7
Southwest Florida New Construction & Proposed Multifamily Projects 1Q19 a Berkshire Hathaway and Jefferies Financial Group company Source: Yardi Matrix 2 mi 21 22 26 23 27 28 29 30 31 32 33 34 36 38 39 40 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 89 10 11 13 14 15 18 16 20 3 4 8 Lease-Up Under Construction Planned Prospective LEGEND ID PROPERTY UNITS 3 Oasis at Sarasota, The 324 4 Volaris Live Oak 300 8 Bold Lofts 97 Total Lease Up 721 10 Ranch Lake Phase II 247 11 Adley Lakewood Ranch Waterside, The 860 13 Blue Heron Creek Phase II 192 14 Green at Lakewood Ranch, The 300 15 Terraces at Peridia, The 61 16 Treviso Grand 275 18 Addison, The 90 20 Floridian at Jacaranda, The 309 Total Under Construction 2,334 21 Parrish Lakes 600 22 Vorbeck at Moccasin 720 23 Allure of Bradenton, The 302 26 Village of the Arts 100 27 Aqua by the Bay 2,894 28 Heritage Harbour 229 29 Oasis at Lakewood Ranch 254 30 Park 30 216 31 36th Street & Broadway 240 32 University Groves 183 33 DeSoto Road 233 34 200 South Orange Avenue 160 36 Bergamot on 780, The 98 38 Shopping Avenue 222 39 Siesta Promenade 414 40 Venice Isles 324 56 Bath & Racquet Club 180 Total Planned 7,369 57 301 Oxford 168 58 Floridian at Moccasin, The 300 59 Parrish Lakes Phase II 500 60 Robinson Gateway 542 61 Lake Flores 6,500 62 77th Terrace 160 63 Blue Heron Creek Phase III 100 64 Lakewood Ranch 100 65 River Club Park Lot 3 142 66 Cattlemen & DeSoto 1,750 67 Cattlemen Ranch 60 68 731 Cattlemen Road 288 69 Beneva Road 100 70 Ritz-Carlton Sarasota 100 71 Clark Road & Honore Avenue 257 72 Grand Lakes 1,097 89 Ellenton Landings 136 Total Prospective 12,300

Soutet orida e otructio rooed Mutiami roect 119 - Berkadia · 2019. 4. 24. · RENT-UP 1 Portofino Cove Phase II 4180 Umbria Lane Fort Myers FL 33916 Lease-Up 206 Fort Myers - Central

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Page 1: Soutet orida e otructio rooed Mutiami roect 119 - Berkadia · 2019. 4. 24. · RENT-UP 1 Portofino Cove Phase II 4180 Umbria Lane Fort Myers FL 33916 Lease-Up 206 Fort Myers - Central

