34243 Under Construction 183 Sarasota - University 09/02/2019 09/30/2020
21 Venice Isles 2600 Executive Drive Venice FL 34292 Under Construction 324 Venice 06/03/2019 07/31/2020
22 Preserve at Riverwalk Phase II 360 11th Street East Bradenton FL 34208 Under Construction 50 Bradenton - Central 06/03/2019 06/30/2020
23 Bergamot on 780, The 4811 Fruitville Road Sarasota FL 34232 Under Construction 98 Sarasota - Central 06/20/2019 06/30/2020
24 Blue Heron Creek Phase II 420 Salt Meadow Circle Bradenton FL 34208 Under Construction 192 Bradenton - East 09/28/2018 04/30/2020
25 Shopping Avenue 170 Shopping Avenue Sarasota FL 34237 Under Construction 222 Sarasota - Central 04/01/2019 04/30/2020
26 Ben C. Pratt Six Mile Cypress 12770 6 Mile Cypress Pkwy Fort Myers FL 33966 Under Construction 225 Fort Myers - South 03/03/2019 04/30/2020
Total Under Construction 2,28327 Canoe Creek 14355 Golf Course Road Parrish FL 34219 Planned 140 Palmetto - Parrish
28 Ellenton mixed-use 29th Street East & Ellenton Gillette Road Ellenton FL 34221 Planned 1,200 Palmetto - Parrish
Southwest Florida New Construction and Proposed Multifamily Projects
Source: Yardi Matrix
ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE
FORECASTED COMPLETION DATE
START OFRENT-UP
29 Parrish Lakes SWC Moccasin Wallow Road & US Route 301 Parrish FL 34219 Planned 600 Palmetto - Parrish
30 Springs At Ellenton 5525 29th Street East Ellenton FL 34222 Planned 348 Palmetto - Parrish
31 Vorbeck at Moccasin 4105 Moccasin Wallow Road Palmetto FL 34221 Planned 720 Palmetto - Parrish
32 14th Street Mixed-Use 1400 14th Street West Bradenton FL 34221 Planned 200 Bradenton - Central
33 Shoreview 10th Street East & Manatee Avenue East Bradenton FL 34208 Planned 216 Bradenton - Central
34 Village of the Arts 1051 Manatee Avenue West Bradenton FL 34205 Planned 100 Bradenton - Central
35 Aqua by the Bay 5855 El Conquistador Pkwy Bradenton FL 34210 Planned 2,894 Bradenton - South
36 Sandpiper Apartments 4605 26th Street West Bradenton FL 34207 Planned 92 Bradenton - South
37 Heritage Harbour 112 Upper Manatee River Road NE Bradenton FL 34212 Planned 380 Bradenton - East
38 Oasis at Lakewood Ranch 59th Avenue East & Lorraine Road Lakewood Ranch FL 34202 Planned 254 Bradenton - East
39 Park 30 33rd Street East & 55th Drive East Bradenton FL 34203 Planned 216 Bradenton - East
40 200 South Orange Avenue 200 South Orange Avenue Sarasota FL 34236 Planned 160 Sarasota - Central
41 Quay, The 333 North Tamiami Trail Sarasota FL 34236 Planned 241 Sarasota - Central
42 Siesta Promenade 6450 South Tamiami Trail Sarasota FL 34231 Planned 414 Sarasota - South
43 Southwood Village East of I-75 & Fruitville Road Sarasota FL 34237 Planned 354 Outlying Sarasota County
44 Keystone Road South Keystone Road & East Venice Avenue Venice FL 34292 Planned 347 Venice
45 Flats at Sundown SEC West Price Blvd & South Toledo Blade Blvd North Port FL 34288 Planned 224 North Port
46 Palm Port West Price Boulevard & Citizens Pkwy North Port FL 34287 Planned 126 North Port
47 West Port Collingswood Blvd & Toledo Blade Blvd Port Charlotte FL 33948 Planned 300 Port Charlotte
48 Cape Coral 3514 Chiquita Blvd South Cape Coral FL 33914 Planned 330 Cape Coral
49 Four Corners Agualinda Blvd & Beach Pkwy Cape Coral FL 33914 Planned 238 Cape Coral
50 Madison Square 817 Miramar Street Cape Coral FL 33904 Planned 74 Cape Coral
51 CenterPlace Alico Road & Ben Hill Griffin Pkwy Fort Myers FL 33913 Planned 1,800 Fort Myers - South
52 Murano at Three Oaks Alico Road & Three Oaks Pkwy Fort Myers FL 33912 Planned 318 Fort Myers - South
53 Portofino Vineyard Pine Chase Road & Three Oaks Pkwy Fort Myers FL 33967 Planned 312 Fort Myers - South
54 Edera at Coconut Point SEC Via Coconut Point & Williams Road Estero FL 33928 Planned 180 Estero
55 Estero Crossing Corkscrew Road & Interstate 75 Estero FL 33928 Planned 350 Estero
56 Pine Ridge Commons Goodlette-Frank Road & Pine Ridge Road North Naples FL 34108 Planned 325 North Naples
57 Naples Beach Hotel Redevelopment 851 Gulf Shore Blvd North Naples FL 34102 Planned 195 Naples - Central
58 Trio Davis Blvd & US Route 41 Naples FL 34102 Planned 377 Naples - Central
Southwest Florida New Construction and Proposed Multifamily Projects
Source: Yardi Matrix
ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE
FORECASTED COMPLETION DATE
START OFRENT-UP
