Looking beyond The Vue

Flush with its success at Vue Sarasota Bay, a $120 million hotel and condo project in downtown Sarasota, owner Kolter Group LLC is focusing on a pair of potential projects that would extend its development in Sarasota for years to come.

West Palm Beach-based Kolter is both exploring buying rights to the Pineapple Square retail and residential project downtown and partnering with the owners of the Ritz-Carlton, Sarasota to develop as many as 90 new condominiums on a site adjacent to the luxury hotel.

“We're having serious discussions,” says Kolter Chief Executive Bobby Julien of the Ritz-Carlton project, which would be done in conjunction with resort owner SLAB LLC. “And the reason is we truly love Sarasota, we find the market there to be so attractive on so many levels.”