For Sale 20 N Washington Blvd

For Sale

20 N Washington Blvd

Contact: John B. Harshman, Broker Phone: 941-951-2002 Fax: 941-366-5818 1575 Main St., Sarasota, FL 34236 Email: [email protected] www.harshmanrealestate.com )

Subject N Tamiami Trail (US 41) N Washington Blvd (US 301

Interstate 75

20 N. Washington Blvd., Sarasota, FL

CONTENTS

Property Information

 Broker Notice  Property Summary  Aerial Photo  Tax Map  Survey  Redacted Ardaman & Associates Phase 1 Summary

Appendices

 Zone District Map  City of Sarasota DTC Zoning Code Excerpt  City of Sarasota Development Report  Sarasota County Bid Contract for Sale IMPORTANT NOTICE

The information contained herein, while based upon data supplied by the seller and obtained form other sources deemed reliable, is subject to errors or omissions and is not, in any way, warranted by Harshman & Company, Inc. or by any agent, independent associate or employee of Harshman & Company.

Harshman & Company, Inc. (Broker) hereby notifies prospective buyers that it shall be the buyer’s responsibility to verify any and all representations made by seller and/or Broker regarding the property, its condition, improvements, utilities, zoning, insurability, conformance and/or compliance with federal, state and local laws and any and all restrictions of ingress/egress, boundaries and use. Buyer recognizes that the Broker is not an expert in legal, tax, financial, appraising, surveying, structural conditions, hazardous materials, engineering, land use or other areas.

Exclusive Right of Sale Listing

Harshman & Company, Inc. is the Exclusive Listing Agent for the subject property and is presenting this property to Qualified Principal Buyers with expertise in real estate investment and development.

Inquiries regarding the property described herein should be directed to:

John B. Harshman, Broker Harshman & Company, Inc. 1575 Main St. Sarasota, FL 34236

Phone: 941-951-2002 FAX: 941-366-5818 Email: [email protected]

Property Summary

Address: 20 N. Washington Blvd., Sarasota, FL 34237

Parcel ID#: 2027-01-0012

Owner: Sarasota County

Description: The subject is a surface parking lot approximately .95 acres in size.

Location: The subject is located at the northeast corner of the signalized intersection of N. Washington Boulevard and Main Street within the City of Sarasota “downtown core” neighborhood district. This is a historically commercial and governmental district and is a highly visible and prominent corner location. The neighborhood includes the historic Sarasota County Courthouse, Sarasota County Sheriff and jail, Center Pointe office building, movie theaters as well as other mid and low-rise office buildings. The Courthouse Centre condominiums are the only residential development in the immediate area; however, additional residential development is planned. The absorption of residential development sites west of N. Washington Blvd and the lower land values east of N. Washington Boulevard are encouraging developers to view this neighborhood for residential development. Examples of residential expansion into this neighborhood include the two townhouse developments under construction on different blocks of School Avenue and an apartment project in permitting at the former Ringling Shopping Center site which suggests an opening of the market for residential use in the neighborhood east of N. Washington Boulevard.

Zoning: The subject is zoned Downtown Core (DTC) within the City of Sarasota. This is a very flexible zoning classification permitting residential to 50- units per acre, hotel, office, retail and restaurant. The height limitation is a generous 10-story limit. See zoning excerpts herein.

Land Size: 41,599 +/- square feet

Improvements: Paved parking lot

Primary Grid Street: The subject fronts Main Street and N. Washington Blvd. Both streets are designated by the City of Sarasota as “Primary Grid Streets” which imbues additional development design and ingress/egress restrictions. Purchasers must consult the City of Sarasota zoning code for clarification.

Traffic Count: FDOT average daily vehicular traffic count 31,000+

Utilities: Sarasota City water and sewer

Ad Valorem Taxes: The Subject is owned by Sarasota County and therefore is immune from taxes. The current mileage is 16.102.

Assessed Value: Sarasota County Property Appraiser’s taxable value - $1,905,400

Minimum Bid Terms: The following minimum bid terms must be included in the Purchaser’s bid for the bid to be considered by Sarasota County.

Bid List Price: $3,100,000 (bid price must meet or exceed the bid list price)

Due Diligence: Maximum of 90 days for due diligence

Site Plan Approval: The bid offers a maximum of 30 days after the due diligence period for closing.

