The Mark: Downtown Sarasota Condo Nears Sellout


SARASOTA, FLORIDA, July 30, 2019 – Just four out of the 157 units in The Mark downtown condominium remain unsold as of this July. This near-sellout firmly indicates that high-end Sarasota condos for sale continue to resonate among buyers, and more market excitement could be expected from the spate of new condominium construction in the city center.

The first of The Mark’s residents are expected to start moving in this fall 2019. Construction in the condominium has been coming along as scheduled, with topping out of its 12-story building already reached in November of last year.

Completion of The Mark would create what its developer, Kolter Urban, calls “the most comprehensive” live-work-play address. The property’s unique site makes this possible. The condominium is set in a two-block, 1.6-acre triangular parcel bordered by Lemon and Pineapple Avenues and State Street. It is being constructed at a cost of $70 million, one of the highest budgeted Sarasota real estate development projects.

Main Street Extension

The pitch “downtown is downstairs” forms as a backbone to The Mark’s sales and marketing which is quite apt indeed. Aside from its residential units, this tower will host 35,000 square feet of restaurants, entertainment and retail space. Called the Promenade, this area will stretch on the ground floor amid a streetscape tapestry conducive to casual outdoor experiences.

Kolter has earlier named the Columbus, Ohio-based real estate organization CASTO to manage tenant leasing for The Mark’s Promenade retail space level. Notably, CASTO has brought the popular Whole Foods grocery store chain to the Shoppes at Sarasota Row. It is also behind the upscale shopping, dining, and nightlife destination of Winter Park Village in Central Florida.

With the Promenade, The Mark appears set to establish itself as a vibrant extension of downtown Main Street. It also provides even more besides new retail destinations. The Mark will likewise offer 11,000 square feet of upscale office space woven within the building’s three-level parking.

The condo residents, on the other hand, will enjoy access to resort-style facilities in The Mark’s fifth level. The features on this amenity deck include an elevated swimming pool with a fire-pit lounge, outdoor cooking area and private cabanas. It also offers a club bar, media room, and fitness center. This floor also holds a few condo units.

Upscale Renditions on Display

The Mark condos’ high-end finish packages, at this stage, have already been fleshed out. Kitchens in the units, for instance, flaunt Jenn-Air appliances, while baths express luxury and fine living in their Grohe vanity fixtures.

Additionally, living in the condominium would be akin to staying in a five-star hotel, with The Mark’s front-desk staff on duty 24/7. Secured access within the building is likewise set along with condo owner-controlled elevators.

The last four sales-listed units in the MLS of Sarasota condos for sale are priced in the $800s‒$900s range. These are in two-bedroom layouts, featuring floor areas of 1,500+ square feet.

Prospective buyers who may seek units more upscale than those at The Mark can find options at Ritz-Carlton Residences. Also a Kolter project, this new condominium broke ground in September last year at the Quay development less than a mile west of The Mark—now looming as another window to a dynamo driving the Sarasota condo market.