Development

To download and receive the most recent information on Downtown Sarasota developments, please click here. Updated: September 8, 2016.

Project/Location Developer Construction Value Status Permit Issued?
1500 State Street

  • Proposed for 5,040 sq. ft. retail & 20 residential units.
  • State Street Partners SRQ LTD
$4.2m
  • City property recently sold.
  • Bldg. permit ready for pick up 8/10/16
No
Lemon Ave Pad Site

  • 4,310 sq. ft Retail / Restaurant
  • 4,310 sq. ft. office
  • State Street Partners SRQ LTD
N/A
  • Sale of City right-of-way closed June 6th
No
The Mark (formerly City Place at Pineapple Square)

  • 1400 State Street
  • Proposed 11 story bldg. w/35,000 sq. ft. retail
  • 11,000 sq. ft. office
  • 157 condominium units
  • Development agreement in place with City.
  • Kolter Group
  • N/A
  • Development agreement expires December 2020
  • Foundation Permit Applied for.
  • No
Dolphin Tower Dolphin Tower Condos 101 S Gulfstream Blvd

  • Structural Repairs
  • 117 Unit Condo
Dolphin Tower Condo Association $9,000,000
  • Individual units being renovated by contractors.
  • Temporary Certificates of Occupancy Issued
  • Some tenants have moved in.
Yes
The Jewel The Jewel 1301 Main St.

  • 18 story – residential condos/with retail
Main Street J Development

$19,468,259

$520,000

  • Building permit issued 4/3/14.
  • 4 tenant build out permits
Yes
Hotel Sarasota

  • 1255 N Palm Ave
  • Adjacent to Palm Ave. garage
  • 163 Rooms
  • 10,000 sq, ft, ballroom
  • Restaurant
Floridays Development Corp. $13,000,000
  • Foundation Permit issued 2/10/16.
  • Vertical permit issued 4/8/16
  • Under Construction
Yes
2nd Street Apartments

  • 1401-1445 2nd St.
  • 180 Apartments, 9 accessory guest units, 17,410 sq. ft. ground floor retail, 21,000 sq. ft. office space.
Carter Acquisitions LLC

$40,000,000

$120,000

  • Building permits issued 12/8/15
  • Under Construction
  • Pool Permit
Yes
Embassy Suites Embassy Suites & Spa 202 N Tamiami Trail

  • Approx. 180 rooms by JEBCO Ventures.
JEBCO Ventures $40,000,000
  • Building construction permit issued.
  • Under Construction
Yes
Vue

Vue / Westin

1 N. Tamaimi

  • 141 unit Residential tower.
  • 255 room Westin hotel.
  • 14,000 sq. ft. ballroom.
  • 2-jr. ballrooms @ 5-6k sq. ft. each.
Kolter Group $120,712,600
  • Under Construction
  • Completion Date: Westin = Fall 2016 Residences = Winter 2016
Yes
Quay_2 Quay – (Bayside)

  • City Development Agreement Allows up to 695 residences
  • 175 Hotel Rooms
  • 38,972 sq. ft. Office
  • 189 sq. ft. retail
GreenPointe Communities LLC N/A
  • Revised master plan and development agreement submitted
  • Planning Board 8/17 Commission 10/17 (scheduled)
No

Valencia at Rosemary Place (Renaissance Phase II)

601 Coconut

  • 32 lot townhomes at Coconut & Blvd of the Arts
Icon Real Estate Ventures $2,200,000 for 1st 12 units
  • Under Construction
Yes
Cityside

  • Blvd of the Arts between Cocoanut & Florida Ave
  • 489 residential apartments
  • 228 Units in Phase 1
  • 261 Units in Phase 2
Rosalyn Holdings LLC $25,700,000 for phase 1
  • Phase 1 under construction
Yes
Vanguard Lofts Vanguard Lofts 1343 4th Street

  • 6 Residential Townhomes
Tetra Terra Development $2,400,000
  • Under Construction
Yes

