Archive for the ‘Sarasota’s New Construction’ Category

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Longboat Key Club Expansion

October 14, 2009

The Longboat Ke CLub in currently in the final stages of planning and approval of a proposed $400,000,000 expansion of the resort and club. The expansion will bring a new hotel additional resort amenities, condos and jobs and tourism to Longboat Key.

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Honore Avenue Palmer Ranch

September 9, 2009

The county began construction of Honore Avenue years ago as a third North/South road in addition to Tamiami Trail and I75. The road was intend to run from Manatee County south to State Road 681. To date most of the road has been completed with the exception of the portion between Bee Ridge and Fruitville and the portion south of Central Sarasota Parkway in Palmer Ranch. With political climates and economic realities having changed these projects are set to move forward. Construction costs have decreased dramatically since the end of the housing boom of 2003 to 2005 and the county is now able to complete these projects for a fraction of the original cost. Construction is expected to be complete in 2012. The portion in Palmer Ranch will be funded in part with impact fees from planned development in the lands along the new road.

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Longboat Hilton Expansion

August 25, 2009

The owner of the Longboat Key Hilton recently filed application to expand the hotel. Currently the hotel has 102 units. The proposed expansion would bring that total to 187. The new plans would also incorporate a new restaurant, bar and banguet rooms.

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Buying Foreclosures

July 17, 2009

Harris Interactive recently conducted a study in which it was determined that 55 percent of people surveyed identified them selves as likely to purchase a foreclosed property. Back in November of 2008, the same survey indicated that only 47 percent were likely to purchase a foreclosed property. People currently renting (68%) were among the most likely to buy a foreclosed property. Here in the Sarasota / Bradenton real estate market we are experiencing the effects of this increased interest in foreclosure properties which make up a high percentage of the closed transactions.   There are some excellent opportunities among the foreclosures in our market. However, not all foreclosure are good deals because in some cases the costs associated with repairs and upgrades may be too high. The best deals may newly constructed homes that were purchased by out of town investors at the end of the boom. In many cases these foreclosed properties have never been lived in and are in excellent condition. If you are interested in such properties, give me a call at 941-650-4626.

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Five Points Roundabout

May 21, 2009


This Summer the City of Sarasota will begin the work of installing a roundabout at Five Points on Main Street in Downtown Sarasota.  Additional roundabouts will also be created at the corners of Orange Avenue and Alderman Street and at Ringling Boulevard and Palm Avenue.  The total cost of the three Roundabouts are expected to be $1.5 million.  Fund will come mainly from the Florida State Department of Transportation.  Some funds will also come from sales taxes collected in the City of Sarasota. These improvements to our intersections will make our streets more pedestrian friendly. Possibly more importantly these projects will can be seen as a beautification. Sarasota is already a beautiful place and further improvement and beatification to roads and neighborhood areas is a welcome idea. Take a moment to navigate the embedded maps.



 

 

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Mahindra Dealership in Sarasota

May 13, 2009

Soon an Indian automotive dealership will open on Clark Road next door to the Land Rover Dealership. The new automotive dealership from India is known as Mahindra Motors. The company which is a maker of trucks and SUVs enjoy an 85 percent market share in India. The company hopes that their economical diesel powered vehicles will be hit here in the US. Sarasota will be home to the first US dealership. The company hopes to open hundreds more in the near future.

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Sarasota Yacht Club

April 30, 2009

The Sarasota Yacht Club is undergoing a dramatic transformation.  The original club which opened in 1951 has recently been demolished to make way for a new 27,000 sq foot state of the art facility which is expected to be complete by the end of this year.  Amenities will include a new resort style pool with an infinity edge overlooking the bay and shallow lounge areas and cabanas.  The new dinning area will seat 550.  Plans include upgraded boater amenities and a fitness center.  Although larger than the original building the new club will incorporate 15 % more green space and will incorporate the latest green building techniques.  The Sarasota Yacht club, founded n 1926 is one of the original 13 members of the Florida Council of Yacht Clubs.  Membership types include, seasonal summer, seasonal winter, social and full marina.

For more information visit the club’s website at www.sarasotayachtclub.org.