59 Crest at Naples, The Southwest Blvd & Tamiami Trail East South Naples FL 34113 Planned 200 Naples - South
60 Lofts on Lemon 851 North Lemon Avenue Sarasota FL 34236 Planned 130 Sarasota - Central
61 Bath & Racquet Club 2170 Robinhood Street Sarasota FL 34231 Planned 180 Sarasota - South
Total Planned 14,53562 301 Oxford 5111 Oxford Road Parrish FL 34219 Prospective 168 Palmetto - Parrish
63 Floridian at Moccasin, The 9009 Moccasin Wallow Road Palmetto FL 34221 Prospective 300 Palmetto - Parrish
64 Parrish Lakes Phase II SWC Moccasin Wallow Road & US Route 301 Parrish FL 34219 Prospective 500 Palmetto - Parrish
65 Robinson Gateway Interstate 75 & Moccasin Wallow Road Parrish FL 34219 Prospective 542 Palmetto - Parrish
66 Lake Flores 75th Street West & Cortez Road West Bradenton FL 34209 Prospective 6,500 Bradenton - South
67 Blue Heron Creek Phase III 420 Salt Meadow Circle Bradenton FL 34208 Prospective 100 Bradenton - East
68 River Club Park Lot 3 SEC Interstate 75 & East State Road 70 Bradenton FL 34202 Prospective 142 Bradenton - East
69 Cattlemen & DeSoto SWC Cattlemen Road & DeSoto Road Sarasota FL 34243 Prospective 1,750 Sarasota - North
70 Cattlemen Ranch 2001 North Cattlemen Road Sarasota FL 34232 Prospective 60 Sarasota - North
71 731 Cattlemen Road 731 Cattlemen Road Sarasota FL 34232 Prospective 288 Sarasota - Central
72 Beneva Road 105 South Beneva Road Sarasota FL 34232 Prospective 100 Sarasota - Central
73 North Tamiami Trail Fruitville Road & North Tamiami Trail Sarasota FL 34236 Prospective 240 Sarasota - Central
74 Clark Road & Honore Avenue Honore Avenue & State Road 681 Sarasota FL 34275 Prospective 257 Sarasota - Far South
75 Grand Lakes Clark Road & Ibis Street Sarasota FL 34241 Prospective 1,097 Outlying Sarasota County
76 Ranch Road Residential Development Honore Avenue & Ranch Road Nokomis FL 34275 Prospective 1,000 Venice
77 Reserve at Venice, The 2300 Laurel Road East North Venice FL 34275 Prospective 276 Venice
78 Tuckers Point Interstate 75 & Tuckers Grade Punta Gorda FL 33955 Prospective 1,689 Punta Gorda
79 Paradise Isles Hancock Bridge Pkwy & Orange Grove Blvd Lochmoor Waterway Estates FL 33903 Prospective 800 Cape Coral
80 McGregor Blvd and Altamont Avenue Altamont Avenue & McGregor Blvd Fort Myers FL 33901 Prospective 100 Fort Myers - Central
81 Seaboard Waterside Michigan Avenue & Seaboard Street Fort Myers FL 33916 Prospective 204 Fort Myers - Central
82 Seaboard Waterside Phase II Michigan Avenue & Seaboard Street Fort Myers FL 33916 Prospective 216 Fort Myers - Central
83 Veronica S. Shoemaker 3950 Veronica S. Shoemaker Blvd Fort Myers FL 33916 Prospective 480 Fort Myers - Central
84 6 Mile Cypress Pkwy & Challenger Blvd 6 Mile Cypress Pkwy & Challenger Blvd Fort Myers FL 33966 Prospective 384 Fort Myers - South
85 Colonial at Metro 10631 Metro Pkwy Fort Myers FL 33966 Prospective 775 Fort Myers - South
86 Colonial Gardens Phase I & II Colonial Blvd & Colonial Gardens Circle Fort Myers FL 33966 Prospective 168 Fort Myers - South
87 Coconut Crossings 23281 Lyden Drive Bonita Springs FL 34134 Prospective 631 Estero
Southwest Florida New Construction and Proposed Multifamily Projects
Source: Yardi Matrix
ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE
FORECASTED COMPLETION DATE
START OFRENT-UP
88 Downtown Estero 8321 Broadway East Estero FL 33928 Prospective 266 Estero
89 Allura Livingston Road & Veterans Memorial Blvd Naples FL 34110 Prospective 304 North Naples
90 Immokalee Square Catawba Street & Immokalee Road Naples FL 34120 Prospective 100 North Naples
91 Pelican Nursery Redevelopment Collier Blvd & Immokalee Road Urban Estates FL 34119 Prospective 400 North Naples
92 Briarwood Livingston Road & Radio Road Naples FL 34104 Prospective 320 Naples - Central
93 Legacy Naples Davis Blvd & Santa Barbara Blvd South Naples FL 34112 Prospective 304 Naples - East
94 Ellenton Landings 2803 36th Avenue East Palmetto FL 34221 Prospective 136 Palmetto - Parrish
Total Prospective 20,597
TOTAL SOUTHWEST FLORIDA 42,074
© 2019 Berkadia Real Estate Advisors LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #01931050; Vincent B. Norris, CA BRE Lic. # 843890. Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx. The information and details contained within this report have been obtained from a third-party and believed to be accurate; however, Berkadia has not independently verified its accuracy. Date of survey: January 2020