Southwest Florida New Construction & Proposed Multifamily Projects 1Q19

a Berkshire Hathaway and Jefferies Financial Group company

Source: Yardi Matrix2 mi

2122

26

23

27

28

2930

31

32

33

34 3638

39

40

56

57

58 5960

61

62

63

64

65

66

67

686970

71

72

89

10

11

13

14

15

18

16

20

3

4

8

Lease-Up Under Construction Planned ProspectiveLEGEND

ID PROPERTY UNITS3 Oasis at Sarasota, The 324

4 Volaris Live Oak 300

8 Bold Lofts 97

Total Lease Up 721

10 Ranch Lake Phase II 247

11 Adley Lakewood Ranch Waterside, The 860

13 Blue Heron Creek Phase II 192

14 Green at Lakewood Ranch, The 300

15 Terraces at Peridia, The 61

16 Treviso Grand 275

18 Addison, The 90

20 Floridian at Jacaranda, The 309

Total Under Construction 2,334

21 Parrish Lakes 600

22 Vorbeck at Moccasin 720

23 Allure of Bradenton, The 302

26 Village of the Arts 100

27 Aqua by the Bay 2,894

28 Heritage Harbour 229

29 Oasis at Lakewood Ranch 254

30 Park 30 216

31 36th Street & Broadway 240

32 University Groves 183

33 DeSoto Road 233

34 200 South Orange Avenue 160

36 Bergamot on 780, The 98

38 Shopping Avenue 222

39 Siesta Promenade 414

40 Venice Isles 324

56 Bath & Racquet Club 180

Total Planned 7,369

57 301 Oxford 168

58 Floridian at Moccasin, The 300

59 Parrish Lakes Phase II 500

60 Robinson Gateway 542

61 Lake Flores 6,500

62 77th Terrace 160

63 Blue Heron Creek Phase III 100

64 Lakewood Ranch 100

65 River Club Park Lot 3 142

66 Cattlemen & DeSoto 1,750

67 Cattlemen Ranch 60

68 731 Cattlemen Road 288

69 Beneva Road 100

70 Ritz-Carlton Sarasota 100

71 Clark Road & Honore Avenue 257

72 Grand Lakes 1,097

89 Ellenton Landings 136

Total Prospective 12,300

Page 2: Soutet orida e otructio rooed Mutiami roect 119 - Berkadia · 2019. 4. 24. · RENT-UP 1 Portofino Cove Phase II 4180 Umbria Lane Fort Myers FL 33916 Lease-Up 206 Fort Myers - Central

Southwest Florida New Construction & Proposed Multifamily Projects 1Q19

a Berkshire Hathaway and Jefferies Financial Group company

Source: Yardi Matrix2 mi

7778

79

80

81

82

83

8485

8687

88

1217

1942

44

4546

4748

49

50

51

52

53

54

1

2

5

6

Lease-Up Under Construction Planned ProspectiveLEGEND

ID PROPERTY UNITS1 Portofino Cove Phase II 206

2 Springs at Hammock Cove 340

5 Reef Phase II, The 156

6 Addison Place 240

Total Lease Up 942

12 Crest at Bonita Springs, The 264

17 Mosaic @ Oak Creek 273

19 Grand Central 280

Total Under Construction 817

42 Cape Coral 330

44 Ben C. Pratt Six Mile Cypress 225

45 CenterPlace 1,800

46 Murano at Three Oaks 318

47 Edera at Coconut Point 180

48 Estero Crossing 350

49 Estero Grande 198

50 Pine Ridge Commons 325

51 Vi at Bentley Village 51

52 Trio 377

53 Seychelles 100

54 Crest at Naples, The 200

Total Planned 4,454

77 Veronica S. Shoemaker 480

78 6 Mile Cypress Pkwy & Challenger Blvd 100

79 Colonial at Metro 775

80 Colonial Gardens Phase I & II 168

81 Coconut Crossings 631

82 Downtown Estero 266

83 Allura 350

84 Immokalee Square 100

85 Pelican Nursery Redevelopment 400

86 Briarwood 320

87 Naples Beach Hotel Redevelopment 195

88 Legacy Naples 304

Total Prospective 4,089

Page 3: Soutet orida e otructio rooed Mutiami roect 119 - Berkadia · 2019. 4. 24. · RENT-UP 1 Portofino Cove Phase II 4180 Umbria Lane Fort Myers FL 33916 Lease-Up 206 Fort Myers - Central

Southwest Florida New Construction & Proposed Multifamily Projects 1Q19

a Berkshire Hathaway and Jefferies Financial Group company

Source: Yardi Matrix5 mi

24 25

3537

41

43

55

7

9

73

74

7576

Lease-Up Under Construction Planned ProspectiveLEGEND

ID PROPERTY UNITS7 Springs at Port Charlotte 256

9 Arcos 228

Total Lease Up 484

24 Preserve at Riverwalk Phase II 50

25 Shoreview 216

35 Bayside Club 253

37 Quay, The 662

41 Flats at Sundown 224

43 Eastwood 356

55 Lofts on Lemon 130

Total Planned 1,891

73 Murdock Village 2,400

74 Tuckers Point 1,689

75 Paradise Isles 800

76 McGregor Blvd and Altamont Avenue 100

Total Prospective 4,989

Page 4: Soutet orida e otructio rooed Mutiami roect 119 - Berkadia · 2019. 4. 24. · RENT-UP 1 Portofino Cove Phase II 4180 Umbria Lane Fort Myers FL 33916 Lease-Up 206 Fort Myers - Central

Southwest Florida New Construction and Proposed Multifamily Projects

Source: Yardi Matrix

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-UP

1 Portofino Cove Phase II 4180 Umbria Lane Fort Myers FL 33916 Lease-Up 206 Fort Myers - Central 04/17/2018 05/31/2019 02/21/2019

2 Springs at Hammock Cove 4360 Petal Drive Naples FL 34112 Lease-Up 340 Naples - Central 05/02/2018 01/31/2020 01/01/2019

3 Oasis at Sarasota, The 2083 University Pkwy Sarasota FL 34243 Lease-Up 324 Sarasota - University 04/01/2018 09/30/2019 09/11/2018

