Learn Why Property Markets Group is Bullish on Sarasota’s Downtown

While Florida has long been a coveted destination for coastal living, one area is rapidly emerging as a new epicenter. On the Cultural Coast, Downtown Sarasota has swiftly become the preferred address for discerning global travelers, earning a host of accolades that reflect its rising prestige. But it’s not only the beaches and bayfront that are capturing people’s attention. Discover why industry-leading developer Property Markets Group (PMG) has set its sights on this location for its next groundbreaking venture.

About Property Markets Group

Since its founding in 1991, Property Markets Group (PMG) has specialized in exceptional new construction for both commercial and residential buildings. PMG’s iconic projects, with a portfolio valued at $8 billion, span Florida, New York City, South Carolina, Chicago, and more. These include landmarks like the Waldorf Astoria in Miami, Echo Aventura, and over 80 residential buildings in Manhattan. Renowned for its meticulous design and construction, PMG is celebrated for its commitment to transforming skylines of the nation’s most sought-after destinations.

The Duality of Downtown Sarasota

Ranked as the second-best place to live in Florida and eleventh in the nation by U.S. News & World Report, Sarasota stands out for its distinctive dual lifestyle. Siesta Key Beach provides a serene seaside experience where miles of top-rated beaches are celebrated for their powdery white sand and crystalline turquoise waters. In contrast, Downtown Sarasota caters to those seeking the finer things in life. The area is always evolving not only with new Zagat-rated dining and shops, but also new entertainment venues.

A highlight of this transformation is The Bay, a former parking lot now reimagined into a stunning 53-acre park. It hosts a variety of community events and amenities, including a kayak launch, an ibis-themed children’s playground, a waterfront event lawn, and a boardwalk along Sarasota Bay. Plans for a new performing arts center will further enhance the area’s cultural offerings, joining the ranks of the Sarasota Orchestra, the Van Wezel Performing Arts Hall, and dozens of art galleries and museums. Quay Sarasota, a new 14-acre district across from The Bay, is also set to introduce new retail destinations and restaurants, including the acclaimed Ocean Prime.

Sarasota’s Business Scene Continues to Grow

The dynamic blend of urban vibrancy and natural serenity has attracted both individuals and businesses to the Cultural Coast. While the service industry remains a key driver of the region’s economy, Sarasota is also a thriving hub for technology, finance, manufacturing, and corporate operations. The Sarasota Memorial Health Care System, PGT Innovations, and HCA Florida are pivotal in advancing life sciences and pharmaceuticals. Additionally, major companies like Tropicana, Venice, Wells Fargo, and AT&T contribute significantly to the local economy. Headquarters for Boar’s Head, Western Global Airlines, and healthcare communication leader Voalte further underscore the area’s appeal. With all these businesses and talented professionals moving in, the local economy is set to keep growing strong.

Dan Kaplan, managing partner at Property Markets Group, agrees that the region is poised for continued expansion. “We think that population growth in the region will continue significantly,” said Kaplan. “It has also seen positive momentum thanks to the state’s favorable tax environment. Downtown Sarasota may be a retirement capital, but you’re also getting a lot of younger residents moving in as well. We believe that pattern will continue.”

A New Standard of Luxury Arrives

Among the expanding neighborhoods, The Quay stands out as the most desirable. This dynamic district is transforming the Sarasota Bay waterfront into a coveted enclave with upscale retail, boutique hotels, and fine dining. PMG has chosen this dynamic area for its newest condominium, One Park Sarasota. Each of the 86 residences boasts 12-foot ceilings, floor-to-ceiling glass walls, and private terraces with breathtaking views of Downtown Sarasota. Artisanal quality craftsmanship is found throughout, with interior highlights including midnight bars in primary bedrooms, state-of-the-art kitchens, high-end Italian cabinetry, and PMG’s renowned smart home technology.

“We are firmly committed to fostering growth within Sarasota, and we are thrilled to advance this goal with the development of One Park Sarasota,” said Kaplan. “Just as the Waldorf Astoria Residences Miami will forever be a cornerstone of Miami’s skyline, One Park Sarasota will elevate Sarasota’s skyline and set new standards in architectural design. We are confident it will become a landmark building for The Quay and a symbol of world-class luxury living on Florida’s Cultural Coast.”

PMG is delighted to share that One Park Sarasota is set to break ground this fall. Sales are already in full swing, managed exclusively by Coldwell Banker Real Estate. To learn more about this landmark address, visit OneParkSarasota.com or call 941-225-4447. The One Park Sales Gallery is open at 20 N. Lemon Avenue, just south of First Street in Downtown Sarasota.