GreenPointe Developers and Cross Lake Partners have announced multiple closings at Quay Sarasota, a new mixed-use waterfront development with multiple residential, retail, hotel and office spaces currently under construction along the downtown bayfront. Lennar Multifamily Communities (LMC) acquired 1.65 acres and Kolter Urban acquired 1.15 acres at the Quay from GreenPointe.
LMC's plans for the Quay include a luxury apartment building with retail space, a top-floor wine lounge, catering kitchen, golf simulator, business center, meeting rooms and fitness center. Construction is slated to begin in May 2021, with the first units completed by September 2022.
Kolter Urban’s Bayso Sarasota is an 18-level condominium development with 149 luxury two- or three-bedroom residences ranging from 1,600 to 2,600 square feet, plus seven penthouses floor plans ranging from 2,500 to almost 4,000 square feet. Amenities include luxury kitchens, terraces, designer-coordinated finishes, a personal training studio, climate-controlled storage areas and lobby staff. Prices start in the $800,000s; groundbreaking is planned for the second quarter of 2021, with completion expected in fall 2023.
Kolter Urban is also currently developing The Ritz-Carlton Residences, Sarasota, slated for completion this year and located adjacent to Bayso Sarasota.