Harbour Isle on Anna Maria Sound is the new name for Minto Communities of Florida’s condominium project on Perico Island. The first phase, now under construction, is Mangrove Walk, said Minto vice president Mike Belmont.
Minto purchased the property in 2009 for $10 million from the St. Joe Co., which had planned a 686-unit condominium complex known as SevenShores.
Belmont said Mangrove Walk is the initial phase and each phase will have 96 units.
Belmont said the current construction plan calls for 48 two-story, three-unit buildings and will include a recreation center, pool, summer kitchens, amd a kayak launch and storage facility on the 36-acre interior lake.
Plans also call for a putting green, although Belmont said there are no plans for a golf course.
Belmont said the project is a condominium development, but units will have the look and “feel of a single-family floor plan.”
Construction of the second 48 units of Mangrove Walk will begin shortly, he said.
Mangrove Walk will offer five varied floor plans along with an option for a third-floor viewing tower. The architectural style will be “Southern coastal resort,” he said, with batten stucco and tile and metal roofs.
An information center is currently under construction and Belmont said the company hopes it can open by Thanksgiving. Harbour Isle could begin completing sales of Mangrove Walk units as early as January if construction proceeds on schedule and the condominium documents are issued by the state.
“We hope to be open for sales by mid-January.”
Prices will range from the low-$300,000 level to slightly more than $400,000, and the company will co-broke with area real estate agents.
A grand opening celebration is planned for February.
“We are targeting Feb. 1 for the model grand opening,” Belmont said. The event will be a major promotional event for the company and the Manatee-Sarasota area.
Minto presently has no plans to build structures higher than two- and three-story options, Belmont said.
Harbour Isle on Anna Maria Sound will be developed in phases, Belmont said. Construction of each phase will depend upon the success of the prior phase.
Belmont said there are presently no plans for any commercial space, a restaurant or convenience store, although the approved site-plan allows for those uses in a designated area. The site plan also allows Minto to rebuild the marina, which was demolished last year.
Minto has no current plans for a marina, Belmont said, but it’s probable that a new marina would be built as more phases become successful.
The site plan approved for Arvida’s SevenShores project by Bradenton calls for 686 condominiums on the 300-plus acre property. Buildings as high as 10 stories were approved in the site plan, which transferred to Minto when it purchased the property.