Construction on CitySide Apartments to begin in April
Sarasota’s Rosemary District – Urban Contemporary Architecture
Rosalyne Holdings, headed by Bruce Weiner of Longboat Key, is developing the project with Ascentia Development Group (ADG) and expects to have a building permit by March.
CitySide is a four-story complex designed with urban contemporary architecture. Phase 1 will offer 228 units on the northeast corner of Boulevard of the Arts and Cocoanut Avenue. Phase 2 will have about 250 units directly across May Lane from Phase 1.
“CitySide will address the growing demand for rentals in or near downtown Sarasota,” said Weiner.” It will also bring new vitality to the area, while maintaining the rich culture that makes the 128-year-old Rosemary District so unique.
The Rosemary District is a quiet area, awaiting development and revitalization to help reach its potential. It’s a part of Sarasota’s urban appeal, just north of Fruitville. With ample land available and the district in close proximity to core downtown amenities, industry experts say the Rosemary District area is ripe for a transformation. A surging interest to build in the Rosemary District has officials confident the density boost will help make developments there more economically viable.
The ongoing plans to revamp the Rosemary District come a midst a rising real estate market, which has pushed demand for condos and rental apartments to near decade highs.
Rents are expected to range from $1,000 to $2,000 a month and designed to meet the needs of a growing professional population seeking Sarasota’s downtown urban appeal. CitySide residences will have one and two bedroom options, along with two bedroom, plus den floor plans. Residences will range in size from 700 to 1,200 square feet.
