Project Description
• 393 Residential Units
• 5 Separate Buildings
• Each Building is 6 Stories High
• Apartment Sizes from 350 Sq Ft /Efficiency
to 842 Sq Ft /3 Bedrooms
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Apartment Description
Apartment Type AreaEfficiency Apartment 350 sq.ft.
1 Bedroom Apartment 602 sq.ft.
2 Bedroom Apartment 715 sq.ft.
3 Bedroom Apartment 842 sq.ft.
Total - - - - - - - - - - - - - - - - -- - - - -
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242 Total Parking Spaces
Est. Rent (no car)
$650/month
$750/month
$850/month
$950/month
Unit Count122 units
95 units
146 units
30 units
393 units
Harvey Vengroff“One Stop Housing”
Affordable Housing in
Sarasota and Manatee Counties
• 1500+ Units Under Management• 25+ Years in Business
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One Stop Housing
Business Model
• No Govt. Subsidies
• No Section 8
Safe and Affordable“Work Force Housing”
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Social Service Agencies
• Salvation Army• Catholic Charities• Jewish Family & Children Services• SPARCC• Coalition for the Homeless• Trinity Without Borders
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Description of Current Operations
• Studios• 1-2-3 Bedroom Apartments• House / Townhomes For Rent
Rent from $600-$950Located from Venice to Palmetto
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Economics
Requires 393 Units for the Project to be Successful
Total Cost $20 Million
No Public Money – Direct to Tax Rolls
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Parking Mitigation60% of Tenants Will Not Own a Car• Local Services Available
• Adjacent to Downtown
• Van Service
• On Bus Route – Close to Terminal
• Bicycle Friendly
• Zip Car-like Operation Available
• Rent Reduced for Non-Car Owners
• 15 Minute Walk to Downtown23