Uninterruptible
Economic Engine
by
Melissa Wells
Quality-of-life issues appeal to
both corporations and the people
who work for them.
Even in
the current economic downturn, it's an upbeat picture, and
by mid-March, even the gloom over the county's marine industry
began to lift. Boat manufacturer Chris-Craft Industries Inc.
emerged under new ownership (see accompanying story, page
42) which seemed to indicate a turn-around is in order.
Meanwhile,
more companies are relocating to Manatee. West Virginia-based
Wheeling Corrugating Co. has opened a 56,000-square-foot corrugated
steel manufacturing plant in Palmetto, adding 25 jobs. PetLift,
a manufacturer of veterinary supplies, is relocating from
its Brooklyn headquarters to Bradenton, bringing another 25.
Manatee's
appeal as a corporate setting is recorded by citations it
has received for its quality of life. A tally of the main
components that make for an excellent lifestyle has earned
the county Expansion Management magazine's five-star rating,
placing it, along with Sarasota County, sixth in the nation
for standard of living. High marks in wage rates and cost
of living, income, crime rates, adult education levels and
potential for home ownership are the factors that place Manatee
in a favorable light with the magazine, which focuses on business
expansion and corporate relocation.
Other
statistics reveal that Manatee, combined with Sarasota, ranks
third of 212 metropolitan areas in per capita buying power.
And more jobs are on the way, apparently. The U.S. Bureau
of Labor Statistics cites the area as third in the nation
for job growth. Fishkind & Co., an economic forecasting firm
in Orlando, projects that as many as 15,000 jobs are coming
to the two-county area in the next three years, with Manatee
claiming two thirds of that total. In the next four years
Manatee's population is projected to grow by 9.2 percent,
compared to 7.6 percent in Sarasota and 8.2 percent in Florida
generally. (Increasingly, Manatee and Sarasota counties -
fierce competitors in the past - are cooperating for economic
growth. The two leading chambers of commerce are involved
in several joint projects, and the two county economic development
organizations are cooperating to form the first high-tech
incubator south of Tampa Bay - see story, page 18.)
 |
|
ClearAccess
Communications Inc., the signature tenant at the Bradenton
Financial Center, is offering its telecommunications
services to companies in Southwest Florida.
|
The projected
growth of the area is no accident. "We literally have all
the right ingredients," says Nancy Engel, executive director
of the Manatee Chamber of Commerce/Economic Development Council.
"Obviously, our location in the south Tampa Bay area is ideal.
We're in a major metropolitan area but have the feel of a
small town. We have a great quality of life with recreational
and cultural activities. Educational resources are available
in this area and our residential is great but also is the
job market. Companies are very focused on the quality of life
in Manatee."
Quality-of-life
issues contributed to the choice of Baker Electronics Inc.,
a high-tech manufacturer of aviation products, to build a
new 50,000-square-foot headquarters in the Sarasota-Manatee
Airport Authority's SRQ Aviation Park of Commerce, a new 54-acre
commercial center adjacent to the Sarasota-Bradenton International
Air-port. The 220-employee company has been operating in South
Manatee since its founding in the late '60s. "This is a consolidation
from several buildings in South Manatee," says Dan Barwick,
the firm's chairman. "We elected to go to the airport. The
airport authority's new industrial park is a great meld for
our aviation-based business."
"We're
in a major metropolitan area but have the feel of a small town.
Companies are very focused on the quality of life in Manatee."
- Nancy Engel, executive director,
Manatee Chamber of Commerce/
Economic Development Council
The company
manufactures audio control panels used in airplanes. "This
equipment is used to manipulate audio signals from various
radios in the cockpit," Barwick says. "A simple airplane will
have six or seven radios. Complex planes have even more and
pilots need a control mechanism for those."
The firm
also manufactures cabin management equipment for corporate
airplanes. "This covers entertainment, environmental switching,
lighting and heating for the back of corporate airplanes,"
says Barwick. "It's much more complex than commercial aircraft."
A third product line is flat panel displays for aviation,
marine and industrial applications.