Rosemary Square

1440 Blvd of the Arts / 1430 Blvd of the Arts / 550 Central Ave

  • 39 Residential Apartments
  • 30,000 SF retail & office; 4 buildings

Rosemary Square LLC

Property Sold by the City Nov 2, 2015

$20,000,000 includes $3,500,000 for Bldg. 1 & $2.7m for Bldg.2 & Bldg.3  

  • Bldg. 1 (1140 BOA) under construction.
  • Bldg. 2 (550 Central) & 3 foundation permits issued 6/3/16
Yes
Risdon Risdon on 5th 1350 5th St.

  • 22 Residential Condos & 6 offices
  • 7,000 sq ft office or retail commercial in 6 ground floor units
Steven Bradley $6,000,000
  • Building Permit issued 7/11/16
No

The Sarasota Modern

1242 Blvd of the Arts

  • 5-story 81 room hotel
Cocoanut Arts LLC $17,000,000
  • Permit applied for 7/24/16
No
Florida Studio Theatre 751 Cohen Way

  • 5 residential dwelling units for performers
Florida Studio Theatre $1,000,000
  • Planning board scheduled 9/14/16
No
BOTA Center

  • 1570 Blvd of the Arts
  • 19,900 Sq.Ft. Commercial
Howard Davis $850,000
  • Interior & Exterior renovation permit applied for April 1st.
  • Historic Preservation designation approved 9/6/16 Commission
No

Elan Rosemary

710 N Lemon Ave

  • 286 Residential apartments
Greystar GB II, LLC $33,677,600
  • Demolition completed
  • Foundation permit issued 4/21/16
Yes

Citrus Square Phase II & Phase III

504 N Orange Ave. (Phase II / 8 Residential Condos.

  • 555 N Orange Ave (Phase III / 10 residential condos
  • Over 4,200 Sq.Ft. commercial
MBFC LLC

$1,943,250 for Phase II foundation.

$2,539,125

  • Foundation permit for Phase II issued
  • Phase III foundation permit applied for
No
1515 Fruitville 1515 Fruitville Rd.

  • Retail Center w/6 First Class Retail Spaces
  • 15,058 sq. ft. Total Retail
KGJ Properties Management LLC $847,500
  • Under Construction
Yes
flats Urban Flats (formerly Sarasota Flats)

  • 1401 Fruitville Rd
  • 228 Residential Units
  • 3,000 Sq. Ft. Retail
Framework Group, LLC $30,000,000
  • Alley vacation approved.
  • Under Construction
Yes
Q “Q” 1705 Ringling Blvd.

  • 41 residential building townhomes 7 buildings.
JEBCO Ventures $8,437,839
  • All phases are under construction
  • Certificates of occupancy issued for 27 units
Yes
5 School Ave. Townhomes

  • 41 School Ave
  • 4 buildings with 37 residential dwelling units
  • Averaging 2100 sq. ft. each
  • Bldg.3 = 7 residential units
  • Bldg 4 = 7 residential units
Icon Residential

$2,126,675

$1,579,200

$673,000

  • City Commission approved vacating right-of-way May 16th
  • Bldg. permit applied for
  • 3rd permit sitework applied for.
No
2101 Main Street

  • 2-story building
  • 3,370 sq. ft. Retail/Rest.
  • 3,370 Office
The Schimberg Group $760,000
  • Permit applied for (foundation only)
No
centerplex Centerplex

  • 1936 Ringling Blvd. at Golf St.
  • 4-story office building
  • 28,660 sq ft Commercial
Mark Kauffman $5,000,000
  • Building Permit issued 7/12/16
No
Sansara Sansara 300 S. Pineapple

  • 17 Residential Units
  • 2632 SF Ground Floor Commercial
MK Equity Corp. $11,000,000
  • Under Construction
Yes
Alderman

Azure on Palm

711 S Palm Ave.

  • 15 Residential dwelling units plus 2 guest suites (no kitchens) in a 5-story building
Thirty-Four-Seventy-Five LLC $9,465,000
  • Applied for Building Permit 12/30/15
  • No response to staff comments
No
Gulfstream Echelon 624 S. Palm Ave. (formerly 621 Gulfstream Ave.)