4 Volaris Live Oak 2509 Cattlemen Road Sarasota FL 34232 Lease-Up 300 Sarasota - South 02/14/2018 06/30/2019 09/01/2018

5 Reef Phase II, The 10121 Shephard Street Fort Myers FL 33967 Lease-Up 156 Fort Myers - South 05/01/2017 04/30/2019 09/01/2018

6 Addison Place 8633 Addison Place Circle Naples FL 34119 Lease-Up 240 North Naples 02/01/2018 06/30/2019 07/02/2018

7 Springs at Port Charlotte 24151 Beatrix Blvd Port Charlotte FL 33954 Lease-Up 256 Punta Gorda 03/21/2018 04/30/2019 06/30/2018

8 Bold Lofts 1659 2nd Street Sarasota FL 34236 Lease-Up 97 Sarasota - Central 03/08/2017 04/30/2019 06/01/2018

9 Arcos 320 Central Avenue Sarasota FL 34236 Lease-Up 228 Sarasota - Central 06/01/2016 04/30/2019 12/01/2017

Total Lease-Up 2,147

10 Ranch Lake Phase II 8110 Misty Wood Avenue Bradenton FL 34202 Under Construction 247 Bradenton - East 01/31/2019 06/30/2020

11 Adley Lakewood Ranch Waterside, The 2401 Lakewood Ranch Blvd North Sarasota FL 34240 Under Construction 860 Outlying Sarasota County 01/21/2019 06/30/2020

12 Crest at Bonita Springs, The 12025 Bonita Beach Road SE Bonita Springs FL 34135 Under Construction 264 Bonita Springs 02/28/2019 03/31/2020

13 Blue Heron Creek Phase II 420 Salt Meadow Circle Bradenton FL 34208 Under Construction 192 Bradenton - East 09/28/2018 12/31/2019

14 Green at Lakewood Ranch, The NEC Lakewood Ranch Blvd & East State Road 70 Bradenton FL 34202 Under Construction 300 Bradenton - East 11/15/2018 12/31/2019

15 Terraces at Peridia, The 5298 Peridia Blvd East Bradenton FL 34203 Under Construction 61 Bradenton - East 06/11/2018 10/31/2019

16 Treviso Grand 100 Treviso Grand Circle North Venice FL 34275 Under Construction 275 Venice 08/01/2018 08/31/2019

17 Mosaic @ Oak Creek 10750 Dean Street Bonita Springs FL 34135 Under Construction 273 Bonita Springs 08/28/2018 08/31/2019

18 Addison, The 702 6th Avenue East Bradenton FL 34208 Under Construction 90 Bradenton - Central 08/06/2018 08/31/2019

19 Grand Central 4944 South Cleveland Avenue Fort Myers FL 33907 Under Construction 280 Fort Myers - West 06/01/2018 06/30/2019

20 Floridian at Jacaranda, The 2445 East Venice Avenue Venice FL 34292 Under Construction 309 Venice 03/05/2018 05/31/2019

Total Under Construction 3,151

21 Parrish Lakes SWC Moccasin Wallow Road & US Route 301 Parrish FL 34219 Planned 600 Palmetto - Parrish

22 Vorbeck at Moccasin 4105 Moccasin Wallow Road Palmetto FL 34221 Planned 720 Palmetto - Parrish

23 Allure of Bradenton, The 102 Manatee Avenue West Bradenton FL 34205 Planned 302 Bradenton - Central

24 Preserve at Riverwalk Phase II 360 11th Street East Bradenton FL 34208 Planned 50 Bradenton - Central

25 Shoreview 10th Street East & Manatee Avenue East Bradenton FL 34208 Planned 216 Bradenton - Central

26 Village of the Arts 1051 Manatee Avenue West Bradenton FL 34205 Planned 100 Bradenton - Central

Page 5: Soutet orida e otructio rooed Mutiami roect 119 - Berkadia · 2019. 4. 24. · RENT-UP 1 Portofino Cove Phase II 4180 Umbria Lane Fort Myers FL 33916 Lease-Up 206 Fort Myers - Central