"Our
systems fly on Cessnas, Gulfstreams, Raytheon aircraft, every
imaginable kind of aircraft," Barwick says. "That includes
Boeing aircraft used for private purposes. Lockheed uses our
defense-based monitor systems."
Baker
Electronics "dates back to the late '60s, when a fellow by
the name of Smith acquired rights to the audio panel," says
Barwick. "Gene Baker, for whom the company is named, started
to do business [manufacturing the audio panel] as Baker Electronics
in 1972. He passed away in the late '80s. His brother started
to work for him in the late '70s and is still with us. My
[two] brothers and I bought control of the company in '94
and today we own about 70 percent of it. The rest is owned
by our employees. We've grown at a rate of 20 to 40 percent
annually for the last six years and expect to continue to
do that."
Barwick
finds that Manatee "has a very accommodating working environment.
People have a generally good work ethic, it's a nice place
to live with a reasonable cost of living. It has the things
that employers look for," he says. "A cadre of high-tech businesses
doing fairly exotic things is building in Sarasota/Bradenton.
We're building a high-tech workforce to draw from."
Although
Barwick has difficulty recruiting locally for the more sophisticated
engineering positions, "on the upside, they don't leave [after
relocating]," he says. "They like the area. An advantage is
that we can draw from a resource pool of the entire Tampa
Bay area. This is a new phenomenon. We have people working
for us who live in St. Petersburg. The circle is widening."
High-tech
honors
The center of that high-tech circle in Manatee has some significant
players that earned spots on the 2000 Tampa Bay Technology
Fast 50 list. Elcotel Inc., a pay-phone manufacturer and telecommunications
provider ranked 26th, although early this year the company
fell prey to the growing financial distress of the pay phone
industry and filed for Chapter 11 bankruptcy protection.)
Precise Power Corp. in Palmetto, ranked 29th, makes electric
motors featuring new technology. Acterna Corporation, formerly
Cheetah Technologies Inc., ranked 34th. The Bradenton company
manufactures broadband network systems. Esprit Chemical Co.,
which distributes specialty chemicals, ranked 42nd. And Teltronics
Inc., a south-county company that manufactures telecommunications
equipment, ranked 44th.
"A cadre
of high-tech businesses doing fairly exotic things is building
in Sarasota/Bradenton. We're building a high-tech workforce
to draw from."
- Dan Barwick, chairman,
Baker Electronics Inc.
One of the
leaders in the high-tech arena nationally, and in Manatee County,
is expanding its research and development office. Cisco Systems
Inc. is preparing to move 20 engineers into a 17,000-square-foot
building in downtown Bradenton from a 6,000-square-foot office
at the Bradenton Financial Center. "This is Cisco's only tech
office in Florida," says Steve Wethington, the firm's manager
of engineering. "We're developing a mixed generation of products
for telecommunications switch gear to recognize voice."
The decision
of a Bradenton location came from Wethington, who owned a
local high-tech firm (Sentient Networks) that Cisco bought
in 1999. "Cisco moved the company to San Jose and then we
ended up with a place in Florida," he says. "It was my decision
to be in Bradenton. I'm the site manager. The location and
the building are convenient." With more than 34,000 employees
in 75 countries throughout the world, "we're a small part
of the business unit," Wethington says. "Within Cisco's overall
design, we don't show up. But we're doing very important work
within the overall business plan." While the downturn in the
economy has been felt at Cisco, "we're definitely busy with
development," says Wethington says. "We've got plenty to do."
The 70
employees at Precise Power Corp. (Maddux Report, July 2000)
have plenty to do as well. For the past couple years the high-tech
innovator of electric motors and power equipment has been
in transition from extensive research and development to marketing
its new technology. The results not only earned the company
a ranking on the 2000 Tampa Bay Technology Fast 50 list but
also the Florida 100, a list of the 100 fastest-growing private
companies in the state prepared by the University of Florida's
Warrington College of Business Administration. In 1999 the
company's revenues grew by 45 percent compared to the previous
year.
With
this kind of growth in revenues Precise Power is also building
up its staff. "We're recruiting both executive and production
talent aggressively," says Bill Kemp, the company's president.
"We have a good story with our proprietary technology and
the potential for high growth in a relatively stable industry.
