University Park

New rental development along University Parkway cleared first step Thursday

A rendering for the proposed The Oasis at University development. 
A rendering for the proposed The Oasis at University development. PHOTO PROVIDED

UNIVERSITY PARK -- A 324-unit resort apartment complex called The Oasis at University could be coming to the north side of University Parkway.

The project, which would be built on 25.6 acres on the north side of University Parkway between Florida Street on the east and the S.C.L. Railroad on the west and south of Broadway Avenue, cleared its first hurdle Thursday when the planning commission recommended for approval a Large Scale Map Amendment from Mixed-Use to Residential-16 dwelling units per gross acre. The plan amendment is scheduled to go before the county commission Jan. 7. A rezone and preliminary site plan for The Oasis at University project is expected to come before the commission in the spring.

Twelve residential buildings are planned to be built around a stormwater retention pond that will have fountains that will be lighted at night, according to Stephen Novacki, with Picerne Development Corp. of Florida. There will also be a trail around the pond, he added.

Other amenities in the project plans include a beach entry pool, a cabana and a clubhouse and lifestyle amenity center.

Novacki said the amenities "really make it a resort style community for our residences."

The average monthly rental rate for The Oasis at University will be between $1,250 and $1,275, Novacki said.

"We are providing great value and also at a price that we feel is appropriate for the workforce in the area," he said, adding that there is a lack of new product in the marketplace.

Sandra Miranda, who lives in the Soleil West subdivision to the north of the site, expressed some concerns to the planning commission about the project.

"I would be happy if the density was lower and two stories instead of three," Miranda said.

Miranda also suggested some fencing around the property to serve as additional separation as well. She also wanted the complex's Dumpsters placed away from her neighborhood.

As part of the project, the applicant is proposing some roadway improvements on Kentucky Street and Broadway Avenue. The total projected impact fees from the project will be $2.5 million and projected annual property taxes will be $650,000, according to Thursday's presentation.

"Our hope is that as the property owners to the east, as they develop those parcels, they will continue Broadway and extend all the way to Shade," Novacki said. "We are hoping that this project puts that connectivity in place."

Claire Aronson, Manatee County reporter, can be reached at 941-745-7024. Follow her on Twitter@Claire_Aronson.