The Commercial Real Estate Alpha Site

By Andrew Warfield
 February 25, 2025 via Business Observer — <—- Click here for complete article

A pair of proposals that would add more than 550 multifamily units in the city of Sarasota on North Tamiami Trail — a gateway to the city between downtown and Sarasota-Bradenton International Airport — are making their way through the approval process. 

One on project, although no plans have been revealed, a developer has had a pre-application conference with the Sarasota Development Review Committee regarding an upcoming rezoning request for parcels covering the east side of North Tamiami Trail between 17th and 18th streets. 

At 2.88 acres, the property addresses are 1716, 1750 and 1770 N. Tamiami Trail. Developer MCRT Investments is seeking to rezone the property from North Trail to Urban Mixed Use and intends to build approximately 300 multifamily units utilizing the commercial centers and corridors attainable housing density bonus. Of the 300 units, approximately 30 would be deemed affordable…