New condominiums and hotels are on the rise in downtown Sarasota.
One look at the downtown Sarasota skyline and it’s clear that all sorts of changes are on the horizon. “There is a lot of positive growth in Sarasota,” said Matt Drews, Director of MS&C Commercial. “Our downtown is very livable and with the eclectic mix of arts venues, culinary destinations, retail and office centers, Sarasota has a great vibe similar to that of Asheville or Greenville even though it's smaller in size.” According to a monthly report from the City of Sarasota, The Greater Sarasota Chamber of Commerce, and the Downtown Improvement District the following numbers represent projects in the pipeline expected to take place in downtown Sarasota and the Rosemary District in the next several years:
Downtown Real Estate Development in Progress
Retail / Restaurant: 346,975+ SF Commercial Office: 142,376+ SF
Rental Apartments: 1,715 units Hotel Rooms: 972 units Condos/Townhomes: 1,458 units
