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Downtown Sarasota Sees Tower Rejection, Landmark Demolition

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Downtown Sarasota Sees Tower Rejection, Landmark Demolition

9 sourcesUpdated Nov 2, 20261 min read

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Downtown Sarasota Sees Tower Rejection, Landmark Demolition — © IJR

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Downtown Sarasota’s development landscape is seeing high-rise proposals, historic-building changes and a shift toward senior housing. The city again rejected the controversial Obsidian tower after years of dispute with nearby residents, and the developer’s attorney warned that further legal action could follow. Elsewhere, a historic brick building that once housed the area’s oldest law firm could be demolished for an 18-story, 197-residence condominium tower, while demolition is underway at the Mira Mar site for a project that will preserve part of the original building and add 70 residences in two towers. Senior housing is also taking shape: a 161-unit rental community is under construction, and a separate former condo proposal has been reworked as a 169-unit independent-living development.

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Zumper Compares Asking Rents in Five Cities

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Apartment asking rents were higher than a year earlier in Salinas, Augusta, Montgomery, Tuscaloosa and Elmira, with reported year-over-year gains ranging from a modest increase in Montgomery to 20% in Elmira. Month-to-month trends were mixed: rents fell in Montgomery and Elmira but rose in Salinas, Augusta and Tuscaloosa.

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