Luxury Downtown Condominium Development
Sarasota, FL
This 5-story, luxury, multifamily investment is to be built in the heart of the Sarasota CBD on Fruitville Road. The road acts as a main gateway and thoroughfare to the downtown Sarasota market.
Project Information
- Proposed 34-unit, 100,000 GSF luxury condominium development
- Located steps from downtown Sarasota, with access to:
- Dining
- Theaters
- Art Galleries
- Payne Park
- Bayfront
Investment Highlights
- Prime site location; walking distance to downtown and located within the burgeoning Rosemary District
- Estimated completion: September 2024
- Population growth in Sarasota has more than doubled that of the US average over the past 10 years and is projected to increase that trajectory over the next 5 years
- Demand for luxury condominiums in this market is evidenced by strong sales figures from other projects in the area, as well as immense price growth of over 15% in the past year
- The small size of the project (34 units) will lend itself to a higher likelihood of success based on it not oversaturating the market
- Dynamic leisure and activity market
- Strong risk-adjusted returns and net project margin