In 2019 Pasco new construction exceeded $1.6 billion dollars and more than 52,000 building permits were issued. With residential permitting up 21% and commercial activity is up 7% of construction sites are all over.
Pasco: Something New on State Road 52.
Less than a mile east of I75 on SR 52, Medley at Mirada is getting ready for their grand unveiling. It’s true they have sales offices open and its true that they are already building homes on the site. But, they are in process of just starting the build on a 5,000 home residence community. In addition to a very striking landscape design system.
Metro Lagoon is planned. Offering more than a ten acre Lagoon the developers of Mirada are really offering coastal living inland. The old adage “ they’re not adding waterfront anymore“ is no longer true. Mirada will have villas and a wide range of residences as well as Over 55.
Big changes will occur on this east of I-75 section on SR 52 while new development is planned for the western side of I-75. One of our favorite villages will certainly change and downtown San Antonio will certainly expand to serve their new neighbors. Dade City will no longer be so “very far away.” A ten minute drive will get you to the center of town.
A large part of our business has always been helping our customers build their new home. As a general contractor in Boston, Sheena has helped numerous families get the best possible value from the builders as well as helping with all the Design Center decisions that challenge every new home buyer.
There are more than 15 builders working in Wesley Chapel, Land O Lakes, San Antonio, Odessa, and Trinity. We can help help you pick the one that will meet your requirements. Give us a call or email.
Tampa to the left...Ocala to the right...Central Pasco straight ahead.
Pasco County $44 Million Dollar Sports Complex
Pasco Growth Acceleration
Pasco Growth
Continued Growth for Pasco County
The SR 54 / 56 Corridor continues to expand. With the opening of the SR 56 highway, the Corridor is 25 miles long and is the first time there is a four lane road system extending almost the full width of Pasco County.
Along this Corridor are more than 15 new residential communities under construction, more than 160 cafe/restaurants, expansion of elementary and secondary schools and an expected population growth in excess of 20%.
Pasco Property Taxes Increase
Property values are going up which is the good news. But, because the property values are going up, the there will be higher tax bills to pay. However, the Florida Save Our Homes Program will limit the total tax increase to 2.7%. The County’s budget director calculates that the average annual property value increased by 9% in assessed value.
Pasco Tax Increase
Property values are going up.
SR 56 Extends to Highway 301
State Road 56 extension is open. This is the first east/west four lane road running from US 301 in the East to Highway 19 in the west. The project took three and half years at a cost of $60 million. The extension is six miles long with intersections at Highway 301 and Morris Bridge Road.
Finished and open
SR56 to US 301
Avalon Park West
Avalon Park West continues development. Located seven miles east off Highway 75 on SR 54. Avalon Park West is planned to be 1,650 acre master planned community with 4,400 single family homes and 10,000 residents. Included in the project will be new schools and a 130,000 square foot mixed commercial development also accommodating rental apartments. Starting prices for the regental community is $200,000.
Tour De France
When we lived in Geneva, Switzerland we had the chance to watch the Tour De France riders whiz by us going over and through the mountains. The Tour is 23 days long and there are four days before the finish in Paris this coming Sunday. There are more than 200 riders seeking to win the Tour which is the most prestigious bicycle competition in the world.
While you might not be an ardent cyclist we recommend you spend a few minutes tuned into the NBC Sports channel. The Tour aerial drone coverage provides the best view of the French countryside you can possibly see. The Tour goes through small villages and high mountain passes and the viewers from all over the world can see, the beauty of the French countryside. The grand finale is Sunday so you have a few days to check the Tour out.
And, if you're interested in moving to France or anywhere in the world or anywhere in the USA please let us know. Dennis Realty is a member of the Leading Real Estate Companies in the World. This affiliation gives us direct access to the top producers and property experts all over the world - so we can help you find a home in Nome or the Netherlands, Minneapolis or Madeira, Tampa or Turkey.
And if you have friends or family re-locating to Tampa Bay please know we are relocation experts. We have been relocated personally and we have managed it professionally. We can help and we can call on Real Estate resources all over the world.
Check the Tour out (NBCS). You will be able to see the French countryside in all its glory.
Roadwork = Opportunity
State Road 54 and SR 56
This was a sleepy little road with a big left hand return that took all travelers along another sleepy little road called Old Tampa Road. This was the most direct way to get from Central Pasco to Highway 75/275. Of course, when you went under the 75/275 underpass you were at the northern point of Bruce B Downs … and nothing was happening there either.
