Purchase of the prime location has closed, moving the condo development project forward in one of the most desired markets in not only Florida but the nation
SARASOTA, FL — March 2, 2022 — ERES Capital, LLC, the full-service private equity investment and development division of ERES Companies, announced a new condo development coming to downtown Sarasota, Florida. The land for the condominium project has closed and development plans are moving forward.
Located at 1351 Fruitville Road, Sarasota, Florida, the luxury condominiums will meet the rapidly growing housing demands of downtown Sarasota.
“We’ve opened a regional office in Sarasota for a reason,” says ERES Companies President and Co-Founder Tom Bradley. “The immense growth and opportunity in this market is staggering. This condo project not only answers a need but does so in one of the most desirable areas in the city.”
The condominium development project is situated in downtown Sarasota’s Rosemary District, a block off Tamiami Trail and less than a mile from Bayfront Drive and the John Ringling Causeway. The site is surrounded by numerous amenities including upscale hospitality options, restaurants, Whole Foods, the Sarasota Library, the Van Wezel Performing Arts Hall, and the Sarasota Opera House.
“We couldn’t have found a better location that bridges the gap from the progressive and burgeoning Rosemary District to an easily walkable, downtown Main Street” says ERES Capital Managing Director Dean Schmitt. “The views of downtown, city lights, Rosemary District and Sarasota Bay will all be captured from multiple perspectives within the building”.
For more information on the forthcoming development, contact Tom Bradley at +1 941.248.7235 or tom.bradley@erescompanies.com.
ABOUT ERES CAPITAL
ERES Capital, LLC, a division of ERES Companies (ERES), is a full-service real estate private equity investment and development platform operating in both domestic and international markets. Co-Headquartered in Denver, CO, New York, NY and Sarasota, FL, the group possesses a strong focus on fast-growing secondary and tertiary geographies and typically seeks unique, off-market opportunities across multifamily, hospitality, industrial and education verticals that can earn above average returns for investors. For more information, visit www.EREScapital.com