Naples developer pays $26M for downtown Sarasota sites

The Lutgert Cos. has dubbed its project Adagio Sarasota Luxury Residences.
The Lutgert Cos. has dubbed its project Adagio Sarasota Luxury Residences.
Photo by Elizabeth King
  • Manatee-Sarasota
  • Share

A prominent Naples developer has bought five downtown Sarasota parcels along Ringling Boulevard, between Palm and Pineapple avenues, and intends to build a luxury development on the space.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news
Subscribe

Already subscribed? Sign in.

Latest News

  • March 23, 2026
Downtown Sarasota ponders hotel/condo trend in aim to avoid 'luxury ghost town'
  • March 21, 2026
Clearwater office building sells to local firm for $5.3M
  • March 21, 2026
One year in, growing St. Pete insurer posts $2M profit
  • March 20, 2026
$10.25M Naples bayfront penthouse heads to auction

Sponsored Content