Renata at Lakewood Ranch

Completion Date: July 2024
Size: 650,000 SF, 502 Units
Location: Bradenton, FL
Type of Project: Multifamily
Ryan Responsibility: Development, Construction, Capital Markets

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Overview

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Renata at Lakewood Ranch, a transformative multifamily project by Ryan Companies, emerged as a solution to Lakewood Ranch’s housing shortage. Comprising 502 units and spanning 650,000 square feet, this multifamily development aimed to meet the growing demand for upscale living in one of the country’s best-selling communities; the development tackled challenges like material procurement and regulatory modifications with strategic planning. Integration across service lines showcased Ryan’s holistic approach.

Yellow Truck Creative crafted a unique brand, “Renata,” reflecting community and renewal. Development and construction collaborated seamlessly, with Ryan A+E’s early concepts and VDC’s meticulous drawing reviews ensuring a smooth execution. The project marked Ryan’s inaugural Southeast Region multifamily and wood frame venture.

Capital Markets’ early engagement secured equity from PGIM and debt from Wells Fargo, overcoming market uncertainties through strong relationships. The integrated approach resulted in property ownership with PGIM and plans for sale at stabilization. Negotiating joint venture terms and successful debt closure emphasized the collective expertise across service lines. Renata at Lakewood Ranch stands as a testament to Ryan’s ability to integrate development, construction, branding, and capital solutions, delivering a vibrant, community-focused living space in one of the nation’s top-selling areas.

AWARDS

Best Real Estate Deals, Multifamily, 2023

Tampa Bay Business Journal

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Multifamily Development Construction Capital Markets