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