Treviso Grand becomes first new apartment in northeast Venice

Treviso Grand becomes first new apartment in northeast Venice

A surprising number of families have chosen to move into the first new Venice apartment complex in recent memory VENICE — With three bui

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A surprising number of families have chosen to move into the first new Venice apartment complex in recent memory

VENICE — With three buildings open for tenants and a fourth slated to receive its certificate of occupancy Thursday, Treviso Grand — the first new apartment complex in the city of Venice in at least two decades — is off to a rousing start.

About 93 units in the 272-unit luxury apartment complex have been leased, with 51 units occupied.

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The surprising thing so far has been the number of families that have been moved in, Michael King, director of residential investment for Zilber Ltd., said prior to Wednesday evening’s ribbon-cutting ceremony.

“The other night we had quite a few kids out here at the pool enjoying themselves,” King said.

Near the northeast intersection of Laurel and Knights Trail roads, Treviso Grand is targeting everyone from empty nest baby boomers and retirees to young professionals and families.

“There have been more families than we have expected early on and it’s great providing them a place to feel at home in,” King said.

In addition to the swimming pool, the outdoor amenities include a children’s playground, cornhole courts, bocce ball courts, an outdoor picnic area and a dog park.

The clubhouse includes a fitness room, game room with a pool table and card table, kitchen area, and cyber cafe.

Venice Mayor John Holic said new developments like Treviso Grand are extremely needed.

“Not everybody that comes to Venice wants to buy a house,” Holic said. “Not everybody does, especially our younger retirees — it’s going to be perfect for them.”

Like Echo Lake, a property Milwaukee-based Zilber Ltd. developed in Lakewood Ranch, Treviso Grand offers one-, two-, and three-bedroom apartments.

One-bedroom, one-bath units come in three separate floor plans of 574, 701 and 723 square feet and lease for anywhere from $1,195 to $1,275 for the smallest units and up to $1,300 to $1,400 for the largest floor plans.

Two-bedroom, two-bath units come in two floor plans of 924 or 931 square feet and range from $1,475 to $1,600.

Three-bedroom, two-bath units are 1,252 square feet and rent for $1,705 to $1,780.

Garages and on-site storage units will also be available to rent.

All eight buildings are expected to be complete by November.

“I think it’s been really well received by our tenants and the community as a whole,” King said. “Lease-up has been going well, which is our best metric.

“There’s people here at the pool every day, there’s even people at the fitness center this afternoon.”

Treviso Grand is on 19.2 acres of a 50-acre Portofino property, owned by developer John Peshkin, who also owns the neighboring Toscana Isles planned unit development.

It is the first of two market-rate apartment complexes that have been targeted for the Laurel Road Corridor area of northeast Venice near Interstate 75.

It is just south of two of the area’s largest private employers — PGT Innovations and Tervis Tumbler — as well as the new hospital currently being built by Sarasota Memorial Health Care System.

The new hospital is west of I-75, on the southeast corner of the intersection of Laurel and Pinebrook roads. The 110-bed hospital could open by the end of 2021 or beginning of 2022.

A proposal for a 276-unit market rate apartment complex on Laurel Road just west of Plaza Venezia is under review by city development services staff.

On Executive Drive, which is off the Jacaranda Boulevard exit from I-75, an Orlando-based developer is building Venice Isles, a 324-unit apartment complex. That developer has previously said it hopes to tap into the employee pool of both Sarasota Memorial’s new hospital and a proposed hospital Venice Regional Bayfront Health hospital on East Venice Avenue.

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