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New Construction in Palmetto
Several active new residential communities are under construction or in development phases in Palmetto. Stonegate Preserve by Lennar is active with multi-phase single-family homes starting in the mid-$240,000s. Southpointe by M/I Homes is active with homes from around $270,000. The Cove at Terra Ceia by Meridian is in its final phase. Silverstone North by D.R. Horton remains active. Jackson Crossing by Highland Homes is in phase 2. The city has announced the Renaissance at Riverside mixed-use project at 320 10th Ave W, featuring luxury apartments, retail, and parking garage, with construction upcoming. Redevelopment of the old elementary school site at 702 10th Ave W into mixed-use with market-rate, affordable units, and retail is also coming soon.