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Business Observer Friday, Jun. 24, 2022 5 months ago

Luxury Sarasota complex hits 50% mark in sales

One Park Sarasota has opened a new sales gallery in the city.
by: Louis Llovio Commercial Real Estate Editor

One Park Sarasota, an 18-story luxury condo development on the city’s waterfront, has opened a new sales gallery after having sold 50% of its units.

The gallery, run by Coldwell Banker Realty, is at 20 N. Lemon Ave. A spokesperson for the property did not respond to an email asking what the 50% mark translated into in dollars. In February, developers said sales in the first three months had topped $150 million.

One Park is going up on the Boulevard of the Arts and North Tamiami Trail.

The tower, when complete, will be made up of 123 two-, three- and five-bedroom units ranging from 2,760 square feet to 8,460 square feet. Prices start $2.8 million. In addition to those units, there will be a One Park Penthouse Collection with six apartments with private rooftops, summer kitchens and plunge pools.

Units in the tower will come with 12-foot floor-to-ceiling windows, a lighting package with recessed lighting, dimmers and lighting control, fully built-out closets and a midnight bar in primary bedrooms. These will go along with a list of outdoor amenities including a resort-style infinity pool, a private theater room and a wellness spa. 

According to a press release, the new sales gallery will feature a 10-by-16-foot LED wall that highlights both the complex and bay area, a full-size model kitchen and an owner’s suite grand closet.

One Park is scheduled to begin construction early next year and is expected to be finished 28 to 30 months later.

(This story was updated to reflect the correct number of bedrooms per unit.)

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