Ground breaking at site of new home develpment

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MANATEE COUNTY, FL - A groundbreaking ceremony marks the beginning of new housing development near Lakewood Ranch.

Lennar Corp. plans to build 281 new homes at a site called "Bridgewater at Lakewood Ranch." The lots, which are located just south of S.R. 70,  will be filled with 3, 4, and 5 bedroom homes ranging from $300,000 and up.

ABC 7 Reporter John McQuiston will  have more on what the development means to the Suncoast real estate market, and economy.