Now, the 54/56 Intersection is the gateway to the highway, to the Premium Outlets, the Cypress Creek Town Center, and in the Northwest quadrant construction is under way for a WaWa to serve the big rental apartment complex and the recently opened Wendy’s.
All in all, at this intersection, you will have more than 25 restaurants, coffee shops and smoothie bars to satisfy your hunger and slake your thirst. Add with high volume of traffic new diverging diamond configuration will be built and is under way now. This FDOT youtube video is informative.
Increased Property Values and Stable Property Taxes
The Pasco County Tax Rate is expected to remain the same in 2020 as new development continues to expand the county’s tax base. The county is projecting a 9.5% increase in assessed value. The Pasco Mil Rate is the lowest off the three TampaBay Counties.
More Roadworks
Old State Road 54 Project is 4.5 mile Road widening from Wesley Chapel to Zephyrhills which is scheduled for completion in the summer of 2021. The project is designed to reduce congestion between Curley Road and Morris Bridge Road.
The SR 56 extension from Meadow Point Boulevard to US 301 is scheduled for completion this fall. The Intersections at Morris Bridge Road and 301 will also be adjusted to ease traffic flow at these two busy intersections. The $59.2 million dollar project will be six miles long and will have a multi-purpose trail for bicycle, rollerblade and pedestrian use.
Growth Spells Opportunity
Wesley Chapel and Land O’Lakes are two of the fastest growing communities in the State with new employment opportunities: a continually improving infrastructure, new schools (at all levels), several private schools, and a rich array of builders with new home plans set to satisfy everyone.
If you are moving to our area let us know. We can help you find the builder and the community right for you, your family and your budget.
Central Pasco Business Development
A Central Pasco Business Development Proposal
A proposal for a 24 million-square-foot corporate business park, plus residential and other components in Central Pasco is a step closer to reality. The proposed development, dubbed Project Arthur, will be located on 6,951 acres — east of the Suncoast Parkway, west of the CSX rail line and south of State Road 52.
In addition to the massive office park, there would be 11,495 residences and other supportive uses, under the proposal. A key element of the Plan is a 24 million square foot Corporate Business Park which would add significant employment opportunities to Pasco, Hernando and Citrus counties.
Pasco Infrastructure Budgets Double
Pasco County is projecting a 9.5 perfect increase in assessed value. This increase will allow the County to double our infrastructure budget without raising taxes. Pasco County has routinely invested $21 million dollars annually in infrastructure development and improvement. The County has now approved an annual budget increase to $45.5 million. This includes new or improved fire stations, an expanded Detention Center, Branch Library Improvement, District Parks and Parks and Recreation projects.
Welcome to the Sports Coast
Pasco County’s Tourism Office has re-branded our county. Effective immediately Pasco is now FLORIDA’S SPORTS COAST. Last Year Pasco County had 957,000 visitors who contributed $615 million to our local economy. More than one million hotel room nights were purchased. Anchoring our claim to be a sports Mecca is the Advent Health’s Center Ice ice rink which is the largest skating facility in the entire Southeast of the country and the Wiregrass Sports Complex which is under construction.
Sports Coast
Wiregrass Ranch Sports Complex
An important part of Pasco”s position as the Florida Sports Coast is the Wiregrass Ranch Sports Complex located just beyond The Wiregrass Shops. The Complex has a $44 Million budget sitting on a 224 acre parcel of land. The design calls for a multi-purpose sports complex anchored by a 98,000 square foot all purpose building which can host all the indoor sports including volleyball, basketball and other indoor events including cheer leading and gymnastics.
Cypress Creek Town Center Continues to Expand
Across the street from the Premium Outlets at SR56 and Highway 75/275 is Cypress Creek Town Center. New stores opening include Five Below, Burlington, HomeGoods and diners have an increasing selection including Chipotle Mexican Grill, Fast Fire D Blaze Pizza, Pollo Tropical, Wendy’s, Ford Garage, Mellow Mushroom, Sweet Tea Cafe, Chuy’s Tex Mex, and Bahama Breeze.
Women’s Sports Museum
Check it out.It is on the second floor of the Center Ice Building which is at the Northeast corner of SR 56 and Highway 75/275.
Much more planned for Central Pasco and beyond. Please give us call and ask question and let us help you find your dream home here in Pasco, Hernando, or the Tampa Bay Area. Click Here to Search Multiple Listing Service (MLS).
