Azure on Palm includes 16 luxury condominiums above a parking garage on 711 S. Palm Avenue.
The firm behind a planned Palm Avenue condominium has given the project a name, released renderings of the building and picked a Realtor for the sales process.
Coldwell Banker Residential Real Estate sales associate Roger Pettingell will represent Seaward Development in selling 16 units at Azure on Palm, a five-story luxury condo development at 711. S. Palm Ave. The roughly 2,900-square-foot units range in price from $1.3 million to $1.8 million.
“Azure on Palm is all about luxury, lifestyle and location,” Pettingell said in a release. “The fresh and contemporary style of this new project will fit in perfectly downtown Sarasota.”
Seaward, under a partnership with investor David Hargreaves, bought the property for $875,000 in January from prolific real estate investor and co-founder of Blockbuster John Melk. The company aims to break ground in the spring of 2016.
The development adds 16 residences to the more than 1,300 multi-family units various developers are proposing — or currently building — on sites throughout downtown. Nearby developments include the proposed Echelon on Palm and Sansara, which is in Burns Court.
“Azure was thoughtfully designed to accommodate single family home purchaser, at the same time, offering the modern conveniences of luxury condominium living, said Seaward principal Patrick DiPinto in the release. “Sarasota is not Miami, and smaller boutique communities like Azure help us achieve a more interesting and desirable small-town residential lifestyle.”
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