LAKEWOOD RANCH -- Construction of The Venue, a 237-unit luxury apartment complex, has gone vertical, most noticeably with elevator towers that will serve three four-story buildings on 8.5 acres across from Lakewood Ranch Main Street.
"Assuming we have decent weather, it normally takes about 12 months to start and finish," said Gene Babb of Atlanta-based Davis Development. "Hopefully, we'll finish in the next eight to nine months."
The Venue, 8240 Lakewood Ranch Blvd., will have more of an urban feel than some of Davis' other projects, Babb said. Davis builds and manages luxury apartments in Florida, Georgia, Alabama, the Carolinas, Kansas, Texas and Oklahoma.
With Main Street and its dining and retail stores nearby, Venue residents will be able to fully experience the Lakewood Ranch motto of "live, work, play," Babb said.
"We are excited about being part of Lakewood Ranch. We just closed on another piece of property north of State Road 70," Babb said.
A name for the second Davis project to be built at Lakewood Ranch has not yet been selected, Babb said.
That 18-acre property near Pope Road, sold for $3.78 million and will be home to 270 apartments, the Herald has reported.
The Venue "will be great for Main Street," said Julia DeCastro, director of leasing and sales for Schroeder-Manatee Ranch.
Davis Development, with its sister company, Morrow Construction, has developed more than 40,000 units in the United States, according to the Davis website.
The Herald first reported in November 2012 that Davis Development had submitted preliminary site plans for The Venue to Manatee County. Weather delayed the start of construction earlier this year.
The project includes a fitness center, yoga room, billiard and business centers and a pool area.
The Venue is Davis' first venture into Manatee County and second in Florida. The first was Venue Emerald Coast in Destin.
Babb declined to disclose the cost of the project, or the range for leases on the apartments.
James A. Jones Jr., East Manatee reporter, can be contacted at 941-745-7053 or on Twitter:@jajones1.