Kolter Group Announces Ultra-Luxury Residential Tower in Sarasota
- Apr 20, 2016
Sarasota, Fla.–Kolter Group is expanding its luxury condominium portfolio in Florida by developing The Grande, a lifestyle community with 86 deluxe residences. The property is located right next to the Ritz-Carlton Hotel and is scheduled to break ground in spring 2017.
The Palm Beach-based developer tapped SB Architects again to design the 18-story luxury residential high-rise which will offer three- and four-bedroom apartments, including penthouses with Bay and Gulf views. Each unit will feature cutting edge technology, kitchens with large social islands, 10-foot ceilings and floor-to-ceiling glass. Common amenities include a tropically-landscaped rooftop pool, a state-of the art fitness center, a news room (lounge area with the latest media and a drinks/coffee station), an event room and an outdoor plaza for large events. Residents will also benefit from the services of a dedicated Ritz-Carlton staff and enjoy the salon and spa of the adjacent hotel.
“Our market research and recent experience have confirmed that there is strong demand for contemporary luxury residences and we believe The Grande’s combination of unique architecture, unparalleled amenities and exceptional service standards will satisfy the needs of the discriminating Sarasota buyer,” Kolter Group President & CEO Bobby Julien said in a prepared statement.
Michael Saunders & Company was named exclusive vendor for The Grande’s residences ranging in prices from $2 million to more than $5 million. Two assigned parking spaces are included in the offer for each residence. Buyers will have the possibility to choose their preferred interior finish packages which include European cabinetry and plumbing fixtures or premium flooring.
This is the fourth development by the Kolter Group in the Sarasota area, after Water Club on Longboat Key, VUE Sarasota Bay and The Mark Sarasota. The company is also behind the top-selling condominium in Tampa Bay Area, ONE St. Petersburg, which is set to open next year. According to the most recent Yardi Matrix Market Analysis, St. Petersburg and the surrounding area is one of Tampa’s most active submarkets, with a transactions volume of $165 million in the last year.