NewsYourobserverMay 20, 2026United States
After 20 Years of Delays, 'Lakeshore' Development Finally Breaks Ground
A long-stalled luxury development project in Lakewood Ranch has finally begun vertical construction as a 36-unit townhome complex after two decades of ownership changes, design revisions, and legal setbacks. The project, now branded as Lakeshore Townhomes, shifted from its original 2006 plan for luxury condominiums to townhomes following a land survey error that forced a redesign.
Read the full story at YourobserverWhy It Matters
The project's completion on Rodeo Drive marks the end of a 20-year development cycle that saw multiple ownership changes and over $1.5 million in additional expenses, now offering 36 new townhomes starting at $699,999.
Key Facts
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Who's Mentioned
otherLakeshore Townhomes“The current 36-unit townhome project under construction on Rodeo Drive.”locationLakewood Ranch“The community where the development is located.”personLarry Pearce“Former managing partner of Realco who previously owned the project plans.”organizationRealco“Original development firm involved in the 2006 project.”organizationDag Bros Development, LLC“The development company currently overseeing the construction.”personAdam Myara“Real estate agent marketing the Lakeshore project.”personFrank Dagostino“CEO and founder of Dag Bros Development, LLC, who purchased the property in 2020”organizationCasto“Original development firm involved in the 2006 project.”organizationThe Bullard Group“Purchased the project package in 2016 before selling it to Dagostino.”