Being in the Tampa Bay area doesn't hurt either. There are
always talented people around."
The company
has attracted investors to fund its growth. "We've received
over $10 million since mid-2000," Kemp says. "We've had a
lot of investor interest. The bulk of investors are angel
types that are Florida based. This interest is partially because
of our own merits but they're also aware that the power technology
sector is the best performing in the technology market."
The equipment
manufactured at Precise Power provides a ready solution to
the power supply problems occurring in California and, as
a result, the company is beginning a push to sell its products
in that market. The company's small motor generator is designed
to provide a continuous, uninterruptible energy supply to
bridge the gap between utility power outages and start-up
of large emergency generators.
A solid
financial performance has also come from Eaton Corp. A manufacturing
facility for Irvine, Calif.-based Eaton Aerospace, the technology
company employs 400 people who make power management and switching
systems for commercial and military aircraft. Contributing
to its financial success is a new technology manufactured
locally that has a wide market in the aerospace industry,
say company officials.
The optical
lens industry in Manatee had its setbacks with the layoff
of 420 employees at Bausch & Lomb earlier in the year. But
Benz Research & Development, a manufacturer of raw materials
for the optical and medical industries, is in the midst of
an expansion of its South Manatee headquarters facility from
20,600 square feet to 33,000 square feet. The company uses
state-of-the-art chemical processing technology and ultra-high
vacuum glass distillation in the production of the raw materials.
The firm's website indicates that 90 percent of all soft contact
lenses made in the United States uses its products.
| Sailing
On?
Nearly 400 workers were abruptly thrown out of work
when Bradenton's Chris-Craft Industries Inc. boats shut
its doors as owner Outboard Marine Corp. filed for Chapter
11 bankruptcy protection in December.
In early March, however, all of Outboard Marine's assets
in the United States were purchased by Minneapolis-based
Genmar Holdings Inc. and its investment acquisition
wing, JTC Acquisitions LLC. The new ownership Ð which
claims to be the world's largest boatbuilder Ð promised
to produce 18 brands of fiberglass and aluminum boats,
including Wellcraft (which was already a Genmar company),
which recently won awards for its technology in boat
manufacturing. Wellcraft, which employs nearly 1,000
people at its local headquarters and boat factory, won
the awards for its computerized process for producing
fiberglass hulls. It is a process nearly 10 times faster
and more precise than conventional hull-production techniques.
A few days later Genmar sold the oldest boat company
in the U.S., 127-year-old Chris-Craft, to the London-based
special situations investment firm Stellican Ltd. Stellican's
chief, Stephen Julius, promptly labeled Chris-Craft
as "absolutely superb and [a] world-class brand with
enormous potential. This could well be a $200-$300 million
sales company in the making."
Julius named Stephen Heese the new Chris-Craft president.
(Heese and Tampa-based McNeel International Inc. are
minority investors.) In 2000 Chris-Craft sold more than
1,400 boats at a net sales value of nearly $50 million,
Stellican Ltd. said in a news release.
|
Another
expansion in the world of high-tech comes from ClearAccess
Communications Inc., a telecommunications firm in downtown
Bradenton. The two-year-old start-up last year expanded to
a 17,000-square-foot facility at the Bradenton Financial Center.
"We're a provider of high-speed broadband wireless access
and Internet services," says Barry Batson, the firm's vice
president of corporate development. "This company was founded
in Bradenton in 1999 on the premise that this technology would
deliver high-speed data, Internet, voice and video for corporations.
That's our core product offering. We provide service in nine
counties in Southwest Florida from Tampa to Naples."
A distinction
the young company has earned is its certification as a Cisco-powered
network partner (CPN). "We utilize Cisco products primarily,"
explains Batson. "There are a limited number of companies
that qualify to meet the requirements by Cisco to become a
CPN. We were one of the first wireless connectivity providers
in Florida to be awarded the CPN."
The company
invested $1 million in infrastructure to power the technology
at its downtown headquarters. "We had to spend a lot of capital
to equip the building in terms of power and fiber," says Batson.
