Your Downtown Update: What's all that construction?

Sarasota certainly has not been idle in the months our seasonal visitors have been away. Let’s take a quick look at what you might have missed while you were gone.

While You were Gone…

A suite at Sarasota Modern

A suite at Sarasota Modern

…These projects have neared completion:

These long-awaited new construction projects are nearing completion, bringing a lot more options for renters and visitors!

  • Embassy Suites Hotel - 202 N. Tamiami Tr. Central Downtown

  • Arcos Apartments - 320 Central Ave. Rosemary District

  • Elan Rosemary Apartments - 710 N. Lemon Ave. Rosemary District

  • Sarasota Modern Hotel -1242 Blvd. of the Arts Rosemary District

A rendering of Courtyard at Citrus

A rendering of Courtyard at Citrus

…These buildings have begun construction:

A multitude of living options await us in the coming months! For the purposes of location, we’ve let you know what niche of downtown each of these are located.

  • Artisan on Main - 62. N. School Ave. East Downtown

  • The Boulevard (BLVD) - 500 N. Tamiami Tr. Central Downtown

  • Bold Lofts - 2nd St. Central Downtown

  • Courtyard at Citrus - 461 N. Orange Ave. Rosemary District

  • The Enclave at Laurel Park - 1425 Main St. Laurel Park

  • Laurel Townhomes - on Hudson Bayou Laurel Park

  • The Pearl - 609 Golden Gate Pt Golden Gate Point

  • 7 One One Palm - 711 S. Palm Ave. Palm Avenue Waterfront

  • The Ritz Carlton Residences - 1111 Ritz Carlton Ave. Bayfront North

  • The Mark - 100 S. Washington Central Downtown

…And these have stayed in or begun the development process:

Many of these have been a subject of our blogs (and conversation!) for months, but the shovel is not yet in the ground.

  • The Collection - 1335 2nd St. Rosemary District

  • TBA, 5-story condo - 1469 5th St. Rosemary District

  • 332 Cocoanut - 332 Cocoanut Ave. Rosemary District

  • TBA, condos - 680 Golden Gate Point Golden Gate Point

  • Courtyard at Citrus, phases 2 and 3 - 461 N. Orange Ave. Rosemary District

Rendering of The Strand

Rendering of The Strand

  • The Demarcay - 27. S. Palm Ave. Palm Avenue Waterfront

  • Epoch - 53 S. Palm Ave. Palm Avenue

  • Evolution - TBD Golden Gate Point

  • Quay Sarasota - North Bayfront

  • Payne Park Village - East Downtown

  • The Risdon - Rosemary District

A rendering of Zahrada

A rendering of Zahrada

  • The Strand - North Downtown

  • Vanguard Lofts - 1343 4th Street Rosemary District

  • Zahrada - TBD 4th Street Rosemary District

A rendering of DeMarcay

A rendering of DeMarcay

Is all the new construction a good or bad thing? Only time will tell. From a real estate perspective, the sheer volume of new options in the downtown area have begun to impact our current market, which has shifted to a buyer’s market slowly over the past few months. The influx of additional options in downtown housing started as a correction to many years of downright snail’s pace development in our area post-recession. As Sarasota grew in popularity over the last decade, construction didn’t really pick back up until 5-6 years in, so we did have some making up to do. We will have to wait and see how the changing skyline of our city impacts of overall market in the coming months and years.