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GreenPointe Developers and Cross Lake Partners Announce Closing of Multiple Phases at Quay Sarasota Waterfront District

December 29th, 2020 · Leave a Comment

GreenPointe Developers and Cross Lake Partners proudly announce multiple closings at Quay Sarasota, a new mixed-use waterfront neighborhood destination with residential, retail, hotel and office opportunities under construction along downtown Sarasota’s waterfront.

Lennar Multifamily Communities (LMC) acquired 1.65 acres at the Quay, and Kolter Urban acquired 1.15 acres at the Quay from GreenPointe, the developer of Quay Sarasota. Development plans include luxury multi-family homes, condominiums and ground floor retail in Quay Sarasota.

“We are pleased to achieve this milestone at Quay Sarasota,” said Ed Burr, President and CEO of GreenPointe Holdings, LLC. “Our firm has an unparalleled reputation for innovation, vision and results in the creation of communities. Quay Sarasota is a scenic waterfront district offering luxury residential, upscale retail, hotel and office spaces, and vibrant public spaces.”

At Quay Sarasota, LMC is building its first apartment community in the Sarasota market. Rising 12 stories, it will be comprised of 240 luxury multifamily homes with more than 13,000 square feet of ground floor retail space and abundant amenities. The community will include a top floor wine lounge, catering kitchen, cybercafé, resident lounge, golf simulator, business center, meeting rooms, and state-of-the-art fitness center. Plans for the community also include a resort-style swimming pool, outdoor cabanas, outdoor bar & grill, dog park, bike repair shop, storage and complimentary Wi-Fi in the common areas. Construction of the community is anticipated to begin in May of 2021 with completion of the first units by September of 2023.

“LMC is extremely excited to be involved in Quay Sarasota,” said McCarley Davis, LMC’s City President for Florida. “Our community will be the premier rental destination at the Sarasota Waterfront. Once completed, LMC’s Sarasota development will be one of the most unique and sought-after rental communities on Florida’s west coast.”

Kolter Urban’s newest development at Quay Sarasota is Bayso, Sarasota. The 18-level condominium development will offer 149 luxury residences. Prospective buyers may choose from 11 innovative two- to three-bedroom plus den floor plans ranging from 1,600 to over 2,600 square feet and seven luxurious penthouses floor plans ranging from 2,500 to almost 4,000 square feet.

Each unique residence at Bayso has a spacious, open floorplan design with chef-inspired European kitchens, expansive terraces with glass balcony railings and luxurious Owner’s suites. Residences will be appointed with a selection of designer-coordinated finishes, features and appliances allowing homeowners to personalize their residence. Condominiums will be priced from the $800,000s. Groundbreaking is planned for the second quarter of 2021 with expected completion by autumn of 2023.

“We are excited to bring Bayso to the incredible Quay Sarasota district,” said Brian Van Slyke, regional president of Kolter Urban. “Bayso residents will enjoy living in a vibrant waterfront district with the best dining, entertainment and the arts lifestyle that Sarasota has to offer.”

Bayso’s amenities will include an elevated resort-style pool and spa deck with cabanas, entertainment areas and outdoor kitchen. Plans include a state-of-the-art fitness center, a personal training/flex studio and a Residents’ Club Room with catering kitchen and club bar for entertaining. Bayso will have a private dog park and climate-controlled storage areas. Bayso will also have a dedicated lobby staff to service residents.

For those interested in an exclusive preview of Bayso, a preview gallery is located in the ground level of the Westin Hotel, at 100 Marine View Drive, Suite 101. The gallery will open on Jan. 15, 2021, in the Premier Sotheby’s International Realty office located at 50 Central Ave, Suite 110.

Kolter Urban is currently developing The Ritz-Carlton Residences, Sarasota, slated for completion this year, immediately adjacent to Bayso Sarasota. Kolter Urban has experienced significant success at Quay Sarasota and has only two luxury residences remaining for sale at The Ritz-Carlton Residences.

The JLL Capital Markets’ team, led by Manny de Zarraga, Maurice Habif and Simon Banke, represented Cross Lake Partners and GreenPointe in completing the sale to LMC.

Quay Sarasota is an entirely new vision – a 14-acre waterfront district that will offer a blend of luxury residential, upscale retail, boutique hotel, and state-of-the-art office space in a scenic waterfront setting of natural beauty, eclectic architecture and active public spaces.

For more information about the Quay Sarasota Waterfront District, visit QuaySarasota.com.

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