Although
the company's founders are from New Jersey, they chose Bradenton
as the headquarters for their new firm. "Bradenton/Sarasota
is a very good model of the type of markets we'll expand into,"
Batson says. "They basically launched the business here because
the quality of life is what they want for raising their families.
We've brought employees from Virginia, Maryland, New Jersey
and California. Most of the employees, especially those from
the Northeast, are pleased with the quality of life, the weather
in particular. Those with families are pleased with the school
districts here."
New
York pet movers
Similar sentiments can be heard at PetLift Ltd., a 40-year-old
manufacturer of veterinary equipment that moved from Brooklyn
to its new 12,000-square-foot building in Solomon Enterprise
Industrial Park in South Manatee. "This is something I've
wanted to do for years," says Steve Apatow, the firm's president.
"We were familiar with the area. I have family here and everything
started clicking together."
The company
employs 25 people and seven of those employees have relocated
from New York to stay with the company. "We can't believe
it," Apatow says. "Some have family here. They're tired of
New York and the weather. They want a change. Most of them
are single. They're just excited about working with this company.
They've been with us for many years."
PetLift,
which made its first grooming table in 1960, manufactures
kennel and grooming equipment for the pet industry. "We make
tubs to wash animals," says Apatow. "We sell to zoos, and
[we] supplied the tubs used to wash the animals [affected
by] the Exxon Valdez spill. We have a worldwide distribution
of anything involved with bathing or veterinary care or grooming
care of animals."
 |
|
Chris-Craft,
which closed its doors last December due to the bankruptcy
filing of its then owner Outboard Marine Corp., has
been acquired by London-based Stellican Ltd.
|
Another
relocation from the Northeast involves Aerial Films Inc.,
formerly based in Morristown, N.J. The 15-employee company
manufactures and distributes gyro-stabilized aerial camera
systems and is building a 21,800-square-foot assembly and
installation hangar across from the airport's SRQ Aviation
Park of Commerce. "We sought a community that would be perfect
for our clients and employees and found it in the Manatee
and Sarasota County area," says Ken Sanborn, the firm's president.
"The airport provides an ideal location for us to significantly
expand our service capabilities."
Also
relocating into the south-county area is VantageSource LLP,
a unit of Arthur Andersen. The 30,000-square-foot facility
houses the Andersen Worldwide Distribution Center, which was
formerly located in Chicago. Fifteen employees work in the
distribution center that supports Andersen personnel and clients
with services such as digital printing, packaging, binding,
kit assembly, product fulfillment and shipping. Other office
support employees of VantageSource are based at the Arthur
Andersen Technology Park in Sarasota in the I-75 corridor.
Out
of the rust belt
It's a long leap from accounting services to manufacturing
steel, but the facilities aren't far apart in Manatee. Wheeling
Corrugating Co., a division of West Virginia-based Wheeling-Pittsburgh
Steel Corp., invested $2.7 million in enhancements to a 56,000-square-foot
manufacturing plant at the Palmetto Corporate Complex in Ellenton.
The building had been vacated 13 years ago when Siemens AG
closed its hydroelectric generator division and laid off 600
workers. The building sat empty until Wheeling picked it up
for its newest facility, which employs 25 workers manufacturing
corrugated steel for roofing and bridge decking.
And the
county's largest employer is expanding, too, to the tune of
$90 million. "Tropicana is putting in refrigerated storage
and major roadway improvements," says Nancy Engel at the Economic
Development Council. "This is beyond their new administration
building."
Tropicana,
owned by PepsiCo Inc., employs 3,200 people at its Bradenton
headquarters. Its Pure Premium orange juice product is the
fourth-largest selling item in grocery stores nationwide.
The company is building a four-story, 145,000-square-foot
office building designed to accommodate sales, marketing,
finance and other administrative departments. The new facility
includes a health club and exercise facility and auditorium-style
corporate learning center. It plans to add another 120,000
square feet of cold storage to its existing 600,000 square
feet that keeps juice frozen at minus-15 degrees.
Another
of Bradenton's larger employers has expanded its corporate
headquarters. Beall's Inc., which employs 1,017 workers throughout
the county, has invested $2.5 million to convert 22,000 square
feet of warehouse space to offices for the department store
chain's financial division and a fulfillment center for its
MyGiftCottage.com division. It also recently opened a 67,000-square-foot
retail store in East Manatee along the I-75 corridor, its
72nd department store, the third in Bradenton.
