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Bradenton CRA approves incentives to advance 367‑unit downtown redevelopment
Summary
The Bradenton Community Redevelopment Agency voted unanimously to direct staff to draft an agreement offering sustainable redevelopment incentives to AmRES Investments LLC (spelled “Ameris Investments LLC” in the motion on the record) for a proposed 367‑unit mixed‑use development at 500 Fifteenth Street West.
The Bradenton Community Redevelopment Agency voted unanimously to direct staff to draft an agreement offering sustainable redevelopment incentives to AmRES Investments LLC (spelled “Ameris Investments LLC” in the motion on the record) for a proposed 367‑unit mixed‑use development at 500 Fifteenth Street West in downtown Bradenton.
"Good afternoon, everybody. Chris Manjon, CRA manager. So we're really excited to, present this to you. It's a great opportunity for the downtown CRA," CRA Manager Chris Manjon said as he described the application and how it aligns with the agency's goals.
The applicant estimates total construction costs at about $130 million and a stabilized value of $175 million, with construction targeted for completion in the second quarter of 2028. The CRA staff presentation projects roughly $26 million in…
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