GreenPointe Communities has started infrastructure work for its new mixed-use scheme in Sarasota, Florida. Quay will feature approximately 700 residences, 175 hotel rooms and nearly 200,000 sq ft of office and retail space. The first phase of development is underway at the historic Belle Haven building. Opened in 1926, the building is significant for its Mediterranean Revival-style architectural design and association with the nationally renowned architect Dwight James Baum. GreenPointe bought the 15-acre downtown Sarasota waterfront site in 2014 for $27m. The $1bn project is expected to be completed by 2025.
“This is an exciting day for GreenPointe Communities,” said Grady Miars, the company’s president. “Since acquiring the property, we have been working with Sarasota city leaders to design and create a sense of place that will make a lasting contribution to the Sarasota community. We appreciate the participation and vision of the mayor, city commissioners and planning board members on Quay Sarasota, and we look forward to continuing this partnership for years to come.”