CFI Manufacturing
Inc. is also in a high-growth mode. The company employs more
than 200 workers that make cushions, umbrellas and patio furniture.
Also on the Florida 100 list, CFI had sales of $700,000 when
current owner Webb Carter bought it in 1989. By last year
sales had grown to $25 million. CFI expanded its plant in
the south-county area by 100,000 square feet two years ago
and is preparing for yet another expansion with the recent
acquisition of 51 acres at U.S. Highway 301 and Whitfield
Avenue.
Wrapping
it up
The county's significant cluster of packaging equipment companies
continues to grow with the expansion of Bossar USA Inc., a
unit of Barcelona-based Bossar S.A. The Spanish company, which
sells machinery that seals food in pouches, opened its United
States operation in September 1998 with two Manatee County
employees. Needing space to accommodate growing sales and
distribution for its North American markets, it recently expanded
into 6,600 square feet in the Tallevast Commerce Center. The
staff now numbers eight and is expected to continue to grow.
"We've
spent $30 million [on improvements at Port Manatee] ... and
have another $47 million worth of projects approved or under
construction. By the time this project is finished, we will
have spent $130 million."
- Steve Tyndal, special projects director,
Manatee County Port Authority
On the northern
edge of the county, Port Manatee is in the process of expanding
its docks to accommodate larger ships and cruise liners. "Five
years ago we embarked on a strategy to expand our facilities,"
says Steve Tyndal, the port authority's special projects director.
"We've spent $30 million since the project began and have another
$47 million worth of projects approved or under construction.
By the time this project is finished, we will have spent $130
million."
 |
|
Precise
Power Corp. in Palmetto is on a fast track to high growth
as it aggressively markets its new power technology
throughout the world.
|
Construction
is due to begin soon on Berth 12, which when completed will
be 1,055 feet long. "This will provide berth space for ships
as long as 1,000 feet, which means bigger ships can come into
the port," Tyndal says. "Another element includes relocating
and enlarging the turning basin to a 1,400-foot diameter.
We're talking about a new class of ships calling on the port.
The docks along Berth 12 will be built specifically to handle
general cargo and cruise passengers. We've had one regular
cruise line [Regal Cruises] at the port for the last eight
seasons. We're trying to attract new cruise business and feel
confident that by the time Berth 12 is operational we'll have
a new cruise line at the port."
In addition
to a 60,000-square-foot cruise terminal, the port authority
is building a 150,000- to 200,000-square-foot cold-storage
facility at Berth 12. Meanwhile, the port authority is also
building additional facilities to accommodate the expansion
of Del Monte, one of its major tenants.
"They
moved to Port Manatee in 1989 from the Port of Tampa, where
they had been based 19 years," says Tyndal. "They were an
important addition to the port's general cargo mix. Over time,
their imports and exports grew to the point that they needed
additional space beyond the 58,000-square-foot building we
had constructed for them. In 1999 we built 15,000 square feet
of additional chill space for them and then another 30,000
square feet. In February we completed an additional 60,000
square feet of chill space. That's 163,000 square feet at
the port just for Del Monte, in addition to 168 "re-fer" plugs
(another cold-storage method). We have 13 acres of paved container
facilities used primarily by Del Monte and have just finished
another seven acres."
Del Monte
imports fresh fruits through the port. "They bring in primarily
bananas, pineapples and seasonal melons," Tyndal says. "We
have two to three ships a week in the early part of the year.
For seven to eight months it's one ship a week. Each ship
brings 400 truckloads of fruit. But they are also a very significant
exporter. From our port they ship many of the necessities
to operate their plantations in primarily Costa Rica and Guatemala.
They also export almost all of the paper they use to construct
their cardboard boxes at their box plants in Central America.
They have a very comprehensive operation in Costa Rica. They're
the largest non-government employer there and second-largest
non-government employer in Guatemala."
