Sarasota County Multifamily Development Site

This exceptional development opportunity is located in the rapidly expanding community of Englewood just south of River Road, which is it the main connector from Englewood to I-75. Positioned on a peninsula extending into Charlotte Harbor, Englewood serves as the only connection point to the World Famous, Boca Grande—a well-known luxury island community with a quaint and private fishing village history. Englewood has experienced significant growth over the past five years, with a 12.2% increase in population and a projected additional growth of 8.5% over the next five years. To support this rising population, new residential communities continue to emerge, including the master-planned Wellen Park (featuring Cool Today Park- Spring Training Home of the Braves), Island Lakes at Coco Bay and Palm Lake at Coco Bay by Lennar, all of which feature resort-style amenities. This site is across from an approved 20 +/- Acre multi family development site, Generation Englewood, that is set to comprise of 306 apartments and a 10,000 SF Clubhouse aiming for a 2026 completion date. Features within close proximity to the site include: HCA Florida Hospital, Manasota Key, Myakka State Forrest, and numerous waterfront parks.We are pleased to present this exceptional 7.5 +/- acre residential development site, located in central Englewood close to the downtown village area of Dearborn Street. Pine Street is a North-South Connector Road between Dearborn Street and South McCall Road which offer traffic counts of 16,800 and 34,500 respectively. This incredible opportunity is already zoned Residential Multifamily 2 (RMF-2) and is ideal for the development of up to 67 residential units, or up to a 270 bed Assisted Living Facility. There is potential to rezone to RMF-3 for up to 97 multifamily units, with potential to utilize Sarasota County's "Half Unit" calculation of 750 SF maximum to allow for additional units. This site is very close to all amenities in the area including Publix shopping centers on the retail corridor along Highway 776, numerous Gulf beaches and golf courses, HCA Englewood Hospital, Englewood YMCA, and Cool Today Park (Spring Training Home of the Atlanta Braves). Additionally several residential neighborhoods are coming soon to the surrounding area that include Generations Englewood- a 306 unit apartment community by Kaplan Residential, Shores at Stillwater- a 255 lot single-family subdivision by Pulte Homes, and Sandpiper Pointe- an 85 lot Single-Family Subdivision by M/I Homes.