Naples developer cites affordable housing law for luxury Sarasota project

A Naples developer planning what’s marketed as a luxury condominium project on recently purchased property on Ringling Boulevard looks to be using a law created to spur affordable housing to win approval for the project.

The Lutgert Cos., in a letter from a consultant submitted with documents to city officials for a pre-application conference, says it is designating 67 rental units in the project as “attainable” to meet Live Local Act requirements.

The development is planned for about 2.4 acres Lutgert bought through an LLC that includes The U.S. Garage building at 330 S. Pineapple Ave. and a parking lot belonging to the Church of the Redeemer.