Overview
Sarasota Development Opportunity Near Downtown
This approximately 2.08-acre assemblage consists of 12 contiguous parcels situated along Fruitville Road, east of its intersection with Washington Boulevard (US-301). The site benefits from its location on a primary gateway into downtown Sarasota and a major connector between north-south and east-west traffic. It provides access to Downtown Sarasota, regional connectivity via US-301 and I-75, and proximity to US-41, University Parkway, and Fruitville Road. The location offers visibility, high traffic counts, and frontage suitable for mixed-use development. The property is zoned Downtown Edge (DTE), supporting higher-density, pedestrian-oriented redevelopment adjacent to the urban core. The base density allows 25 units per acre, with the potential to increase to 100 units per acre through affordable housing incentives. Under SB 102, the site allows up to 200 units per acre and a 16-story building by right. Permitted uses include multifamily residential, retail, restaurant, office, hospitality, and other vertically integrated mixed-use concepts. The property is located within a federally designated Opportunity Zone. The Park District, an 8-acre mixed-use project featuring 1,400 residential units, hotel, office, retail, and restaurants, is located immediately to the south. The Aster & Links project, offering 420 luxury apartments, retail, an 11-auditorium theater, and a Sprouts Grocery Store, is one block southwest. The area also provides proximity to Ringling College of Art & Design, St. Armands, Siesta Key, Lido Key, and Longboat Key, along with shopping, dining, and entertainment options. This site is suitable for residential apartments, condominiums, or a mixed-use project integrating retail and office.
