Using its collective money, land and willpower, a coalition of mid-sized businesses is backing Forest Cove, a 156-unit development aimed at easing Manatee County’s housing squeeze.
“We’re in a buyer’s market now. There’s a huge amount of inventory to choose from, and people are no longer making random offers. They’ll pay full price—but only if comps support it.”
From predictive pricing models to AI-powered marketing, today’s real estate entrepreneurs are operating with a level of speed and precision that wasn’t possible even five years ago.
The unanimous vote allows for two 18-story residential condo towers and new retail, restaurant and office space to rise on Palm Avenue. The developer will also restore the historic Mira Mar Plaza.
Florida’s new condo law aims to ease financial pressure after the Surfside collapse, but rising costs, insurance hikes, and mounting reserves continue to squeeze owners—especially in aging buildings.
In April 2025, Sarasota County's median sale prices were $470,000 for single-family homes and $339,500 for condos; Manatee County reported medians of $464,000 and $300,220, respectively.
After hours of presentations from the applicant, opponents and public comment, commissioners unanimously approved a comprehensive plan amendment at yesterday's legislative meeting.
