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New construction off the beaten path in Sarasota

by Roger Pettingell

Spurt in Rosemary District revitalizes area

New constructions in downtown Sarasota are filling needs

Valencia in the Rosemary District of Sarasota, Florida
Valencia - There are plenty of good opportunities here in the Rosemary District of downtown Sarasota.

Drive off the beaten path of Sarasota’s Tamiami Trail, and you will find an explosion of new condominium construction, revitalizing the downtown area. The Rosemary District has been neglected for years but is now in the middle of a growth spurt that will turn around this area. Its boundaries begin at Fruitville Road on the south, extends northward to 10th Street, then to the trail on the west and Orange Avenue on the east. The location is ideal with its close proximity to downtown shopping and dining. Take in a performance at the The Players Theatre or the Westcoast Black Theatre Troupe. Its history is as long as Sarasota itself, platted with the city in 1885.

Drive up Cocoanut Avenue and the large new building Cityside on the right looms in your line of sight at Boulevard of the Arts. In two phases 489 apartments will be completed and ready for rental soon. To the left at the intersection is Valencia at Rosemary Place. These luxury townhouses are expected to be completed this winter, with the Pamplona floor plan sold out by Icon Residential. However, there are plenty of available residences as the construction project continues to the north. Ten units of the Almeria floor plan along May Lane are offered with 2,099 square feet of living space, complete with a deck and garage. The Cordoba is slightly smaller and also has a garage with each residence. As bookends at each end of May Lane where 10 units of the Almeria floor plans will be built are the Madrid on the west and the Barcelona on the east at the Cocoanut Avenue intersection. Icon has other construction projects in Tampa Bay, Orlando and Atlanta.

When completed in the summer of 2017 there will be 22 new residences that are selling in the range of $350,000 to $900,000 at Risdon on 5th. Six remain unsold in this gated community. Award-winning architects Michael Halflants and John Pichette are planning a rooftop swimming pool with great views of downtown Sarasota. Halflants and Pichette are also the involved architects for Vanguard Lofts at 1343 Fourth Street. One residence of the six remains unsold and is a 2BR/2BA with two-car garage. It is listed for $799,000 with expected completion of this community in March of 2017.

Cityside
There will be 489 new apartments in the Rosemary District when all of Cityside is finished.

No discussion of new construction in Sarasota would be complete without mentioning The Vue at Gulfstream and Tamiami Trail. When completed in early 2017, there will be 141 residences in 18 stories that overlook the Sarasota skyline. Five properties are active in MLS as of this morning’s writing, which includes these two penthouses. Residence number 1802 is a three bedroom, three and one half bath property that includes three parking spaces listed at $3,399,000. Unit 1801 listed at $2,999,000 has four bedrooms, four and a half baths with two assigned parking spaces. Nearing completion, there is still time to purchase and add your finishing touches to the design.

If your wishes are to be on the barrier islands and want to move in soon, the Park Residences on Lido Key may be right for you. Three of the 18 residences here are still active listings. You are steps to the Gulf of Mexico white sand beach and bordered by 100 acres of nature preserve at Ted Sperling Park. All floor plans are sold with three bedrooms and three bathrooms. The famed St. Armands Circle is close and Sarasota is a short drive away over the Ringling Bridge.

The newly completed Aria at Villa am Meer and the contemporary Infinity communities have sold all of their properties on Longboat Key. However, there are many Longboat Key residences for sale that have been updated with modern finishes and available.

Last week I listed two homes and two residences for sale on Longboat Key. The luxury home at 5080 Gulf of Mexico Drive has five bedrooms, five full baths and three half baths. It is complete with infinity-edge pool and boat dockage. The home for sale at 1011 Longboat Club Road is a golfer’s paradise on Longboat Key Club’s Islandside golf course and is only one of seven custom homes there within walking distance to the beach. A short distance is my new listing at L'Ambiance Dr, #D906, also on Islanside golf course and overlooks the newly renourished Gulf beach at this elegant community. I have also listed a rarely available three bedroom walk-down to the beach residence at Beachplace, with its many fine amenities. Please contact me at (941) 387-1840 for an exclusive showing or if you have a property to sell or buy.

Address List Price Media Slideshow
5080 Gulf of Mexico Drive $6,990,000 Video Photo Slideshow
1011 Longboat Club Road $2,795,000 Video Photo Slideshow
415 L'Ambiance Dr, #D906 $2,600,000 Video Photo Slideshow
1055 Gulf of Mexico Dr. #106 $1,299,000   Photo Slideshow

 

Call us at (941) 387-1840 for an exclusive showing

 

Sarasota new community construction update

by Roger Pettingell

New communities in Sarasota move forward

Get in on the ground floor with new construction pricing

High end appliances in Azure on Palm
Azure on Palm - High end features and new construction pricing are attractive to buyers.