Southwest Florida New Construction and Proposed Multifamily Projects

Source: Yardi Matrix

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-UP

27 Aqua by the Bay 5855 El Conquistador Pkwy Bradenton FL 34210 Planned 2,894 Bradenton - South

28 Heritage Harbour 112 Upper Manatee River Road NE Bradenton FL 34212 Planned 229 Bradenton - East

29 Oasis at Lakewood Ranch Lorraine Road & East State Road 70 Lakewood Ranch FL 34202 Planned 254 Bradenton - East

30 Park 30 33rd Street East & 55th Drive East Bradenton FL 34203 Planned 216 Bradenton - East

31 36th Street & Broadway 36th Street East & Broadway Avenue Sarasota FL 34243 Planned 240 Sarasota - University

32 University Groves 3301 Whitfield Avenue Sarasota FL 34243 Planned 183 Sarasota - University

33 DeSoto Road 5380 DeSoto Road Sarasota FL 34235 Planned 233 Sarasota - North

34 200 South Orange Avenue 200 South Orange Avenue Sarasota FL 34236 Planned 160 Sarasota - Central

35 Bayside Club 700 Cocoanut Avenue Sarasota FL 34236 Planned 253 Sarasota - Central

36 Bergamot on 780, The 4811 Fruitville Road Sarasota FL 34232 Planned 98 Sarasota - Central

37 Quay, The 333 North Tamiami Trail Sarasota FL 34236 Planned 662 Sarasota - Central

38 Shopping Avenue 170 Shopping Avenue Sarasota FL 34237 Planned 222 Sarasota - Central

39 Siesta Promenade 6450 South Tamiami Trail Sarasota FL 34231 Planned 414 Sarasota - South

40 Venice Isles 2800 Executive Drive Venice FL 34292 Planned 324 Venice

41 Flats at Sundown SEC South Toledo Blade Blvd & West Price Blvd North Port FL 34288 Planned 224 North Port

42 Cape Coral 3514 Chiquita Blvd South Cape Coral FL 33914 Planned 330 Cape Coral

43 Eastwood 2360 Ortiz Avenue Fort Myers FL 33905 Planned 356 Fort Myers - Central

44 Ben C. Pratt Six Mile Cypress 12770 6 Mile Cypress Pkwy Fort Myers FL 33966 Planned 225 Fort Myers - South

45 CenterPlace Alico Road & Ben Hill Griffin Pkwy Fort Myers FL 33913 Planned 1,800 Fort Myers - South

46 Murano at Three Oaks Alico Road & Three Oaks Pkwy Fort Myers FL 33912 Planned 318 Fort Myers - South

47 Edera at Coconut Point SEC Via Coconut Point & Williams Road Estero FL 33928 Planned 180 Estero

48 Estero Crossing Corkscrew Road & Interstate 75 Estero FL 33928 Planned 350 Estero

49 Estero Grande Estero Pkwy & US Highway 41 Estero FL 33928 Planned 198 Estero

50 Pine Ridge Commons Goodlette-Frank Road & Pine Ridge Road Naples FL 34108 Planned 325 North Naples

51 Vi at Bentley Village 850 Retreat Drive Naples FL 34110 Planned 51 North Naples

52 Trio Davis Blvd & US Route 41 Naples FL 34102 Planned 377 Naples - Central

53 Seychelles Radio Road & Santa Barbara Blvd Naples FL 34104 Planned 100 Naples - East

54 Crest at Naples, The Southwest Blvd & Tamiami Trail East Naples FL 34113 Planned 200 Naples - South

Page 6: Soutet orida e otructio rooed Mutiami roect 119 - Berkadia · 2019. 4. 24. · RENT-UP 1 Portofino Cove Phase II 4180 Umbria Lane Fort Myers FL 33916 Lease-Up 206 Fort Myers - Central

Southwest Florida New Construction and Proposed Multifamily Projects

Source: Yardi Matrix

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-UP

55 Lofts on Lemon 851 North Lemon Avenue Sarasota FL 34236 Planned 130 Sarasota - Central

56 Bath & Racquet Club 2170 Robinhood Street Sarasota FL 34231 Planned 180 Sarasota - South

Total Planned 13,714

57 301 Oxford 5111 Oxford Road Parrish FL 34219 Prospective 168 Palmetto - Parrish

58 Floridian at Moccasin, The 9009 Moccasin Wallow Road Palmetto FL 34221 Prospective 300 Palmetto - Parrish

59 Parrish Lakes Phase II SWC Moccasin Wallow Road & US Route 301 Parrish FL 34219 Prospective 500 Palmetto - Parrish

60 Robinson Gateway Interstate 75 & Moccasin Wallow Road Parrish FL 34219 Prospective 542 Palmetto - Parrish

61 Lake Flores 75th Street West & Cortez Road West Bradenton FL 34210 Prospective 6,500 Bradenton - South

62 77th Terrace 77th Terrace East & Town Center Pkwy Bradenton FL 34202 Prospective 160 Bradenton - East

