Downtown Sarasota apartment complex by developers Jesse Biter & Brian Jones, moves forward
by: Alex Mahadevan / News Innovation Editor
The building boom in downtown Sarasota will continue into the fall, with the groundbreaking for a five-story residential project slated for September.
Jones Development Co. President Brian Jones, who partnered with entrepreneur Jesse Biter on the project, said they have secured financing the HuB Lofts. The complex, which will feature 97 apartments and 8,000 square feet of office space at the corner of Second Street and Adelia Avenue, will sit next to the HuB business incubator.
“This will be what we call ‘attainable housing’,” Jones said. Rents for studio apartments will start at around $1,000 while other layouts could be more than $2,000 monthly.
Jones said his team is nearly finished with the design for the project, and plans to apply for permits in May. The city is currently conducting an initial traffic review for the development.
The HuB Lofts, along with a 10-story unnamed project also on Second Street near Whole Foods, will ultimately add more than 275 residential units to the city, which Jones said will help further improve the downtown area.