  • 17 residential dwelling units in an 18-story building.
The Ronto Group $20,000,000  

  • Bldg. Permit issued 11/9/15.
Yes

Orange Club

635 S Orange Ave.

  • 3 separate buildings with 24 total residential dwelling units
  • 2 retail/office units that total 3,174 Sq. Ft. combined
Vandyk USA $8,799,500
  • Bldg 2 permit ready to be picked up.
  • Buildings 1 & 3 permits issued
  • Easement vacation approved by City Commission
Yes
BobsPlace Vengroff Village 2211 Fruitville Rd.

  • 393 Residential Apartments
  • A portion of this project falls within the Downtown CRA boundary.
S.S. Sasquatch N/A
  • Comp. Plan change approved by City Commission May 16th.
  • Applications for rezone, site plan and street vacation could then be submitted 31 days after adoption. These applications typically take 4-6 months (involves community workshop, Development Review Committee appearance(s), Planning Board then City Commission approvals.

Enclave at Laurel Park

1938 Laurel St.;

  • 17 Single-Family & Attached
 $1,200,000
  • Comprehensive plan change approved on 4/18/16.
  • Site Plan, Rezone, Street Vacation, Subdivision, and Adjustments approved
  • Building permit applied 7/26/16 (1 bldg. of 4 units)

 

 No

Allure

111 Golden Gate Point

  • 10 Residential townhome units in 3 buildings
JEBCO Ventures $7,000,000 Bldg. Permit ready to be issued 6/24/16 No
609 Golden Gate Point

  • 8 Residential units in a 4 story building.
Golden Gate Point Ventures LLC n/a
  • Permit applied for 8/26/16
No

ONE88 Golden Gate Point

 

  • 8 Residential units
Vandyk Sarasota – Golden Gate Point LLC $8,641,611 Under Construction Yes

Aqua

280 Golden Gate Point

  • 8 Residential Units
280 Golden Gate Point, LLC $11,043,654 Under Construction Yes
Payne Park Plaza Payne Park Plaza 242 S Washington St.

  • 8,295 sq. ft. office
Mark Kauffman $1,500,000 COMPLETED CERTIFICATE OF OCCUPANCY ISSED
StateStreetGarage

State Street Garage w/Ground Floor Retail

1538 State St

  • 395 parking spaces
  • 13,873 sq. ft. retail condo under garage.
  • Included State Street sewer line and north side sidewalk improvements.

Garage = City of Sarasota

Ground Floor Retail = WMR Consulting

$11,379,459

N/A

GARAGE COMPLETED
  • Issued for Garage.
  • Issued for @6,873 sq ft Dimmitt Auto Salon
  • Application for adjacent @7,000 ground floor tenant space not yet submitted.
1564 1548/1560 Main Street

  • Demo & new construction for new retail.
  • Complete renovation for Oho Cali, Drunken Poet, Melange restaurants
Landhole LLC $1,010,000
  • Certificate of Occupancy issued for Evies & Pho Cali, Melange, and Drunken Poet
  • One space remains to be completed for Cask & Ale

Certificate of Occupancy issued for Evie’s, Pho Cali, Melange and Drunken Poet

One space remains to be completed for new tenant

One Palm Avenue

1 Palm Avenue

(Palm Ave at Ringling Blvd.)

  • 138 Hotel Rooms 139 Apts. /Restaurant & 6,000 sq. ft. restaurant & 2,175 Retail.
JWM Management $31,147,000
  • Certificate of Occupancy (CO) issued 5/18/16
  • Retail / restaurant to be constructed along Palm Ave.
Yes