Gas
pipeline
A relatively new player at the port is Gulfstream Natural
Gas System LLC, which has recently received federal approval
to lay its proposed $1.6-billion, 753-mile natural gas pipeline
from Mississippi and Alabama across the Gulf of Mexico to
Port Manatee. From there the pipeline will spread another
292 miles through Central Florida to supply up to 1.1 billion
cubic feet of natural gas daily to gas-fired electric generators
from Manatee County east to St. Lucie County and from Lakeland
south to Palm Beach.
The port
will be the center of construction activities, set to begin
in June. "We're constructing a 45,000-square-foot office building
for Gulfstream," says Tyndal. "They'll be the primary tenant
of the building during construction of the pipeline and have
as many as 135 employees based there. When the pipeline's
finished, which is scheduled for June 2002, they'll release
portions of the building back to the port authority, at which
time we'll lease to new tenants."
"The
office at the port will be devoted to handling construction
of the pipeline," says Brian O'Higgins, Gulfstream's director
of offshore pipeline design. "After construction is completed
it will be used to operate the pipeline. Construction will
happen simultaneously offshore and onshore. The port will
be a strategic area for supporting our offshore and onshore
pipeline activities. Pipe will be arriving at the port via
both ship and rail."
But the
port has additional major tenants. "Tropicana has been a significant
player in the port's solid financial footing over the years,"
says Tyndal. "Universal Forest Products is a major importer
of forest products from around the globe. These companies
and many others like them are putting Port Manatee and Tampa
Bay literally on the map for international trade commerce."
As part
of capitalizing on international commerce, the port is gearing
up to create trade routes with Mexico. "The United States
and Mexico share annual trade valued at $227 billion a year,"
says Tyndal. "Florida gets approximately 1 percent of that
trade. Most of it goes over the border by truck and the balance
by water on north-south trade routes. If we, as the ports
of Tampa Bay, can capture just 10 percent of that trade by
establishing efficient east-west trade routes, we're looking
at a $227-million economic impact on the region. Hopefully,
the docks we're building and the other facilities at other
Tampa Bay ports will help capture trade with Mexico. And that's
just one country."
"If we,
as the ports of Tampa Bay, can capture just 10 percent of [the
Mexican] trade, we're looking at a $227-million economic impact
on the region."
- Steve Tyndal, special projects director,
Manatee County Port Authority
The Manatee
Port Authority is "currently negotiating with a new liner service
that intends to provide that east-west route that is so vital,"
adds Tyndal. "We can't speculate as to how soon that service
might begin but it does appear to be imminent." And, of course,
the port has its eye on "the looming possibility that the trade
embargo with Cuba will be lifted," Tyndal says. "It may yet
take years for the embargo to be removed completely. It's not
a matter of if but when that happens."
Shifting
Sandpile
Projects to revise downtown Bradenton's Sandpile have
seemed mired in a series of delays and changes. But development
activities should occur soon. "Riverfront Partners made a
presentation to city council recently and got that approved,"
says Nancy Engel of the Economic Development Council. "They
have housing, office, hotel and restaurants going in there."
Bill
Theroux, executive director of the Downtown Development Authority,
says that $65 million to $70 million of development has occurred
in the past two years. Projects include, among others, the
Bridgewater condominiums at Point Pleasant, a $5.5-million
renovation of the South Florida Museum, a new surgical center
for 26 physicians, the $1.2-million conversion of the old
railroad station to offices for ophthalmologist Daniel Pope
and contractor/developer Mike Carter's renovation of office
buildings along Main street.
The Manatee
Riverwalk encompasses redevelopment efforts in the downtowns
on both sides of the Manatee River. "This Riverwalk project
has Bradenton and Palmetto working together," says Palmetto
Mayor Pat Whitesel. "The Manatee River was the river that
divided. It no longer divides; it connects. The Riverwalk
will feature restaurants, retail businesses, bicycle trails
and historical tours in Bradenton and Palmetto. It encompasses
our Heritage Park and wedding chapel. We're working together
as a community. This is such a win situation with the river
that connects."
Other
developments in downtown Palmetto include a new Albertson's
food store, with construction recently begun. A Walgreens
drug store has opened and the Weber building adds office space
downtown. "We have a new gourmet chocolate and nut shop, a
new fashion shop, and the Main Street Restaurant. Our small
businesses are the life blood of our city," Whitesel says.
