Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the multifamily market, click here.)

LONGBOAT KEY, FL-This 114-year-old fishing-oriented town of 7,603 permanent residents on the Gulf of Mexico, already home to multimillion-dollar homes, is preparing to welcome still another high-priced community in La Firenza, a $12-million condominium venture being developed by the Orlando division of Phoenix-based Core Construction Co. The development site is about 90 miles southwest of Downtown Orlando.

Edward A. Storey II, Core’s Florida business development director, says the 10 homes will be sized from 3,521 sf of living space to 4,810 sf. A two-story waterfront community clubhouse and a security hut is also under construction for the fully gated complex.

Longboat Key, only 11 miles long, is located in southwest Florida’s Manatee County, just below Bradenton Beach and just above Sarasota. Area brokers tell GlobeSt.com Longboat Key has two distinctly different personalities. The south end has glamorous condominiums. The north end offers quaint, canal-front homes and low-rise waterfront condos. La Firenza is being built in the middle of the Key at 4131 Gulf of Mexico Dr.

Core’s Florida division posted $500 million in sales volume last year and was recently named General contractor of the Year by American Specialty contractors of Florida Inc., according to Storey. The firm also has Florida offices in Naples and Sarasota.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt. Multifamily Spring 2022 (Formerly APTS)Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.