Vue Sarasota Bay facing delay

One of downtown Sarasota's most significant commercial real estate projects of the current real estate cycle is facing a labor-induced delay that will push back completion by months.

Vue Sarasota Bay owners had initially been told they would be able to take possession of the project's 144 upscale condo units in the first three months of 2017. The $200 million project also is slated to contain a 255-room Westin Hotel.

But developer The Kolter Group has acknowledged, in a letter to condo buyers, that its inability to secure qualified labor has caused a delay in the 18-story tower's completion to the end of the second quarter of this year.