Gulf Coast senior housing projects demonstrating renewed energy as pandemic wanes

Sarasota's LaVerne and Naples' Goodlette Arms Apartments' renovation are part of a growing trend around the region

By Kevin McQuaid
| 12:00 p.m. June 24, 2021
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COURTESY RENDERING â€” Integrated Development II, of Chicago, has proposed a seven-story senior housing rental complex in downtown Sarasota, which would be the city's first.

Commercial Real Estate

The COVID-19 pandemic stalled new senior housing projects nationwide and throughout Florida, but with vaccination rates on the rise and the health crisis abating statewide, developers are now working on new offerings around the Gulf Coast.

In Sarasota, a Chicago-area firm plans to build a complex of roughly 155 units on a tract once slated for residential real estate firm Michael Saunders & Co.’s headquarters. LaVerne, as Integrated Development II’s project will be called, will be the first senior housing project in the city’s downtown core.