On the other side of our real estate market… Vue sales hit $85 million

rendering via Herald Tribune of the Vue and Westin

By John Hielscher , Herald-Tribune

The Kolter Group says it has placed under contract half of the condominiums in the 141-unit Vue Sarasota Bay, now under construction at Gulfstream Boulevard and U.S. 41.

That represents more than $85 million in advanced sales for the 18-story project, which is slated to open next year, the developer said.

Residences at Vue are priced from the $800,000s to penthouses at $2 million.

“To be half sold-out at this point not only demonstrates significant buyer acceptance but also underscores the tremendous pent-up demand for contemporary design in the Sarasota market,” said Bob Vail, president of The Kolter Group.

Vue is part of a $300 million project that also will include an 18-story, 255-unit Westin Hotel at the bayfront site.

Click Here <—- For John’s complete article


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