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Down the Pike - Spring 2019

122 - Number of hotel rooms planned for East Ave. and Fruitville Road

Look for more residential projects and more hotels to gel in Sarasota throughout 2019. On the residential side, The Richman Group’s 222-unit apartment project at the former Ringling Shopping Center site is rapidly progressing, and David Weekley Homes has broken ground on its Payne Park Village condo and villa project. Together they will offer living opportunities with close proximity to downtown and Payne Park. Richman’s plan for a pair of commercial buildings fronting Ringling Boulevard, meanwhile, will house businesses that complement the growing area. Expect occupancy of Richman Group’s project in 12 to 14 months.  The Ritz-Carlton Residences and The BLVD condo projects are well under construction on the other side of downtown, and the Bold Apartments on Fruitville Road are leasing. The luxury Epoch and Auteur condo towers may not be far behind, either. Plans for a new 122-room hotel touting a Residence Inn flag at East Avenue and Fruitville Road have been submitted to the city – a welcome use of a mostly vacant site on the north side of Fruitville Road. Additionally, Jebco Ventures and Choice Hotels both maintain sites that have been slotted for hospitality projects carrying the Hampton Inn and Choice flags, respectively.