The Real Deal Miami

Residential builder buys 200 acres from Bradenton for 600-home project

Taylor Morrison of Florida Inc. paid $10.52M for the land near Bradenton's municipal reservoir and water treatment plant
September 02, 2018 03:40PM

Bradenton sold land near its municipal reservoir and water treatment plant. (Credit: Jones Edmunds)

A residential builder plans 600 homes on a 200-acre site that the city government of Bradenton sold for $10.52 million.

Taylor Morrison of Florida Inc. bought the property near the city’s reservoir and water treatment plant for $52,600 per acre.

In May, the Manatee County Commission narrowly approved the Taylor Morrison’s plan for a 600-home subdivision on the land, including houses, townhouses, villas and condominiums.

Planners have said the Taylor Morrison project  in Bradenton is comparable to its Esplanade development of houses and townhouses in Lakewood Ranch.

The 200-acre Bradenton site, which the city agreed two years ago to sell to Taylor Morrison, is west of Ward Lake, also known as Evers Reservoir. [Sarasota Herald Tribune]Mike Seemuth