The DeSota Apartments
180-unit Multifamily Development
Investment Background: Development of a 180-unit, Class "A" apartment building with 15,000 square feet of ground floor retail.
Product Type: 10-story, condo-quality apartment building; lobby and retail will be located on the first floor; the parking deck will be located on floors 1-3, with units beginning on the fourth floor.
Location: The site sits at the intersection of 2nd Street and Central Avenue, located across from a Whole Foods and within walking distance of Sarasota’s burgeoning arts district, central business district, restaurants, nightlife, and the Sarasota Marina; the property will be unique to the area by offering high-quality, amenity-rich rental living in a condominium-dominant market.
Attributes: Select units will feature views of Sarasota Bay, 24-hour fitness center, resort quality pool and outdoor deck, secured structured parking and an on-site concierge. Units will feature stainless steel appliances, quartz countertops, hardwood floors throughout, balconies, floor-to-ceiling windows and open floorplans.
Status: Construction began in October 2015 and is scheduled for completion in July 2017.