834 Riverside Drive PALMETTO, Palmetto, FL 34221

This waterfront mixed-use development site offers a waterfront-oriented setting for a range of concepts, including a boutique hotel, multifamily, office space, or residential condominiums with ground floor or adjacent retail and restaurants. The CRA requires the design and construction of boat trailer parking on a portion of the site to accommodate approximately 20–30 boat trailer spaces for future public use. Due to split zoning, an expectation of rezoning to Planned Development Multi-Use (PD-MU) exists. The southeast corner of the site is limited to non-residential uses.

The property is located in Palmetto, Florida, just steps from the Manatee River and minutes from beaches, cultural destinations, entertainment, and shopping. It is directly adjacent to the ItWorks! corporate headquarters with over 200 employees and across the street from Regatta Pointe Marina, restaurants, and shops.

The net developable area is expected to be approximately 2.5–3 acres. A City-initiated Comprehensive Plan Amendment increased residential density to 153 units by changing the Future Land Use (FLU) to Planned Community (PC). The City of Palmetto and the Palmetto Community Redevelopment Agency are encouraging downtown-core activity through development incentives estimated at 8–12% of the total development cost, subject to City Commission discretion, and additional purchase requirements include a letter of intent, conceptual plan, and development proforma along with development concept approval prior to contract execution.