More build-to-rent homes coming to Lakewood Ranch

Development for a new build-to-rent community in Lakewood Ranch will begin this April after New York-based Lafayette Real Estate acquired property there for the project.

Called Lorraine Crossings, the community will include 66 townhomes on 10 acres near Savanna at Lakewood Ranch, with an address of 3518 Lorraine Road, according to sister publication YourObserver.com. The project received approval from Manatee County commissioners in April 2024 when the land was owned by Windham Development.

Michigan-headquartered Windham Development sold the property off Lorraine Road to a subsidiary of Lafayette Real Estate for $3.43 million in January, according to Manatee County property records.