The Novus
The Largest Quadraplex in Florida
Palmetto, Florida
Brand New
Construction
Multifamily
July 2023
1,800 SF
4 Bed/2Bath
Per Unit
6
Minutes to Bradenton Area Convention Center
10
Minutes to Downtown Sarasota
Minutes to Downtown St. Petersburg
25
Executive Summary
No. Units
SF Per Unit
Building Size
Property Type
Property Subtype
Apartment Style
Lot Size
No. Stories
Year Built
No. Parking Spaces
4
1,800 SF
7,473 SF
Multifamily
Apartments
Low Rise
0.46 AC
2
2023
2 Per Unit
Nestled on a cul-de-sac and positioned at the corner of a residential street, The Quad, offers seamless access to major thoroughfares, making it an ideal and sought-after location for families, professionals, and travelers. This exceptional opportunity presents a diverse income stream for your investment portfolio, as it is strategically positioned at the edge of a main artery running South to Bradenton/Sarasota and North to the Skyway with direct access to Downtown St. Petersburg.
At the forefront of Palmetto's growth boom, CMS Construction is a pioneer in the new construction multifamily sector, embodying affordable investments and family-focused design. With an impressive track record of over 10 years in real estate development, CMS Construction proudly introduces the Novus Quad, set to become Florida's largest multi-family quadplex to date.
Property Overview
6 Minutes to Bradenton
10 Minutes to Sarasota
25 Minutes to DTSP
Palmetto, FL
Located between the bustling cities of Tampa and Sarasota, as well as the hidden gem of St. Petersburg, Palmetto offers a perfect blend of available land and nature alongside recent development. Its strategic location grants easy access to the vibrant city centers of St. Pete and Sarasota. Recent state and federal investments have shown a rising interest in the region, further enhancing Palmetto's growth potential. With Manatee County experiencing substantial growth at an impressive rate of nearly 33%, Palmetto is poised for sustainable and prosperous development. The seamless combination of urban progress and natural beauty makes it an enticing choice for investors and homebuyers looking to seize the region's flourishing opportunities.
Gilbane Building Company has officially commenced the Palmetto High School replacement project, a collaborative venture with the School District of Manatee County and Schenkel Shultz Architects. The $39 million-dollar project, funded from sales tax revenue, focuses on overall campus improvements, featuring the construction of a two-story building with a 60,000 SF addition for specialized classrooms in science, art, and business education, as well as a new 22,500 SF cafeteria building and an inviting administrative entry and public lobby area. The joint effort includes essential upgrades and renovations to the campus baseball stadium, such as new dugouts, a modern concession stand, lockers, restrooms, offices, and spacious bleachers for spectators.
2.7 miles from Quadraplex
The upcoming eight-story, 252-room Marriott near the Bradenton Area Convention Center, set to open in early 2024, promises more than just a hotel experience. This new destination will feature 10,000 square feet of retail space, facing an amphitheater with a stage accommodating 5,500 people. Additional retail space totaling 7,500 square feet is also planned, with potential anchor tenants like Italian and Asian restaurants, a drive-thru coffee shop, and a car showroom.
Moreover, the property will include 10,000 square feet of meeting space, a 50,000-gallon swimming pool, and a recording studio for special event coverage. Looking ahead, future plans involve a second hotel on the premises with 121 rooms. Additionally, a multi-million dollar private beach club for hotel guests is planned at the nearby Riviera Dunes property, featuring a golf putting course, a restaurant, and facilities for bocce ball and pickleball.
3.8 miles from Quadraplex
Sarasota Bradenton International Airport (SRQ) is embarking on an ambitious $73 million terminal expansion project, financed by federal, state, and airport authority funds. Set for completion in December 2024, the new terminal will cater to the growing demand and increased passenger traffic, offering 11 airlines serving 55 nonstop destinations. The 75,300 square feet expansion includes amenities such as a new bar, café, restaurant, and marketplace in the double-height connector hall. Travelers will also enjoy upgraded facilities, including men's, women's, and family restrooms, mother's nursing rooms, and pet relief areas. With a four-lane security checkpoint and five boarding hold rooms providing 970 seats, the development aims to enhance the passenger experience at SRQ.
15 miles from Quadraplex
Schools
According to Great Schools
Elementary
Palmetto Charter School
James Till Elementary
Virgil Mills Elementary School
Palm View K-8
Middle
Palmetto Charter School
Manatee School for the Arts
Palm View K-8
High School
Manatee School for the Arts
Palmetto High School
9/10
7/10
7/10
3/10
9/10
5/10
3/10
5/10
3/10
Palmetto High School replacement, a $39 million-dollar project.
Anticipated completion: Summer 2024.
