Demand from retiring baby boomers in Sarasota, Florida and a dwindling supply of available units has spurred interest in luxury condos that has not been seen since the Great Recession took hold more than seven years ago.
Nothing has been built in Sarasota in a while. But the world has changed. People have changed. And they're looking for something new.
The Golden Gate condo proposal comes just months after the developer of another luxury tower, an 18-story project known as "The Jewel" at the corner of Gulfstream Avenue and Main Street, unveiled plans to begin construction.
Across the region, condo sales have rebounded, fueled by buyers who do not want the maintenance of a single-family home and who want to be in downtown Sarasota or on Longboat Key.
Source: Sarasota Herald-Tribune, (Josh Salman), June 15, 2013
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