Sarasota project proposal expands to 18-story condo tower, 10-story hotel

A revised development plan for the Second Street site next to the Embassy Suites comes after another project faltered.

The former Palm Apartments immediately adjacent to the Embassy Suites hotel will be razed along with the building next door for a mixed-use development of condos and a hotel. (Photo by Andrew Warfield)
The former Palm Apartments immediately adjacent to the Embassy Suites hotel will be razed along with the building next door for a mixed-use development of condos and a hotel. (Photo by Andrew Warfield)
  • Commercial Real Estate
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In the two-plus months since M2RE Partners won approval from the Sarasota City Commission to demolish a building on Second Street next to the Embassy Suites for an for an unannounced project, the scope of the development has grown.

With the addition of a vacant lot next door, the project at 1225, 1233 and 1243 Second Street is now proposed to be an 18-unit condominium and 109-room hotel mixed-use development, steps away from Tamiami Trail.

 

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