834 Riverside Dr Palmetto, FL 34221

This mixed-use development site is located in Palmetto, Florida, near the Manatee River and close to beaches, cultural destinations, entertainment, and shopping. The 3.4-acre site is adjacent to ItWorks! corporate headquarters and across from Regatta Pointe Marina, restaurants, and shops. Development options include a boutique hotel, multifamily housing, office space, or residential condominiums with ground-floor retail and restaurants, all offering water views. A portion of the site will be used to construct boat trailer parking to accommodate approximately 20-30 spaces. The net developable area will be approximately 2.5 - 3 acres. A rezone to Planned Development Multi-Use (PD-MU) is expected due to the current split zoning. Residential density has been increased to 153 units through a recent Comprehensive Plan Amendment. The City of Palmetto and the Palmetto Community Redevelopment Agency are encouraging development in the Downtown Core by incentivizing projects that bring more activity to the area. Development incentives may amount to 8-12% of the total development cost. The site is situated on the Manatee River, near shopping, beaches, and recreation destinations, surrounded by offices, restaurants, a marina, and retail. It is located near ItWorks! global headquarters and a marina with 350 boat slips and multiple restaurants. Boutique shops and restaurants are located on a historic main street, and Sutton Park is also nearby. Downtown Bradenton, featuring an arts district, Riverwalk Park, diverse restaurants, and Manatee Memorial Hospital, is located south across the Manatee River. The southeast corner of the site is limited to non-residential uses. The property is centrally located between St. Petersburg and Sarasota.