The new
Riviera Dunes development on the waterfront is contributing
significantly to Palmetto's vitality. St. Petersburg-based
First Dartmouth Homes plans to build 250 luxury condominiums
in five six-story buildings that will feature views of the
Manatee River and Riviera Dunes Harbor. The master-planned
community will also include 217 single-family homes, an $11-million
hotel, commercial retail space, a 220-slip public marina,
the Tony Jacklin Golf Center and a community pool and tennis
center.
"Mike
Carter will develop the marina and restaurants at Riviera
Dunes," says Whitesel. "Across from the Dunes is our estuary
park with 11 acres of preserves. It will have an observation
tower and picnic table and will be a habitat for a large variety
of birds. It will be some place that everyone can walk through
the woods or by a stream and get back to nature. When all
is said and done, if the city council approves this, we'll
have 45 acres of preserves along the waterfront adjacent to
the Riviera Dunes project." Another aspect of beautifying
the cities on the river is "pooling our resources and working
on specific areas of slum and blight," Whitesel says. "We're
appointing a committee to decide where the needs are most
critical, and we'll concentrate on one full block to get it
revitalized. This working together is new. People are realizing
that whatever Bradenton does affects Palmetto and vice versa.
It's an exciting time in Manatee County."
Lakewood
Ranch Grows
Just as it is in East Manatee where new development is adding
residential, retail and corporate office settings at a blistering
pace. Several new office buildings are under construction
in Lakewood Ranch at the I-75 corridor and University Parkway.
"Our office market continues to be strong in the Town Center
at Lakewood Ranch," says John Swart at Lakewood Ranch Realty.
"The Taylor Woodrow building is two stories and 33,000 square
feet. The primary tenant is Taylor Woodrow and others are
Homes by Towne and Kerkering Barbario, CPAs and financial
planners from Sarasota. Colonial Properties has a three-story,
134,000-square-foot building planned and fully permitted.
It's in preleasing status."
 |
|
Beall's
Inc. recently converted warehouse space in Bradenton
into office space to serve as its MyGiftCottage.com
fulfillment center. This store is in Ellenton.
|
Colonial
Properties is also building 272 multi-family residential units
at Lakewood Ranch. "This is Phase Two of construction," Swart
says. "Their first phase of 288 units is totally leased."
A new
Publix shopping center is opening in a more northerly sector
of Lakewood Ranch at State Road 64. "We have a lot of new
residential product built there so Publix is putting a store
there also," says Swart. "This is their second. It's a 46,000-square-foot
grocery store with another 30,000 square feet of local retail
space."
Additional
services migrating to Lakewood Ranch include a First Union
Bank. "That's in addition to the Northern Trust that's been
open for a year," Swart says. "SunTrust and Bank of America
have also been open for a while. Chili's is under construction
and we have a J. Ryan's on the Grill. We also opened a daycare
center called Kids 'R' Kids. Daycare is really important because
we have such a large employment base now."
There's
more. An 87-room Marriott Fairfield Inn & Suites is planned
in Lakewood Ranch. A 15,000-square-foot Walgreens drug store
and additional 10,000 square feet of retail space will soon
be under construction in the Town Center. "This will include
many services that office buildings like to have close by
to save time and effort," says Swart. "Employees can drop
shirts at the dry cleaners, shop at Publix or have dinner
in one of the three or four restaurants there."
Near
Lakewood Ranch High School, the Manatee Technical Institute
is building a 50,000-square-foot occupational health education
facility. And Manatee Memorial Hospital is planning to build
a 120-bed hospital at Lakewood Ranch. "They're in the final
approval process," says Swart. "By second quarter 2001 construction
should start on a 60,000-square-foot medical office building
to include emergency care, lab, diagnostics and doctors' offices.
We expect the hospital to start some time in 2002." In Manatee
County Lakewood Ranch currently has "2,500 homes in round
numbers," Swart says. "We'll end up somewhere between 6,000
and 7,000. Our market continues to be very strong."
He might
have been speaking for Manatee County as a whole.
|