Townhome project planned at Golden Gate Point in Sarasota, FL
by: David Conway via The Observer
Another luxury residential project is planned for Golden Gate Point, and to stand out in a crowded marketplace, the developer is using an unorthodox strategy for the area: It’s not building a high-rise.
Allure is the name of the four-building, four-story, 12-unit townhome project planned near the entryway of Golden Gate Point. Condominium towers envelop the land the development will sit on, situated on the interior of the neighborhood. Conscious of the fact that the city is saturated with new condominium high-rises — and that those high-rises were more appealing when they sat beside the waterfront, rather than between other buildings — developer Jebco Ventures went in another direction.
“We thought the market would be better for townhomes versus another condo, quite frankly,” said design architect Brent Parker. “Especially on the inside versus on the bayfront.”
Given the size of the parcels in question — about 0.82 acres in total — deciding not to build upward might not have been a viable financial option under the standard zoning regulations. In 2008, however, the city passed a series of alternative zoning rules for the Golden Gate Point neighborhood, opening up the possibilities for shorter projects.
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