The Commercial Real Estate Alpha Site

Is this light at the end of the vacancy and downward rent trend tunnel or is it a train coming?

Here are some of the infill and institutional projects on the way…

Downtown and close-to-downtown Sarasota’s rental pipeline is expanding alongside the condo boom, with several new apartment projects underway. Among the largest are Bayside Club Apartments on North Cocoanut Avenue (253 rental units) and Aspire on Tenth on 10th Street (157 rental units, including 47 affordable units). Another major project, Artist Court Residences on South Washington Boulevard, is planned for 242 rental units, including 26 attainable/affordable units.

Several smaller rental projects are also in the mix, including 2101 Ringling, a 22-unit project on Ringling Boulevard with two attainable units, and The Boheme, a nine-unit building planned for Kumquat Court with one affordable unit. Adagio Sarasota on Ringling Boulevard is also being proposed, and includes 69 attainable/affordable rental apartments alongside 100 luxury units for sale.