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The Velocity Project presents an exceptional opportunity to acquire a shovel-ready luxury condominium development in Sarasota’s rapidly growing Gillespie Park neighborhood. This offering is structured as a true turnkey investment, with the sale including complete architectural drawings, technical reports, cost analyses, and all supporting materials needed for a smooth development process. With Development Review Committee approvals already secured and permits projected within approximately six weeks, the project is positioned for an expedited construction start. The approved design, created by the acclaimed Solstice Architecture Firm, reflects an aesthetic influenced by the coastal architecture of Spain and Portugal. The development plans call for six generously sized residences designed with high-end finishes, modern layouts, and upscale amenities that appeal to today’s luxury buyers. Situated on a quarter-acre site with Downtown Edge (DTE) zoning, the property benefits from a location within one of Sarasota’s most dynamic and evolving districts. Gillespie Park continues to attract strong buyer interest and investment, supported by a lively environment of local shops, dining destinations, and a diverse mix of architectural character. This is a rare chance to move forward with a fully entitled project while avoiding the lengthy planning stages. Reach out today to obtain detailed project information, financial data, construction estimates, approved plans, and to arrange a site visit.
Property Type
Land
Bedrooms
0
Bathrooms
0
Square Feet
0
Garage Spaces
0
Days on Market
105
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Status
Active
Annual Tax
$7,207
City
SARASOTA
Zip Code
34236
Understand how walkable this neighborhood is and what transportation options are available. These scores help you evaluate the convenience and lifestyle of the area.
Walk Score data unavailable for this location.
School data unavailable for this location.
Based on 20% down ($193,000), 6.5% interest rate, 30-year fixed mortgage. Taxes from the most recent assessment on record. Insurance estimated at 0.5% of list price annually. All figures are estimates — actual costs will vary.
