SARASOTA, Fla., Nov. 13, 2017 /PRNewswire/ Kolter Group — The Ritz-Carlton Residences, Sarasota, (www.theresidencessarasota.com) will be the premier residential offering within the Quay Sarasota, announced Kolter Urban President, Bob Vail.
Originally sited on The Ritz-Carlton hotel property, The Ritz-Carlton Residences will now be built adjacent to the hotel on the last premier waterfront site in downtown Sarasota. This premium location in the Quay Sarasota development provides residence owners of the 18-story, 73-unit condominium tower with immediate access to the amenities of the hotel and the Quay offering while enjoying their private, owners-only amenities and services within The Ritz-Carlton campus.
“The opportunity to expand the new Ritz-Carlton Residences to a larger site, directly on the water, creates a more exclusive identity and delivers panoramic water views with dramatically expanded private amenities and lifestyle offerings,” stated Vail. “The timing and quality of the Quay development created the perfect opportunity for the offering.”
Being developed by Jacksonville, Florida-based GreenPointe Holdings LLC, the Quay Sarasota is a new 15-acre, mixed-use development featuring an upscale destination environment with residential, retail, hospitality and office space overlooking a yacht basin with boat slips, a waterfront park and boardwalk. “We are honored and excited to have The Ritz-Carlton Residences as the flagship residential offering within the Quay Sarasota community,” states Ed Burr, President and Chief Executive Officer of GreenPointe Holdings. “This certainly sets the tone for the sophisticated, destination environment being created on the Sarasota Bayfront.”
The new Ritz-Carlton Residences, Sarasota will still feature 73 luxurious tower residences, and in the new location, Kolter has been able to expand upon the interior spaces. “The move impacts every residence in a positive way,” states Vail. “From larger floor plans to better view corridors, to an expanded array of on-site services and private amenities.”
Ritz-Carlton amenities include the renowned Jack Dusty restaurant, full-service spa and salon and membership to The Ritz-Carlton Beach Club and the Tom Fazio-designed Ritz-Carlton Golf Club. Owners at the new Residences will enjoy an expansive waterfront amenity plaza with a restaurant, and private, owners-only amenities that include a resort-style pool and separate lap/fitness pool, a well-equipped fitness center, residents’ clubroom, and numerous social gathering spaces, including an indoor-outdoor pool bar, demonstration kitchen for culinary events, in-residence dining and more. Private elevators will provide direct access to the waterfront as well as a private dog park.
“With the Quay at their doorstep and the incomparable services and amenities of The Ritz-Carlton at their fingertips, residence owners will have the best of both worlds,” added Vail.
“Our goal with the new tower was to create the area’s ultimate new waterfront luxury lifestyle, said Vail. “The enthusiasm already being expressed by the market is certainly encouraging of our efforts.”
The Kolter Group is scheduled to begin construction in the summer of 2018 with delivery anticipated in the fourth quarter of 2020. Pricing for these grand waterfront residences starts from $2.4 million. Contract conversion for current reservation holders will begin this December. The Ritz-Carlton Residences, Sarasota Preview Gallery is open daily in the hotel lobby.
The Kolter Group is a diversified real estate development and investment firm that has invested in projects with expected value more than $2 billion. Headquartered in Palm Beach County, Florida and with a southeast operational footprint, Kolter’s market and sector knowledge has positioned the firm to capitalize on emerging trends in real estate.
Quay Sarasota is an all-new destination overlooking the Sarasota Bayfront, in the heart the city’s Arts and Culture District. Quay Sarasota will offer a carefully curated 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 animated public spaces.