Sarasota Square Mall redeveloper releases first group of retail tenants

The redeveloper of the former Sarasota Square Mall has revealed new details of its 96-acre mixed-use project at the corner of U.S. 41 and Beneva Road.

Whole Foods Market will anchor Phase One of the retail development, leasing approximately 35,828 square feet of space. Adjacent to Whole Foods, home decor and furniture retailer HomeSense has signed a lease for 24,214 square feet. Three fast-casual restaurants — Chipotle Mexican Grill, CAVA Mediterranean and Joe & The Juice — will occupy a combined 7,418 square feet. 

Charles Schwab will also open a new branch totaling 5,163 square feet.

“I’d like to thank Rod Castan and Alyona Tsutskova from our brokerage partner, Metro Commercial Real Estate, for getting us out of the gate strong and securing our first group of tenants,” said Torburn Managing Director Michael Simpson in a news release. “Landing Whole Foods as our first anchor tenant affirms our belief in the need for an upscale lifestyle center that redefines how people live, shop and connect in one of Florida’s most dynamic coastal communities.”

Plans for Sarasota Square include 1,200 luxury residential units; 530,000 square feet of retail, restaurant and commercial space; and more than one acre of outdoor gathering space for social events and community programming.

According to the news release, the project will feature pedestrian-friendly districts, lush landscaping, wellness-oriented amenities and a dedicated event venue designed to support year-round activations.

Torburn will develop Sarasota Square in three phases. The retail portion is already under construction, and the residential will break ground in the first quarter of 2026. 

Meanwhile, leasing activities remain underway.

“We are currently in discussions with several well-known brands in the health and fitness, lifestyle, and hospitality sectors and look forward to announcing additional tenants soon,” Simpson said in the news release. “Our goal is to deliver an elevated, lifestyle-driven environment where residents and visitors can shop coveted brands, enjoy a night out with friends and connect at curated events while also meeting their everyday needs.”

Torburn Partners is a privately held commercial real estate investment firm based in Northbrook, Illinois. Founded in 2012, the company specializes in acquisitions, real estate development, asset and property management, and construction management.

For information about retail leasing, contact Torburn Partners Chief Operating Offider Adam Keldermans at 847-562-1616 or [email protected].