Creekside Apartments coming to Lakewood Ranch

jbartolone@bradenton.comAugust 29, 2013 

LAKEWOOD RANCH -- More apartments are coming to the Ranch.

Winter Park-based P.A.C. Land Development, which built Lost Creek Apartments off Lakewood Ranch Boulevard in 2011, is adding a 256-unit complex called Creekside Apartments next door.

The developer just closed a deal on 17 acres this week, according to Brian Kennelly, president of Lakewood Ranch Commercial Realty.

"You'll probably see construction in the next 60 to 90 days," Kennelly said.

The four-story apartments will be located immediately south of Lost Creek across from Manatee Technical Institute's East Campus.

Plans approved by Manatee County earlier this summer call for a pool, dog park, dog wash, car wash and some detached garages, said Miles Gentry of Manatee Building and Development Services.

There will also be a beach volleyball court as part of the property's acre of open space. The community will be gated.

Construction is slated to begin in June and continue into 2015, plans show.

P.A.C. Land Development's first apartment project in the area was a success.

The 272 units at Lost Creek were all leased within six months of opening. The 24-acre property at 11140 Lost Creek Terrace was then sold to Inland Real Estate Group of Companies Inc. last year for nearly $40 million, the Herald has reported.

Representatives from P.A.C. Land Development could not immediately be reached for comment Wednesday.

Creekside will be Lakewood Ranch's fourth apartment complex.

It joins The Venue, which is now under construction across from Main Street and adjacent to Lakewood Ranch Medical Center. Atlanta-based Davis Development is building the 237-unit luxury apartment complex, which will include a fitness center, yoga room, billiard and business centers and a pool area.

The Colonial Grand apartments on Natures Way were the first apartments to open in Lakewood Ranch.

Kennelly said a desire to live near the area's shopping centers and other amenities, as well as a need for work force housing associated with the new University Town Center mall under construction, is driving the need for more apartments in Lakewood Ranch.

"I think there is a substantial need and a pent-up demand for well-amenitized rental units," Kennelly said.

Jason Bartolone, East Manatee editor, can be reached at 941-745-7011. Follow him on twitter@JasonBartolone.

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