Downtown Bradenton may soon feature a new mixed-use high-rise with condo and rental units, retail, restaurants and hotels on the Manatee River waterfront.
Officials are considering the sale of the downtown Bradenton City Hall property and last week discussed proposals from five developers hoping to buy the 3.9-acre site.
The proposals outline major high-rise projects that officials envision as the centerpiece of future downtown redevelopment.
In case you missed it:Sale of Bradenton’s waterfront City Hall property could catalyze downtown redevelopment
Previously:Bradenton announces sale of City Hall property and asks for more than $10.46 million
L&L Development offers The Vias in Bradenton
L&L Development Group and NDC Construction Co. have offered $14.1 million for the property and have proposed a mixed-use development known as The Vias in Bradenton that could rise up to 20 stories .
The proposal includes a Marriot AC hotel with 130 rooms, 25.00 square feet of retail space, 100 condominiums, 350 rental apartments and a parking garage.
The L&L Development Group is led by Palm Beach-based developer David Levinson. The company has developed or acquired over 10 million square feet of commercial and residential space since 2000. The company has previously worked on massive projects like TSX Broadway in Times Square and Wynwood Plaza in Miami.
One of the company’s partners, Jim Zboril, was president of Tavistock Development Co. for more than two decades and oversaw the development of Lake Nona, a 13,000-acre planned community near Orlando.
NDC Construction Company is led by Bradenton-based NDC Construction Co. and has completed more than 275 projects throughout the Tampa Bay area. It is headed by company president and local businessman Ron Allen.
Kaleta makes a big offer
Anna Maria-based 941 Prime Development LLC has offered at least $10.46 million for the City Hall property, although well-known local businessman Shawn T. Kaleta has offered to top the highest bidder of $1 million.
It proposed the development of 375,000 square feet of hotel space, 375,000 square feet of condominiums, 125,000 square feet of office space, and 125,000 square feet of retail or restaurant space.
Kaleta manages more than 1,600 rental properties and approximately $4.5 billion in assets which also include hotels, such as the Bali Hai and Anna Maria Beach Resort, and management companies.
Opulence Realty Group SRQ offers mixed-use development
The Opulence Realty Group SRQ LLC has offered $13.5 million for the city’s downtown property.
The company has proposed a project over six stories and including commercial space on the lower floors, with condos, apartments and hotels on the upper floors.
The company was recently formed but has a team of leading real estate developers in Manatee County, including Linda Svenson, who is behind the 200-acre Riviera Dunes Resorts project, and is led by real estate broker Sabrina Payton Turner.
Silver Hills proposes an eight-story building
The Silver Hills Company and Edwards Communities Development Co. submitted an $11.6 million bid for the property. The companies have partnered on more than 10 major apartment projects, primarily in Florida, Louisiana, Virginia and Kentucky.
They are proposing an eight-story mixed-use project that features approximately 350 apartments and a facade that features European and New Orleans-style architecture.
Red Apple Real Estate makes an offer
Red Apple Real Estate Inc. offered $12.75 million for the property and proposed construction of a 240-unit residential building with ground-level retail and a parking garage.
The company owns, manages and develops properties nationwide and is currently developing the residences at 400 Central in downtown St. Petersburg, which is expected to be the tallest residential building on Florida’s west coast, according to the company. He also undertook projects like 1 & 2 Ocean Drive, The Eagle and The Margo in Brooklyn.