A brand new 16-story constructing is coming to downtown Sarasota in an area that’s at present house to Il Panificio pizzeria.
It is going to have 120 resort rooms, 35 residential models and 126 parking areas, and the bottom flooring will embrace a two-level restaurant open to the general public. The mission will sit on almost half an acre on the nook of Goodrich Avenue and Most important Avenue—land that’s at present house to a few single-story buildings: Il Panificio, Most important Avenue Shoe Restore and Fringe Spa Salon. The brand new constructing will inherit the Panificio deal with of 1703 Most important St., Sarasota.
The mission would require the demolition of all three buildings. Il Panificio has been a well-liked vacation spot since 1991. For these of you mourning the loss, chin up: There’s one other location on Siesta Key.
In keeping with architectural drawings, the primary flooring of the brand new constructing will probably be devoted to a two-story, 4,500-square-foot restaurant and foyer, and ranges two by way of 4 are for parking. The resort begins on the fifth flooring, the place company can entry a 2,032-square-foot bar and eating space, a swimming pool and a gymnasium. The resort’s 120 models will span ranges six by way of 10 and can vary from 371 to 624 sq. ft.
Ranges 11 by way of 16 will probably be devoted to residential models, with six per flooring, besides up on the prime, the place the sixteenth flooring may have 5 penthouses. The models have two or three bedrooms and vary from 1,380 to 2,626 sq. ft.
The Kentucky firm Hospitality Group Sarasota Portfolio V LLC purchased the parcel from Sarasota’s NCN Realty LLC on March 29 for $5 million. NCN Realty is registered to Tracy Melone, who owns and manages Il Panificio. NCN bought the parcel in 2001 for $578,900.
The brand new mission is led by Aventura-based Trepp Developments, which gained an exception to construct as much as 16 ranges because of a metropolis zoning code provision that permits the director of growth providers to approve as much as two buildings that exceed the downtown core top restriction. In any other case, the peak restrict within the downtown core is 10 tales.
Whereas the mission doesn’t have to come back again to the Metropolis of Sarasota Growth Evaluation Committee for additional approval, there are nonetheless feedback from a couple of metropolis departments the applicant should deal with earlier than last approval is granted.
Native agency Hoyt Architects is main the design and renderings are within the works. The agency can be designing the upcoming 18-story One Park luxurious condominium tower headed to the bayfront.