OverviewInvestment HighlightsGalleryLocationContactSign the Agreement
Listing provided by LightBox Revere
200 S Washington BlvdSarasota, FL 34236
Artist Court Residences
Asset ClassMultifamily
A 242 Unit Class A Property - Co-GP/Equity Placement Opportunity
Overview
Franklin Street is pleased to present Artist Court Residences, a Co-GP / equity placement opportunity for a 242-unit multifamily development scheduled for delivery in 2028. Located in Sarasota's highly-desirable downtown, the property offers residents unrivaled access to high-end dining and shopping, as well as an array of art and outdoor activities. Strategically located within one of Sarasota's four opportunity zones, the highly accessible location positions Artist Court to meet the growing demand for modern housing in one of Florida's most desirable markets while advancing economic development within the local community.
Investment Highlights
- The property will offer 242 spacious units, averaging 1,015 square feet, to go along with high end amenities such as a fitness center, game room, co-working space, and resort-style pool
- The property is located within an opportunity zone, which offers tax benefits to investors, such as deferral and potential elimination of capital gains taxes, and aims to fosters economic development in the community
- The Downtown Sarasota submarket is one of the most expensive and desirable urban submarkets on Florida’s West Coast. This, paired with the continued influx of new residents, highlights the strong demand for high-end living in Sarasota
- The property is located within a high growth corridor, with the 1-mile radius surrounding the subject estimated to see a population growth of 14.17% by 2030. Further, the 1-mile radius surrounding the property boasts an average household income of $135,416 and average net worth of $1,535,783, which supports the growing demand for luxury living in Downtown Sarasota
- Downtown Sarasota continues to undergo significant development as nine condominium projects are currently proposed or underway, which will add 717 condominiums and 153 hotel rooms over the coming years
- Sarasota has been ranked the #1 place to live in the US and the #4 place to retire in the US as it offers a thriving cultural scene, with world-class venues like the Sarasota Opera House, Van Wezel Performing Arts Hall, Florida Studio Theatre, and numerous galleries, museums, and live entertainment spots, attracting residents and visitors seeking a dynamic urban lifestyle
- Located just minutes from Lido Key, the property offers unrivaled access to world-class beaches and an array of outdoor recreational activities for those looking to take advantage of Florida’s iconic coastal lifestyle, contributing to Sarasota's rankings as the #3 healthiest communities in Florida
Photo Gallery
200 S Washington BlvdSarasota, FL 34236
Sales Team
Listing provided by LightBox Revere