SARASOTA, FLORIDA, December 7th, 2016 – Momentum continues to build up in the transformation of midtown Sarasota as yet more development projects, including a hotel and a townhouse, were recently announced in and around the Arlington Park area.
On 1425 South Tamiami Trail, a major makeover is slated for the Baymont Inn and Suites. This property was bought for $6.5 million in March, and its new owner, Daus Investments, announced that it is planning to convert the two-floor, 50-year old Baymont into a five-story Four Points by Sheraton.
South of this site on the west flank of East Avenue, between Hyde Park and Hillview Street, a townhouse project is on the drawing boards. A Sarasota contractor-developer, Leonard Meyer Jr., is behind this project which envisions a gated community with six buildings good for 24 townhouse units.
This planned townhouse and the hotel project appear in synch with recently announced expansion initiatives of the nearby Sarasota Memorial Hospital (SMH). Up to $4 million has been reported being earmarked for SMH’s development of a comprehensive care center on the hospital’s main campus off South Tamiami Trail. A 74,000-square-foot rehab center costing $46 million is also now under construction at this campus.
Meanwhile, Sarasota County is currently finalizing $2 million improvements in the facilities at Arlington Park. Some of the priorities already identified include: fitness center improvements; shelters for outdoor programs, meeting space, spray pad, and more parking spaces.
This park was established in 1979 and was erstwhile known as “Magic Park.” Later, it was appropriately renamed after the local neighborhood. The facilities it offers include a 50-meter lap pool, tennis and basketball, an indoor gym and a dog park which is also set for an upgrade.
At the Arlington Park residential neighborhood, a makeover of the housing stock is also humming along. Its circa 1950s small houses, though still the majority, are seeing newly built neighbors. Some builders are snapping up some of the old tear-downs to replace them with bigger two-story, custom-built homes.
The Vision Group is one of these builders bringing in newer choices of residences at Arlington Park. It has a pre-construction market placement in this neighborhood now listed amongst Sarasota homes for sale. Priced in the mid-$500s range, this custom home on South School Avenue features three bedrooms and two baths within a floor area of 2,000 square feet.
The custom builder has another pre-construction on Prospect Street at the Rustic Lodge subdivision of Arlington Park. This one is listed in the MLS of Sarasota homes for sale with a price tag in the high $400s, featuring three bedrooms and two baths plus a half bath within a floor area of 2,100 square feet.
The La Linda Terrace subdivision is another source of newer choices of Sarasota homes for sale at Arlington Park. Holding fort at the corridors of Arlington, Hawthorne, and Hillview Streets, this neighborhood also offers pre-construction homes priced in the $500s and the $600s. These are designed with floor plans of between 2,600 square feet and 3,050 square feet, featuring choices on four- or five-bedroom layouts.
In La Linda Terrace alone, recent turnover of Sarasota homes for sale has been relatively brisk. This pace that could pick up some more steam with the uptempo of real estate development in Arlington Park’s locality.
SARASOTA, FLORIDA, October 7, 2019 – Property values of communities in the Sarasota-Manatee region now face lesser threat from neighborhood eyesores brought about by abandoned, foreclosed homes. Known in the real estate trade as zombie foreclosures, these properties have shrunk significantly in the region. According to an August report of ATTOM Data Solutions, abandoned […] more>>