Newspaper article Sarasota Herald Tribune

Officials Say OK to Quay Project | Infrastructure Work on $1 Billion Project Could Start in 2017

Newspaper article Sarasota Herald Tribune

Officials Say OK to Quay Project | Infrastructure Work on $1 Billion Project Could Start in 2017

Article excerpt

SARASOTA BAYFRONT

SARASOTA -- The massive mixed-use Quay Sarasota development received final city approval Monday night after years of planning.

The potential $1 billion project will combine commercial, residential and office buildings on the long-vacant property and transform the downtown waterfront over the next decade.

The approval sets into motion a series of initial design and permitting efforts for water, sewer and road infrastructure that will serve the overall project, and for the first residential building and waterfront public space on the property.

The new development agreement also requires GreenPointe Communities to begin permitting with the Florida Department of Transportation within the month on the long-planned two-lane roundabout at

U.S. 41 and Fruitville Road that will serve as the main gateway to the bayfront project.

Those efforts will take most of next year. On-site construction of infrastructure will begin in late 2017 or early 2018, said Rick Harcrow, GreenPointe's regional president.

The general development agreement approved Monday provides an overall layout for the site and allows for up to 695 condominiums, 175 hotel rooms, 189,050 square feet of retail space and nearly 39,000 square feet of office space in buildings up to 18 stories high. Plans call for the property to be developed in nine "blocks" that would be reviewed and considered at public hearings as each is individually designed.

The southwestern corner and southern edge of the property are likely to be the first "blocks" developed with around 100 condominiums overlooking the bay alongside retail and office space, said attorney Charlie Bailey, who is working with the developers.

A planned "waterfront district" with a public plaza, shops and restaurants is likely to follow either around the same time or slightly after, Bailey said. The rest of the development will bloom around the site in what is expected to be seven years of active construction, he added.

Before new vertical development on the site begins, however, the plan requires the restoration of the historic Belle Haven Hotel at the center of the property and construction of several multiuse recreational trails along U. …

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