Paseo Al Mar Blvd
Apollo Beach, FL 33572
Waterset Town Center · Land For Sale · 19.40 AC

The development opportunity is a 19.4 ± (net) acre site. Multiple parcels are available, see the attached OM for details. The site is slated to be the Town Center for the master planned community of Waterset, targeted development includes; boutique grocery, office, retail, dining, services, etc.. An adjacent multi-housing development site is available separately through Holliday Fenoglio Fowler, L.P. (“HFF”). The multi-housing site will include up to 31.1 gross acres, or 16.3+/- developable acres, and is entitled for up to 600 multi-housing units. As the only available site within the current phases of Waterset, and with virtually no other comparable product existing and only 600 units planned within a 10 mile radius, the site offers a rare opportunity to deliver new product in a high-demographic area starving for supply. The community of Waterset which is currently under-construction, has anticipated 6,500 residential units. As of the end of the 3rd Quarter, there are 152 homes under contract and 1,216 homes closed. The Property is situated between US 41 and Interstate 75, at the future extension of Apollo Beach Boulevard (Paseo Al Mar Boulevard). The site has great street visibility at the key local intersection at US 41 and Apollo Beach Boulevard. Upon the completion of Paseo Al Mar Boulevard, there will be approximately 44,400 vehicles per day at the intersection of US 41 and Apollo Beach Boulevard. The extension of Paseo Al Mar Boulevard will connect U.S. 41, over Interstate 75 to US 301. The connector will provide another thoroughfare for local residents. In addition to the residential traffic, the site will also benefit from the traffic associated with the Waterset Charter School that is located north of the property. This school will be home to 1,250 students with daily drop-off.