The city's Planning Board unanimously approves the 23-unit Peninsula Sarasota luxury condo development at Golden Gate Point.
This article has been updated to reflect both Gault Family Cos. and Coastal Luxury Homes as co-developers.
Pending Sarasota City Commission approval, Golden Gate Point is poised to add 23 more luxury condominiums. On Wednesday, the city's Planning Board with little discussion unanimously recommended site plan approval of Peninsula Sarasota, a two-tower development on the 22-acre spit of land that juts into Sarasota Bay just east of the Ringling Bridge.
Located at 223 and 283 Golden Gate Point, Peninsula Sarasota is planned to include eight units in one tower at one unit per floor and 15 in the other with three units per floor, all ranging from approximately 2,500 to 3,000 square feet.
The project was originally planned for 24 units. One condo was removed to create a 3,000-square-foot amenity space on the second floor of the larger building. The entire project will occupy 0.99 acres.
Prices will start at $1.6 million.
Consultant Joel Freedman, representing co-developers Sam Gault of Gault Family Cos. and Joe Feinleib of Coastal Luxury Homes, told planning board members that while the project lends the appearance of two separate but architecturally matching buildings, Peninsula Sarasota will be be a single building with a parking podium connecting the two towers.
"We're proposing using the RMF-5 (Residential Multiple Family) zoning district, so we're not requiring any variances or anything like that,” Freedman said. “We held a voluntary community workshop on Dec. 8, 2021, and we got a lot of good feedback from the community.”
Chris Gallagher of Hoyt Architects, the designer of the project, told the board that Peninsula Sarasota exceeds the required 46 parking spaces by five. Separating the project into two, eight-story towers rather than a single building, he said, provides added value to the residents.
“The advantage this gave to us was it just created more light and it gave more views,” he said. “It’s got a pool at the base of the bigger tower and a common room and a gym. And then we also have some rooftop decks for watching the sunset over Lido."
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