Projects with updated completion dates

These communities are shaping the new skyline of downtown Sarasota

Ritz-Carlton in downtown Sarasota
The Grande - This view from the Hyatt Regency shows the Grande with the current Ritz-Carlton next door.

Downtown development is progressing well. Seemingly one story of construction is unfolding before our eyes each week at the Grande and the BLVD in downtown Sarasota. They are on Tamiami Trail in the most visible area of downtown. The landscape of the Sarasota skyline is changing.

These are the numbers. There are 21 projects under construction citywide and seven have been completed. Of the 84 total construction projects citywide that are in proposal to completion status, 23 are residential and another 20 are mixed-use properties that will support residences and commercial offices or retail stores.

According to a Q1 2019 report by the Economic Development Office, that breaks down to 1,331 residential units in development, 517 under construction and 12 completed for a total of 1,860. That is a lot of inventory for you to review if looking downtown for a great place to settle in Sarasota. The price ranges also from a penthouse suite in the new Grande, the Ritz-Carlton expansion in the development of the old Quay, to more modest residences in the Enclave at Laurel Park. Here are three prominent development sites downtown.

Ritz-Carlton in downtown Sarasota
The Grande - The view from the current Ritz-Carlton

The Grande is one of the first developments in the Quay, poised to make a statement in the world of real estate. Its connection to the Ritz-Carlton by ownership and an eventual physical elevated bridge link will provide its owners with luxury pleasures that Ritz owners come to expect. It is a mixed use development with 72 residences, restaurants and parking garage space for 159 cars, enough for two parking spots for every home owner. Select from a choice of seven floor plans, from a two-bedroom, 3,197 square-foot Plaza 301 plan to the Worthington with four bedrooms and 4,855 square feet of living space.

I have one of the penthouses pending, there is a second one active listed for $6.2 million with four bedrooms, five full baths and a spacious 4,855 square feet of living space. But there are seven other residences available from the fourth floor to the 16th floor of the 18-story building. The views are spectacular of the Sarasota Bay and the amenities are first-rate Ritz-Carlton class. That includes concierge services, a roof-top infinity pool and a state of the art fitness center. The Grande is also marketed as Block 6 of the Quay and Quay Commons. If your plans are for a late 2020 occupancy, the Grande is one of your best options in luxury ownership.

BLVD in downtown Sarasota
BLVD - This 37 residence pet-friendly community is expected to be completed early in 2020.

Across Tamiami Trail and up a couple of blocks, the BLVD Sarasota (aka Boulevard Sarasota) is rapidly approaching its 18-story finished structure. It is also a mixed-use development of residences with a Beach Bistro restaurant and space for retail shops or offices. It is expected to be completed early next year. The BLVD has some unique features not available in other developments. For the golfer, there is a simulator with over 80 courses to play. This is a pet-friendly community with its own pet salon and fifth-floor dog park. Add to that that such amenities as the roof-top infinity pool, outdoor kitchen and fire pits. Its Peloton enhanced fitness center is state of the art.

These three-bedroom residences have floor plans of B, L, V and D, which should be easy to remember. The B plan has a spacious wraparound terrace of 1,700 square feet and 3,630 square feet of living space. The largest floor plan is L, at 3,900 square feet under air. The V and D plans have 3,700 square feet and 3,550 square feet respectively with the blvD plan under construction with a wraparound terrace of 1,530 square feet. There are three active sales of the 37 residences at BLVD.

The Mark in downtown Sarasota
The Mark - This structure is nearing completion in downtown Sarasota with Main Street in the foreground

Off the water a couple blocks in the heart of downtown is The Mark with 157 residences in an 11 story community development. There are multiple floor plans associated to the Plaza, Edge and Landmark 5 residences. Near Main Street and Pineapple Avenue on State Street, this dream location is near everything great that Sarasota has to offer including its restaurants, art galleries, shopping and entertainment venues. Surrounding the lap pool are private cabanas and fire pit lounge area. The 13 penthouses are under contract. This project is nearing completion and has just one active listing in MLS at $925,000, a fifth-floor residence #516. There may be others available, call our office at (941) 387-1840 for a full list or if you have a property to sell or buy. I will be updating the New Construction page of our website this week that has a comprehensive list of projects.

There is a significant update on the Colony development of Longboat Key. In the last couple of weeks the court has decided that it will allow Unicorp Development Co. to submit plans for the dissolution of the Colony Association of Unit Owners, one of the final hurdles to proceed with developing the 17.3 acre site where the famous Colony Beach and Tennis Resort once stood. A final court decision is expected in April of 2020. Plans call for 78 luxury residences and a hotel with 166 rooms operated by St. Regis Hotel and Residences, including luxury services for its guests.

 

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