In the past few months demand for high-end Sarasota condominiums has come roaring back in Southwest Florida and particularly, here in Sarasota. Yet another developer has now decided that Sarasota is the place to build new luxury real estate properties. The Vandyk development company of Toronto, Canada was in Sarasota two weeks ago to unveil plans for One88, another limited-size condo development on prestigious Golden Gate Point. The site of this latest new luxury condo development is at 188 Golden Gate Point overlooking Sarasota Bay and the John Ringling Bridge.
One88 will join AQUA being built nearby at 280 Golden Gate Point and others in this recent burst of new luxury condominium developments getting started in downtown Sarasota. The Jewel Residences, being built at the corner of Main Street and Palm Avenue, with 18 luxury residences ranging from 2,100 to over 4,300 square feet,is still another major development currently underway in the Downtown Sarasota waterfront condos market.
John Vandyk, president of the company developing One88 said at the unveiling that, having visited Sarasota many times for pleasure, “there is a lot of art and culture here in Sarasota, and the people are very kind. It’s a different lifestyle, a beautiful lifestyle.”
Like AQUA, One88 will have just eight residences. One88 will have two residences on each floor, each with about 3,000 square feet of air-conditioned space with over sized terraces. The limited size of the development was in part dictated by the small size of the lot on which it will be built. Unlike other developers, Vandkk is not taking reservations for these Sarasota luxury condos. "We're going direct to contract," the developer's spokesperson said.
Prices range from $2.6 million to $3 million on the first three fours. The two penthouses on the fourth floor, which have rooftop terraces are currently priced at $3.9 million. A unique feature of these luxury boutique condos is that buyers of each residence will receive a social membership at the Sarasota Yacht Club. The Sarasota Yacht Club, one of the most prestigious yacht clubs in Sarasota offers the benefits of a member-owned private social club with extraordinary services and facilities regardless of whether the member owns a boat or not. The docks at the yacht club can accommodate boats up to 100 feet and drafts of up to 10 feet.
Explaining why the Vandyk group chose Sarasota for their first investment in the United States, Karin Silver, Vandyk USA VP of Marketing & Sales said, culturally, we like Sarasota better than Naples or Miami. There is the right balance of culture and amenities here. To us, Sarasota is a diamond in the rough, a hidden jewel. There is pent-up demand here."
Your home at One88 on prestigious Golden Gate Point wil be just a few steps away from downtown Sarasota with all its restaurants, shops and galleries and only a short drive across the John Ringling Bridge to St. Armand’s Circle and the beaches of Lido Key.
Vandyk plans to develop another downtown Sarasota property at 635 S. Orange Avenue in Burns Court, though it’s not yet decided exactly what form that project will be.
Call me at 941.266.1799 to learn more about One88, AQUA or other attractive Downtown Sarasota luxury residences.
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