Developers buy land in waterfront district for luxury multifamily homes, retail

SARASOTA — There have been two land sales at Quay Sarasota, a new mixed-use waterfront neighborhood with residential, retail, hotel and office projects under construction along downtown Sarasota’s waterfront.

GreenPointe Developers and Cross Lake Partners announced the closings, which include Lennar Multifamily Communities acquiring 1.65 acres at the Quay and Kolter Urban acquiring 1.15 acres at the Quay from GreenPointe, the developer of Quay Sarasota.