Tuesday, May 09, 2006
EVERYBODY WELCOME CITY PLACE AT PINEAPPLE SQUARE
I had to pleasure of speaking with a rep from one of Sarasota's newest downtown developement projects this morning - City Place at Pineapple Square. The more she spoke, the more excited I got as this is going to be a fantastic development.
Before I get into the details I will cut right to the chase. You can get into this City Place starting at around $400,000. This will secure you a 1 bedroom, 1 bath unit with about 765 interior sq feet. Add the porch (which comes with every unit) and you are looking at a total of 1,000 sq ft. A 1 bedroom with den will run you about $425,000, a 2 bedroom/ 2 bath (1200-1400 sq ft) will be $625,000 and a 3 bedroom/ 2.5 bath will be set at $875K. There is also a 2 bedroom/ 2 bath + a den which measure in at between 1500-1700 sq ft.
To secure a unit for yourself will require a $25,000 deposit and 20% of the purchase price. The first 10% will be due at contract with the 2nd 10% at the begining of the "build-out". Demo is going to start in November so it will be exciting seeing City Place taking shape. There will be no assignments before closing, but after you can do whatever you wish with your property.
One of the nice things about this project is that there will be no more than about 6 of each floorplan. As in most cases the developers are going to release only a certain amount at a time and when I find out more specifics I will let you know. The first "move-ins" is realistically set for the first quarter of 2009. City Place will be a mixed use project with 130,000 sq ft available of commercial space. All commercial space will be located on the first two floors. The rep was tight-lipped regarding the larger stores vying for space, but they promise to be quality names.
Along with the fantastic property, City Place will bring much needed parking to downtown. There will be a combined (residential/commercial) 1067 spaces available. 340 of the public parking spaces will be located on the 2nd floor of the Whole Foods building. The residential parking places will be $30,000 each and will be made available to only those who are residents of City Place. Once the project is complete, through-traffic will be closed down between pineapple and lemon. Pedestrians will be able to manuver around by using a unique "breeze-way". - a first for the area.
A very exciting project taking place in the very exciting city of Sarasota, Florida. I will updating our site to reflect more of this information about City Place at Pineapple Square, but as always, check this blog first as it is the first thing updated when it comes to Sarasota's "goings-ons".
I had to pleasure of speaking with a rep from one of Sarasota's newest downtown developement projects this morning - City Place at Pineapple Square. The more she spoke, the more excited I got as this is going to be a fantastic development.
Before I get into the details I will cut right to the chase. You can get into this City Place starting at around $400,000. This will secure you a 1 bedroom, 1 bath unit with about 765 interior sq feet. Add the porch (which comes with every unit) and you are looking at a total of 1,000 sq ft. A 1 bedroom with den will run you about $425,000, a 2 bedroom/ 2 bath (1200-1400 sq ft) will be $625,000 and a 3 bedroom/ 2.5 bath will be set at $875K. There is also a 2 bedroom/ 2 bath + a den which measure in at between 1500-1700 sq ft.
To secure a unit for yourself will require a $25,000 deposit and 20% of the purchase price. The first 10% will be due at contract with the 2nd 10% at the begining of the "build-out". Demo is going to start in November so it will be exciting seeing City Place taking shape. There will be no assignments before closing, but after you can do whatever you wish with your property.
One of the nice things about this project is that there will be no more than about 6 of each floorplan. As in most cases the developers are going to release only a certain amount at a time and when I find out more specifics I will let you know. The first "move-ins" is realistically set for the first quarter of 2009. City Place will be a mixed use project with 130,000 sq ft available of commercial space. All commercial space will be located on the first two floors. The rep was tight-lipped regarding the larger stores vying for space, but they promise to be quality names.
Along with the fantastic property, City Place will bring much needed parking to downtown. There will be a combined (residential/commercial) 1067 spaces available. 340 of the public parking spaces will be located on the 2nd floor of the Whole Foods building. The residential parking places will be $30,000 each and will be made available to only those who are residents of City Place. Once the project is complete, through-traffic will be closed down between pineapple and lemon. Pedestrians will be able to manuver around by using a unique "breeze-way". - a first for the area.
A very exciting project taking place in the very exciting city of Sarasota, Florida. I will updating our site to reflect more of this information about City Place at Pineapple Square, but as always, check this blog first as it is the first thing updated when it comes to Sarasota's "goings-ons".
