500-unit Lakewood Ranch apartment development begins leasing
By Ashley Gurbal Kritzer
Tampa Bay Business Journal
Published: Dec 13, 2023

A Lakewood Ranch apartment complex with more than 500 units is now leasing, and the entire property is slated to open by mid-2024.

The 502-unit Renata at Lakewood Ranch is part of the 33,000-acre master-planned Lakewood Ranch community in Bradenton. The first units will be delivered this month. The developers, a joint venture partnership of Ryan Cos., PGIM Real Estate and ParkSprings Development, did not disclose rental rates or concessions.

Renata at Lakewood Ranch is Ryan’s largest multifamily project in Florida to date.

“With the addition of new residential units at Renata, Ryan is addressing outsized demand for new housing options in the fast-growing Tampa Bay market, and we’re excited to welcome our first residents soon,” J.P. Bacariza, senior vice president and market leader at Ryan, said in a statement. “As we near completion of our Lakewood Ranch community and expand our multifamily portfolio in this region, we hope to fuel economic growth by generating new jobs and support for local businesses while also creating an elevated quality of life for residents and locals alike.”

The community broke ground in October 2022. It is one of the Tampa Bay Business Journal’s Best Real Estate Deals of 2023.

“Despite some of the challenges levied by the pandemic, Ryan, Park Springs Development and PGIM Real Estate were able to successfully navigate an evolving real estate landscape to bring much-needed housing to market,” Nat Linden, vice president of development at Ryan, said in a statement. “Renata’s impact will be multifaceted and will propel the overall growth of the Lakewood Ranch community.”