SARASOTA, FLORIDA, February 13th 2017 – Property owners and developers in Sarasota’s Rosemary District are poised to tackle priorities in revitalizing their locality this year in advance of new residents expected to start moving in the neighborhood soon.
The discussions expected to move forward this year include addressing the need for parking management with the influx of new residents, improving downtown connectivity, and streetscapes. A neighborhood park, which Rosemary doesn’t have yet, is another priority need that has been identified for resolution in 2017.
There are over 1,000 residential units either on the drawing boards or nearing completion in the district as of the 2016 third quarter. Amongst these are some fine residential choices already listed in the MLS of Sarasota condos for sale. Further underscoring the urgency of refining the directions of the ongoing Rosemary building boom, two more residential projects were added to the dozen-or-so property developments set earlier in this neighborhood.
The bigger of these two is The Boulevard Sarasota, an 18-story mixed-use condominium planned for 51 residential units, 8,300 square feet of retail/office space, and 8,000 square feet of restaurant space. This project is planned on a site of over an acre on the western edge of Rosemary District bounded by N. Tamiami Trail, Boulevard of the Arts and Fifth Street.
The Boulevard condos’ price points will range between $1.5 million and $5 million. Marketing for this project is expected to start in March, with groundbreaking scheduled for September. The construction phase is projected at 18 to 20 months, placing its target completion date in the 2019 second quarter.
The Boulevard of Sarasota is a project of Core Development Inc. which developed the Ritz-Carlton Sarasota. This new project sits just a block south of the existing condominium Renaissance 1 and north of the Quay, a larger mixed development at the northern downtown bayfront which got final city approval in December.
The other recently announced project in Rosemary District is the Zahrada which is planned for six large, three-story townhouses. The ground floor of the townhouse building is planned for 5,150 square feet of restaurant/retail space.
Each townhouse will feature two bedrooms and have its own plunge pool, a two-car garage and outdoor kitchen. All will have their own private elevated landscaped courtyard plus a detached guest suite in one its ends. Zharada’s site is at 1542 4th Street just across south of another new project in the neighborhood—The Courtyard at Citrus which is slated for completion this year.
Also a mixed-use condominium project, this property on 505 North Orange Avenue is planned for 10 designer residences on its two upper floors. Professional/retail storefronts are set for the ground level of The Courtyard at Citrus.
The pricing for its residential units start from the upper $300s for one-bedroom units with floor plans in the 900-square-foot range. The other choices feature floor areas of 1,000+ square feet designed with two bedrooms. The prime choice at The Courtyard at Citrus is a two-level penthouse with an outdoor living area and a rooftop pool.
Two blocks west of The Courtyard at Citrus and Zahrada, new residents are expected to move in this summer 2017 at Risdon on 5th. Also a mixed-use condominium development, this property offers 22 residences with living areas of 1,224 to 1,993 square feet designed with two to three bedrooms.
These condos are priced from around the mid-$500s up to the $900s and are nestled within a modern and contemporary five-story building. Risdon on 5th features lush landscaping and a gated and secured parking courtyard. This condominium offers a rooftop pool with several large terraces that allow breathtaking views of Sarasota Bayfront and Downtown, plus access to the neighborhood upgrades soon coming at the Rosemary District.
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>>