63 Blue Heron Creek Phase III 420 Salt Meadow Circle Bradenton FL 34208 Prospective 100 Bradenton - East

64 Lakewood Ranch Florida 64 & Lorraine Road Bradenton FL 34211 Prospective 100 Bradenton - East

65 River Club Park Lot 3 SEC Interstate 75 & East State Road 70 Bradenton FL 34202 Prospective 142 Bradenton - East

66 Cattlemen & DeSoto SWC Cattlemen Road & DeSoto Road Sarasota FL 34243 Prospective 1,750 Sarasota - North

67 Cattlemen Ranch 2001 North Cattlemen Road Sarasota FL 34232 Prospective 60 Sarasota - North

68 731 Cattlemen Road 731 Cattlemen Road Sarasota FL 34232 Prospective 288 Sarasota - Central

69 Beneva Road 105 South Beneva Road Sarasota FL 34232 Prospective 100 Sarasota - Central

70 Ritz-Carlton Sarasota 1111 Ritz Carlton Drive Sarasota FL 34236 Prospective 100 Sarasota - Central

71 Clark Road & Honore Avenue Honore Avenue & State Road 681 Sarasota FL 34275 Prospective 257 Sarasota - Far South

72 Grand Lakes Clark Road & Ibis Street Sarasota FL 34241 Prospective 1,097 Outlying Sarasota County

73 Murdock Village Collingswood Blvd & Toledo Blade Blvd Port Charlotte FL 33948 Prospective 2,400 Port Charlotte

74 Tuckers Point Interstate 75 & Tuckers Grade Punta Gorda FL 33955 Prospective 1689 Punta Gorda

75 Paradise Isles Hancock Bridge Pkwy & Orange Grove Blvd North Fort Myers FL 33903 Prospective 800 Cape Coral

76 McGregor Blvd and Altamont Avenue Altamont Avenue & McGregor Blvd Fort Myers FL 33901 Prospective 100 Fort Myers - Central

77 Veronica S. Shoemaker 3950 Veronica S. Shoemaker Blvd Fort Myers FL 33916 Prospective 480 Fort Myers - Central

78 6 Mile Cypress Pkwy & Challenger Blvd 6 Mile Cypress Pkwy & Challenger Blvd Fort Myers FL 33966 Prospective 100 Fort Myers - South

79 Colonial at Metro 10631 Metro Pkwy Fort Myers FL 33966 Prospective 775 Fort Myers - South

80 Colonial Gardens Phase I & II Colonial Blvd & Colonial Gardens Circle Fort Myers FL 33966 Prospective 168 Fort Myers - South

81 Coconut Crossings 23281 Lyden Drive Bonita Springs FL 34134 Prospective 631 Estero

Page 7: Soutet orida e otructio rooed Mutiami roect 119 - Berkadia · 2019. 4. 24. · RENT-UP 1 Portofino Cove Phase II 4180 Umbria Lane Fort Myers FL 33916 Lease-Up 206 Fort Myers - Central

Southwest Florida New Construction and Proposed Multifamily Projects

Source: Yardi Matrix

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-UP

82 Downtown Estero 8321 Broadway East Estero FL 33928 Prospective 266 Estero

83 Allura Livingston Road & Veterans Memorial Blvd Naples FL 34110 Prospective 350 North Naples

84 Immokalee Square Catawba Street & Immokalee Road Naples FL 34120 Prospective 100 North Naples

85 Pelican Nursery Redevelopment Collier Blvd & Immokalee Road Urban Estates FL 34119 Prospective 400 North Naples

86 Briarwood Livingston Road & Radio Road Naples FL 34104 Prospective 320 Naples - Central

87 Naples Beach Hotel Redevelopment 851 Gulf Shore Blvd North Naples FL 34102 Prospective 195 Naples - Central

88 Legacy Naples Davis Blvd & Santa Barbara Blvd Naples FL 34112 Prospective 304 Naples - East

89 Ellenton Landings 2803 36th Avenue East Palmetto FL 34221 Prospective 136 Palmetto - Parrish

Total Prospective 21,378

TOTAL SOUTHWEST FLORIDA 40,390

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