$200 million Bath & Racquet project seeks to gain momentum — quickly

Developers hope to capitalize on persistently hot market.


  • By Mark Gordon
  • | 8:00 a.m. January 27, 2022
  • | 0 Free Articles Remaining!
Courtesy/ Halflants + Pichette renderings. The planned redevelopment project for the Bath & Racquet Club in Sarasota includes 277 residential units and 45,000 square feet of commercial/retail space.
Courtesy/ Halflants + Pichette renderings. The planned redevelopment project for the Bath & Racquet Club in Sarasota includes 277 residential units and 45,000 square feet of commercial/retail space.
  • Commercial Real Estate
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In tennis terms, for a while it looked like real estate investor and developer Mark Lucas might double fault on his plans to redevelop the Sarasota Bath & Racquet Club.

But with some shifty footwork, agile and creative real estate brokers  — and the assistance of a smashing hot real estate market — Lucas turned the project into a major advantage. The endgame? The Bath & Racquet Club, a prominent part of Sarasota for more than two generations that had recently been in decline, is about to get what could be a $200 million makeover.

 

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