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Business Observer Thursday, Sep. 16, 2021 1 month ago

Hotel group's first stand-alone residential project heads to Lido Key

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The project is being led by a Naples-based luxury real estate developer .

LIDO KEY — A 65-unit condominium is making its way to Lido Key in 2025. 

Rosewood Residences Lido Key is Rosewood Hotels and Resort’s first stand-alone residential project. The condo project, a short walk from St. Armands circle, will be spearheaded by Naples-based luxury real estate developer The Ronto Group and real estate investment firm Wheelock Street Capital, according to a statement. Sales reservations are expected to launch in December 2021. 

“This project marks a major milestone for Rosewood Hotels and Resorts, a brand that has redefined the concept of ‘residential hospitality’ since it first launched over 40 years ago with the transformation of a mansion in Dallas into an ultra-luxury hotel and restaurant,” says Brad Berry, VP of Global Residential Development at Rosewood Hotel Group, in the press release. “We have been carefully considering how best to build upon the growth of our residential segment with our first stand-alone Rosewood Residences and are thrilled to have this opportunity to do so in partnership with The Ronto Group and Wheelock Street Capital.”

Rosewood Residences is a collection of residential villas, estate homes and fine apartments available for purchase or rent across the world. “As lifestyle preferences continue to shift and thereby create an increased demand for the experience that Rosewood Residences provides, we’re proud to bring this offering to the market and to be a part of both Florida and the luxury real estate industry’s continued growth and evolution,” says Berry in the release.

Rosewood Residences Lido Key will occupy 3.5 acres of beachfront real estate designed by Miami-based Swedroe Architecture, with interiors spearheaded by New York-based Lillian Wu Studio. 

“This is sure to be a legacy project for The Ronto Group,” says Anthony Solomon, owner of The Ronto Group. “We are honored to bring the first stand-alone Rosewood Residences to the United States and to welcome the unparalleled Rosewood service and design to Florida.” 

The residences will average approximately 4,200 square feet in size. Onsite amenities will include: 

  • A private restaurant and chef services for in-residence dining and catering. 
  • World-class fitness center with options for private training and yoga sessions. 
  • Outdoor pools. 
  • Massage rooms. 
  • Private guest suites with housekeeping service. 
  • A lounge featuring a library and game room.
  • 24-hour concierge managed by Rosewood. 

Pricing for the units have not been announced.

“Rosewood Residences Lido Key will be an iconic addition to the city of Sarasota,” says Hunter Jones of Wheelock Street Capital, “and we look forward to watching its progress.”

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