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SVN | Commercial Advisory Group Manages Sale of Prime Port Charlotte Development Contact Name: Lacy Landers Contact Email: [email protected] Contact Phone Number: 941-343-4515 Release date: 2/5/2024 Press Release: Representing both the buyer and the seller, Mike Migone, CCIM of SVN | Commercial Advisory Group managed the $8.4M sale of the 22 acre development site located at Highway 41 and Cranberry Rd, Port Charlotte, FL 33953. Situated between Racetrac and Kia of Port Charlotte, this site presents an exciting development opportunity for the buyer, LIV Development, a leading multifamily developer, who is scheduled to break ground in February 2024. With Charlotte County among the nation’s fastest growing metro areas and North Port breaking into the top 10 for fastest growing cities in the U.S., this site presented a perfect opportunity for developers to meet the needs of the growing community. Livano Charlotte Harbor, a 333-unit multifamily community, will provide residents with a top-of-market, luxury living experience with convenient access to not only the communities of North Port and Port Charlotte, but also Sarasota, Fort Myers, and Tampa via Tamiami Trail and nearby I-75. The project will consist of seven four-story, elevator-serviced buildings as well as an integrated clubhouse featuring leasing offices, fitness center, co-working space, coffee bar, and more. Outdoor amenities will include fire pits, grilling stations, kayak/paddleboard storage, and a resort-style pool overlooking a large retention pond. Additionally, an enhanced pet center on the property will provide an outdoor pet center, doggie day care, grooming, and bathing stations. Delivery of the first units is expected in April 2025. The remaining 9 acres of the site will be developed for commercial tenants who will serve the growing community. With a strong understanding of this site’s potential and opportunities, Migone was able to secure an accredited buyer who will serve the local community’s needs for growth and development. About SVN | Commercial Advisory Group SVN International, a commercial real estate brokerage firm headquartered in Boston, is one of the industry’s most recognized brands based on the annual Lipsey Top Brand Survey. With more than 200 locations in 500 markets, SVN Commercial Real Estate Advisors provide sales, leasing and property management services to clients worldwide. The SVN Florida team consists of more than 100 advisors serving locations across the state. SVN advisors represent clients in office, multifamily, retail, industrial, self-storage, hospitality, marina, mobile home park and land transactions. All offices are independently owned and operated. For more information on SVN Commercial Advisory Group, visit https://suncoastsvn.com/ For the latest news, trends and issues related to the commercial real estate market, visit our blog https://suncoastsvn.com/insights Mike Migone, CCIM, Senior Investment Advisor SVN Commercial Advisory Group 941-812-7437 | [email protected] Lacy Landers, Marketing Coordinator SVN Commercial Advisory Group 941-343-4515 | [email protected]
SVN | Commercial Advisory Group Manages Sale of Prime Port Charlotte Development
Contact Name: Lacy Landers
Contact Email: [email protected]
Contact Phone Number: 941-343-4515
Release date: 2/5/2024 Press Release: Representing both the buyer and the seller, Mike Migone, CCIM of SVN | Commercial Advisory Group managed the $8.4M sale of the 22 acre development site located at Highway 41 and Cranberry Rd, Port Charlotte, FL 33953. Situated between Racetrac and Kia of Port Charlotte, this site presents an exciting development opportunity for the buyer, LIV Development, a leading multifamily developer, who is scheduled to break ground in February 2024.
With Charlotte County among the nation’s fastest growing metro areas and North Port breaking into the top 10 for fastest growing cities in the U.S., this site presented a perfect opportunity for developers to meet the needs of the growing community.
Livano Charlotte Harbor, a 333-unit multifamily community, will provide residents with a top-of-market, luxury living experience with convenient access to not only the communities of North Port and Port Charlotte, but also Sarasota, Fort Myers, and Tampa via Tamiami Trail and nearby I-75. The project will consist of seven four-story, elevator-serviced buildings as well as an integrated clubhouse featuring leasing offices, fitness center, co-working space, coffee bar, and more. Outdoor amenities will include fire pits, grilling stations, kayak/paddleboard storage, and a resort-style pool overlooking a large retention pond. Additionally, an enhanced pet center on the property will provide an outdoor pet center, doggie day care, grooming, and bathing stations.
Delivery of the first units is expected in April 2025. The remaining 9 acres of the site will be developed for commercial tenants who will serve the growing community.
With a strong understanding of this site’s potential and opportunities, Migone was able to secure an accredited buyer who will serve the local community’s needs for growth and development.
About SVN | Commercial Advisory Group
SVN International, a commercial real estate brokerage firm headquartered in Boston, is one of the industry’s most recognized brands based on the annual Lipsey Top Brand Survey. With more than 200 locations in 500 markets, SVN Commercial Real Estate Advisors provide sales, leasing and property management services to clients worldwide. The SVN Florida team consists of more than 100 advisors serving locations across the state. SVN advisors represent clients in office, multifamily, retail, industrial, self-storage, hospitality, marina, mobile home park and land transactions. All offices are independently owned and operated.
For more information on SVN Commercial Advisory Group, visit https://suncoastsvn.com/ For the latest news, trends and issues related to the commercial real estate market, visit our blog https://suncoastsvn.com/insights
Mike Migone, CCIM, Senior Investment Advisor SVN Commercial Advisory Group
941-812-7437 | [email protected]
Lacy Landers, Marketing Coordinator
SVN Commercial Advisory Group
941-343-4515 | [email protected]