The Daily Dig
Milhaus has broken ground on Tallevast, a 231-unit multifamily project at 2750 Tallevast Road in Manatee County, just north of the Sarasota border. The development includes five three-story garden-style buildings with 12 studios, 108 one-bedroom units, 78 two-bedroom units, and 33 three-bedroom units, ranging from 617 to 1,357 square feet. Leasing opens in summer 2027, with full delivery targeted for November 2027.
The project is being delivered under Florida's Live Local Act, with roughly 92 units set aside for households earning up to 120% of area median income on a 30-year compliance basis. Marble Capital is contributing equity, BMO is providing construction financing, and FaverGray is the general contractor.
Amenities include a pool, fitness center with yoga space, clubhouse, co-working areas, pickleball courts, pet spa, bike storage, walking paths, EV charging, grilling areas, fire pits, and approximately 400 parking spaces. The site is about three miles from Sarasota-Bradenton International Airport, sitting in a corridor with industrial employment and access both north into Manatee and south into Sarasota.
Project Snapshot:
Owner / Developer: Milhaus
Equity Partner: Marble Capital
Lender: BMO
General Contractor: FaverGray
Sector: Multifamily (Workforce / Attainable Housing)
Location: 2750 Tallevast Road, Manatee County, Florida
Site Size: 10.8 acres
Scope: 231 units (12 studios, 108 one-bed, 78 two-bed, 33 three-bed)
Unit Size Range: 617 SF to 1,357 SF
Buildings: Five 3-story garden-style buildings
Parking: Approximately 400 spaces
Affordable Component: 92 units at 120% AMI (30-year requirement)
AMI Benchmarks (Manatee County, 2025 limits): Max rents $1,947 (studio), $2,086 (1-bed), $2,504 (2-bed), $2,891 (3-bed)
Timeline / Status: Construction underway; leasing summer 2027; delivery November 2027
TheJobWalk Thoughts
This deal is moving dirt in a market where rising vacancy and concession pressure have sidelined a lot of conventional multifamily starts. That policy structure gave the capital stack enough cover to get to closing when straight-market deals were stalling. For subs and suppliers, the more useful read is what the financing tells you about how the job will be run. Institutional equity paired with a bank construction loan on a workforce deal means the draw schedule and lien waiver process will be buttoned up.
FaverGray in the GC seat signals a project managed to a defined budget with limited room for change order upside. If you are pricing work in the Sarasota-Manatee corridor, the Live Local pipeline is worth watching because these projects are getting capitalized right now when market-rate deals are not.
Image courtesy of Milhaus Development
