Minneapolis-based Ryan Cos., in partnership with asset manager PGIM Real Estate and co-developer ParkSprings Development, has broken ground on Renata at Lakewood Ranch, set to add 502 garden-style, market-rate units across 37 acres in the 33,000-acre Lakewood Ranch master-planned community located south of Tampa in Lakewood Ranch, Florida.
The units will include one-, two- and three-bedroom floor plans spread across a series of four-story walk-up buildings, according to a press release. The apartments will be surrounded by the site’s five lakes, as well as a wetland preserve and nature trail along the northern edge of the property. The community will also include 86 attached garages, 80 detached garages and 42 storage units.
Site amenities will include a pool, a fitness center with a spinning room and yoga room, bar games, a golf simulator, a dog spa and dog park, multiple barbecue areas, conference and office rooms, a private beach and sand volleyball courts. The property is set to be completed by 2024, and preleasing will begin next year, according to a press release on the development.
"There is a major housing deficit in Central Florida, and Renata at Lakewood Ranch will…help fill the void for the growing population," said JP Bacariza, senior vice president of the Tampa market for Ryan Cos.
This project marks the third Ryan Cos. development in Lakewood Ranch, following Grand Living at Lakewood Ranch, a 172-unit senior and assisted living community completed in 2019, and Lakewood Ranch Preparatory Academy, a K-12 public charter school.
Renata at Lakewood Ranch will be one of the last developments in the Lakewood Ranch master-plan, which is nearly complete, according to the press release.
