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Sarasota condo project to break ground in October

The Pearl, a five-story luxury condominium, is the latest residential project slated for Golden Gate Point.

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  • | 3:30 p.m. August 25, 2016
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In two months, Golden Gate Point Ventures plans to break ground on the latest luxury condominium proposed for the 22-acre peninsula west of downtown Sarasota.

The Pearl  includes a rooftop patio, pool and spa, cabanas and barbecue area in addition to the residences, which start at $1.6 million, according to a news release. The pet-friendly condominium will feature eight units in five stories on the east side of Golden Gate Point, replacing three buildings constructed before 1965.

“The fact that we serve as both project developer and builder makes us unique,” said David Gruber, who has partnered with construction firm Divisions Unlimited on the project, in the release.“Since we are on site every day, we can assure special care and attention are given to each and every detail.”

Premier Sotheby’s International Realty agents Joel Schemmel and Cheryl Loeffler will market the 2,750-square-foot residences. e developer bought the 14,400-square-foot property for nearly $2 million in March.

The Pearl, at 609 Golden Gate Point, is situated in the middle portion of the peninsula, kicking off a redevelopment trend driven by the lack of vacant land on the outer ring of the neighborhood.

“We're running out of blank pieces of dirt,” said architect Brent Parker, who designed several buildings in the district and served as the Golden Gate Association President in the mid 2000s, in a previous interview with the Sarasota Observer. “Pretty much all the dirt on the water is gone, and it looks like the redevelopment of the center will be the next play.”


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