Latest Bradenton Beach lane shift expected to last through March | Your Observer
The Bradenton Beach Sewer Improvement Project continues, with lane shifts scheduled for this week.
Starting March 18, both lanes of Gulf Drive South will be shifted west between 6th Street South and 8th Street South. The lane shift is expected to continue through late March or early April, according to a press release.
Also during this time, 7th Street South will be closed to traffic. There will be temporary parking on the west side of Gulf Drive South, as well as a free shuttle service for residents and guests of that street.
The $7.1 million project is funded by Manatee County, and will replace and relocate some of the gravity sewer system in South Bradenton Beach.
Construction for this project began in early 2023, and is anticipated to continue until late 2024, according to the project website.
Source: yourobserver.com
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New Gaza hospital raid sign of Hamas capabilities – BBC.com
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More Bradenton-area houses for sale, report says. How does that affect home prices?
In February, the Bradenton area’s existing single-family home market saw nearly 9% more sales than a year earlier, along with a 2% increase in the median price to $499,990.
For the month, 547 homes changed hands, up from 503 a year earlier, according to the Realtor Association of Sarasota and Manatee.
But at the same time, sales were taking longer: 57 days to contract, versus 39 days last year.
The trend to a more balanced market, favoring neither buyer nor seller, was more evident with 2,641 active listings, compared to 1,732 a year ago, a 52% increase.
“With increasing inventory, the real estate market is becoming more balanced for buyers and sellers. Rising median home prices and extended days on the market signal a healthier, stabilizing market, offering buyers and sellers ample time to negotiate,” Tony Barrett, the local Realtor Association president, and broker/owner of Barrett Realty, said in a news release.
Nationally the median existing-home sales price rose 5.7% from February 2023 to $384,500 this February.
“Additional housing supply is helping to satisfy market demand,” Lawrence Yun, chief economist for the National Association of Realtors, said in a news release.
“Housing demand has been on a steady rise due to population and job growth, though the actual timing of purchases will be determined by prevailing mortgage rates and wider inventory choices,” Yun said.
Bradenton-area townhouses and condos
Sales of condos and townhouses in the Bradenton area were flat in February with 196 units being sold, up only one from February of 2023, while the median price fell 5.5% to $349,494.
The median time to contract was 52 days, up 79% from 29 days a year ago.
Active listings were up a whopping 87 % to 1,469 units from 786 last year.
There was a 6.2-month supply of inventory, up from a 3.4-month supply last year.
Sarasota single-family home sales
Sarasota saw an 11% increase in the sales of existing single-family homes: 577 sold in February compared to 520 last year.
The median price rose 2.5% to $507,500.
The median time to contract was up 96% to 40 days.
For prospective buyers, the good news was that active listings increased 86% to 3,337, and the supply rose 79% to 5.2 months, compared to three-month supply a year ago.
Sarasota townhouses and condos
Although there were 9% fewer sales in February than a year ago — 270 versus 297 — the median price was up 1.2% to $389,750.
The time to contract was up sharply, 121%, taking 42 days in February, versus 19 days a year ago.
Active listings were up 128% to 2,119, compared to 929 a year ago.
There was also a 6.7-month supply of inventory, versus a 2.8-month supply a year ago.
Source: yahoo.com
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Lawmakers unveil $1.2 trillion government funding package ahead of shutdown deadline – CNN
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White House on Republican plan for Biden to testify on impeachment: ‘LOL’ – The Guardian US
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Trump Paid Lawyers More Than $5 Million Last Month—More Than The Cash He Has On Hand – Forbes
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Biden-Harris Administration Approves Additional $5.8 Billion in Student Debt Relief for 78,000 Public Service Workers | U.S – US Department of Education
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Trump frustrated as bond deadline nears and key bacteria identified in colon cancer cases: Morning Rundown – NBC News
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- What happens if Donald Trump can’t post $454M bond? FOX 5 New York
Road blocks exist to enforce Texas’ SB 4 immigration law – The Texas Tribune
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Popular steakhouse chain plans new Manatee County restaurant in growing Bradenton area
LongHorn Steakhouse, known for its western-themed steak offerings, hopes to wrangle a second Bradenton-area restaurant.
Paperwork filed with Manatee County Development Services this week indicates a free-standing LongHorn Steakhouse is planned for the northeast corner of Interstate 75 and State Road 64, home to Marketplace at Heritage Harbour.
Edgewood Properties’ leasing map for Marketplace shows a lease is pending for a 5,479-square-foot casual steakhouse fronting on State Road 64.
Among LongHorn’s offerings are Renegade Sirloin, starting at $16.29, and Outlaw Ribeye, starting at $32.39.
The first LongHorn Steakhouse in Manatee County opened in 2014 in the former Los Cabos Mexican Restaurant space at 4502 14th St. W., Bradenton.
Economic incentives from the 14th Street West Community Redevelopment Agency were used to help bring the chain to Manatee County, according to Bradenton Herald archives.
Another LongHorn Steakhouse coming to Manatee
“We’re really excited about it because LongHorn Steakhouse is a quality employer,” Karen Stewart, the county’s economic development program manager, said in 2013.
In 2019, Bradenton Herald readers listed LongHorn Steakhouse as their favorite steak chain in a Manatee Eats Facebook page survey.
Longhorn Steakhouse, whose motto is “Steak As It Was Meant To Be,” is one of the restaurant brands of the Orlando-based Darden Restaurants group, which operates more than 1,900 restaurants nationwide.
The first LongHorn Steakhouse opened in Atlanta on August 10, 1981.
Darden’s brands include Olive Garden, Yard House, Ruth’s Chris Steak House, Cheddar’s Scratch Kitchen, The Capital Grille, Seasons 52, Eddie V’s and Bahama Breeze.
Darden Brands did not immediately respond this week to a request for more information about its planned restaurant at Heritage Harbour.
Bradenton shopping center continues expansion
Marketplace at Heritage Harbour is anchored by Costco, which opened in 2019.
It’s also where a 150,000-square-foot Target store is planned.
Whole Foods recently confirmed that it, too, plans to open a store in Marketplace at Heritage Harbour. It would be the first Whole Foods store in Manatee County.
A Miller’s Ale House opened in Marketplace at Heritage Harbour in November 2023.
Source: ca.news.yahoo.com
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