Plans are starting to fall into place for Quay Sarasota! GreenPointe Developers, and real estate investment firm Cross Lake Partners have laid out a vision for the 14-acre waterfront district at the end of Fruitville Road in Downtown Sarasota. Luxury residences, upscale retail, boutique hotel, state-of-the-art office space bordering the bay, and now builders, Lennar Multifamily Communities (LMC) and Kolter Urban, are committed to bringing part of the vision to life. In a news release shared by the Quay Sarasota, these builders, collectively, closed on nearly 3 acres of land and have announced plans for a luxury condominium and a luxury high-rise apartment complex. “We are pleased to achieve this milestone at Quay Sarasota,” Ed Burr, president and CEO of GreenPointe Holdings, said of the closings with Lennar and Kolter.
Lennar Multifamily Communities (LMC) acquired 1.65 acres to build its first apartment community in the Sarasota market. The 12-story project will have 240 luxury multifamily units with over 13,000 square feet of retail space on the ground floor. Amenities in the community will feature a top-floor wine lounge, catering kitchen, cybercafe, resident lounge, golf simulator, business center, meeting rooms and a fitness center. Residents will also be able to enjoy the resort-style swimming pool, outdoor cabanas with a bar and grill, dog park and bike repair shop. Lennar is setting out to begin construction in May 2021, and estimates its first units will be finished in September 2023. LMC has designed and built multifamily developments all over the county, with 5 projects in Miami and 1 in Orlando. “Our community will be the premier rental destination at the Sarasota waterfront,” said McCarley Davis, LMC’s city president for Florida. “Once completed, LMC’s Sarasota development will be one of the most unique and sought-after rental communities on Florida’s West Coast.
Kolter Urban officially owns 1.15 acres at the Quay and has already begun advertising units for sale in their project; Bayso Sarasota. The 18-level condominium project will consist of 149 luxury residences with 11 floor plans to choose from, options that include two or three bedrooms plus den layouts ranging from 2,500 to 4,000 square feet. Pricing starts in the low $800,000’s. Construction is tentatively scheduled for the second quarter of 2021, with completion expected in fall 2023. “Bayso residents will enjoy living in a vibrant waterfront district with the best dining, entertainment and the arts lifestyle that Sarasota has to offer,” said Brian Van Slyke, regional vice president of Kolter Urban. Amenities in Bayso will include an elevated resort-style pool and spa deck with cabanas, entertainment areas and an outdoor kitchen, a fitness center, a personal training/flex studio and a residents’ club room with catering kitchen and club bar as well as lobby staff providing concierge services to residents. Kolter Urban is also developing The Ritz-Carlton Residences adjacent to Bayso, with completion projected for later this year.