Our Azure on Palm new residence project is moving right along. This new project with Seaward Development is in a prime location at 711 South Palm Ave. Stop into the sales pavilion on-site for a virtual tour of the new residences that live like single-family homes. Best of all, it is downtown within walking distance to many fine restaurants, shopping and festivities of Sarasota. The gallery is open 7 days a week, call (941) 677-3278 for daily hours and more information.

Seaward Development completed construction of Park Residences. Live in luxury style on the Lido Key shores, some choice units still remain. There are four different floor plans and 18 residences within walking distance to the Gulf of Mexico, St. Armands Circle, South Lido Park and Ted Sperling kayak launch. Each unit is 2,458 square feet under air and the penthouses include a 2,250 square foot rooftop terrace.

Since my last report on new construction some communities have begun moving residents in, others are moving along and at least two new communities are requesting permits to build. And that is just in the area within the Downtown Community Redevelopment Authority (CRA), which is approximately one square mile in downtown Sarasota. Construction is brisk to fill the inventory void. Officially announced just last week was a new project, The Mark, with 157 residences at State Street and Pineapple Avenue. The most recent CRA report is available here.

The Vue is looming over the city skyline, on target for 255 hotel rooms when completed this fall as a Westin, and 141 residences when completed in the upcoming winter. The 18 story Jewel at 1301 Main Street is near completion. There are 19 residences and 6,900 square feet of commercial real estate in this new downtown Sarasota building. The “Q” at 1750 Ringling Boulevard has received a certificate of occupancy for 20 units of its planned 41 in seven buildings.

Majestic Bay and Aqua on Golden Gate Point
Completed in 2004, there is one residence for sale at Majestic Bay on the left. Aqua is nearing completion and has two active listings on Golden Gate Point.

Golden Gate Point falls outside of the CRA but is in the downtown area. The peninsula is in a great location overlooking the Ringling Bridge on the west side, and downtown by Marina Jack on the east side. There is plenty of new construction there including the recently completed ONE88 community with three of its eight residences remaining for sale. Just down the road from ONE88 is new construction, Aqua, with eight residences. Two remain unsold, a third-floor unit with 5,658 square feet under air and an 884 square foot terrace. A second residence on the second floor has 3,425 square feet of living space with three bedrooms and four baths.

Longboat Key also has its share of new construction. The Aria community at 2251 Gulf of Mexico Drive is nearing completion, and owners are anticipating their move-in this month. Built on five acres of the historic Villa am Meer property, the original 1935 home was restored as a highlight in this community on the Gulf of Mexico shores.

Further north at 4765 Gulf of Mexico Drive, the Infinity will be completed soon with 11 residences in four stories on the grounds of the former Holiday Inn Beach Resort. Each unit will be finished with smart home technology by Wicked Smart Homes.

Please contact me at (941) 387-1840 if you would like to arrange for an exclusive showing of these communities. I can provide a free evaluation of your home if you have one to sell. I have one new listing last week, a contemporary home at 213 North Washington Drive within a short walking distance to St. Armands Circle. Also completed is a three-dimensional walkthrough of this hidden gem. Explore the three stories of this home from your computer or smartphone as though you are walking through the home on tour.

Address List Price Media Slideshow
213 North Washington Dr $1,799,000 Video 3D Walkthrough

 

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Roger Pettingell?

Experience

  • Over 33 years as a top producing REALTOR® on Longboat Key and in Sarasota.

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  • Number 1 single Coldwell Banker agent in all of Florida for 2008, 2010, 2012, 2013, 2014, 2015, 2016 and 2017
  • Number 1 Realtor on Longboat Key and Bird Key for 2008, 2010, 2012, 2013, 2014, 2015, 2016, 2017 and 2018
  • Number 1 Realtor for all Sarasota in 2008, 2010, 2012, 2013, 2014, 2015, 2016, 2017 and 2018
  • Coldwell Banker Society of Excellence award in 2013, 2014 and 2016
  • Ranked among the top 250 agents in the country for 2014, 2016 and 2017 by REAL Trends as reported in the Wall Street Journal.

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About Roger Pettingell

Roger Pettingell of Coldwell Banker Residential Real Estate is your Longboat Key, Florida Luxury Real Estate Specialist. Roger provides his real estate expertise to sellers, investors, developers, and buyers in the Sarasota area including Anna Maria, Bird Key, Bradenton Beach, Casey Key, Cortez, Grand Bay, Holmes Beach, Longboat Key, Marina Bay, Osprey and Siesta Key. Search for homes, luxury homes, condominiums, investment property, development property, and vacant land and lots on the Longboat Key, Florida and the surrounding area.