Sale Process: The subject is being sold by Sarasota County pursuant to Sarasota County Ordinance No. 2016-087 and Florida Statutes 125.35. All Bids to Purchase must satisfy the minimum bid requirements listed in this Offering Memorandum to be considered by the Sarasota County Board of County Commissioners. Bids must be received by Sarasota County Real Estate Services, 1660 Ringling Blvd., Room 240, Sarasota, FL 34236, Attn: Cheri J. Ivarsson, by 5:00 p.m. on or before June 19, 2018 to be considered.

For purchase contract bid details contact broker or go to: https://www.scgov.net/government/real-estate-services/surplus- lands/20-north-washington-blvd

Data contained herein was obtained from reliable sources but not warranted by Harshman & Company, Inc. Buyers are responsible for completing all inspections and due diligence to verify all property information.

/ SCPA This map is a product of, and prepared for use by the Miles Sarasota County Property Appraiser's Office 0 0.05 0.1 No warrenties are expressed or implied / SCPA This map is a product of, and prepared for use by the Miles Sarasota County Property Appraiser's Office 0 0.05 0.1 No warrenties are expressed or implied Exhibit "A"

11..1 I LOT 4 I LOT 25 � I 2 I S.89°54'54"E.1 233.00' v gL I 0 I I 125' (P) + ..."' � I� w -/tl.,j- ::5 1; � LOT 28 LOT 27 : P.I.D. NO. 12021-01-0012 in � � i I � � i; /� j 50' (P) T 50' P) i 50' (P) j 50' (P) l...1 ... I I I I \J . CORRECTED PLAT OF GOLF COURSE HEIGHTS I� I PLAT 8001( 1, PAGE 5 I l�P I I I I 1�a LOT 2a I LOT 29 1 LOT Jo I LOT 31 1 1-g I I I I I z I I BLOCK "A" I I BLOCK "B" I I I I I L40,L I I I I 1 I I I I I I I I I I I I 50' (P) I 50' (P) I 50' (P) I 50' (P) L_! 7' '� 1 '-' _.____ I N.89"55'14"W. 233.23' i _I� CP> - 1 --t------MAIN STREET ------80' R/W PER P.B. 1, PG. 5 ABBREVIATION LEGEND R/W • RIGHT-Of-WAY sue. .. SUBDMSION P,B, • PLAT BOOK PG. • PAGE SEC. • SECTION All of Lots 26, 27, 28, 29, 30, 31 and 32, Block "A", lWP. • TOWNSHIP RNG. • RANGE CORRECTED PLAT OF GOLF COURSE HEIGHTS, according to the N.T.S. • NOT TO SCALE plat thereof recorded in Plat Book 1 , Page 5 of the Public NO. • NUMBER P.C. • POINT Of CURVATURE Records of Sarasota County, Florida. LESS Right-of-Way for \: • CENTERLINE �.R.B. • OFACIAL RECORDS BOOK U.S. 301 (Washington Blvd.) according to the State Road P,l,D. • PROPERTY tDENT1F1CATION Department Right-of-Way Map for Road No. 883, Section R.P.B. a R� PLAT BOOK S.R. • STATE R� 1702-( 102) 2104, recorded in Road Plat Book 1, Page 35 (P) • PLAT of the Public Records of Sarasota County, Florida.

Containing 41,595.9 square feet more or less. SURVEYOR'S NOTES 1. BEARINGS SHOWN ARE BASED ON STATE ROAD DEPARTMENT RIGHT-OF-WAY MAP SEC. 1702-(102} 2104, RECORDED IN ROAD PLAT BOOK 1, PAGE 35 OF THE PUBLIC RECORDS OF SARASOTA COUNTY, t FLORIDA. THE EAST RIGHT-OF-WAY LINE I� OF U.S. 301 - WASHINGTON BLVD. BEING N 00·03•oo"W. 0 2 2. THIS DRAWING IS A DESCRIPTION SKETCH - ONLY AND DOES NOT REPRESENT A FIELD i• TERI S. OWEN,. COUNTY S EYOR DATE SURVEY OF THE PARCEL DESCRIBED. e PROFESSIONAL; SURVEYOR AND :MAPPER NO. 5928 3. PREPARED WITHOUT THE BENEFIT OF AN a. STATE OF FLORIDA _ I i::- ABSTRACT OF TITLE OR AN ATIORNEY'S i 1001 SARASOTA. CENTER BLVD: . 1. TITLE OPINION OF TITLE, THEREFORE, JJ SARASOTA, FLORiDA ..... _ .. _..�4240 ANY DEED OVERLAP OR HIATUS OR ANY n•u "' RECORDED OR UNRECORDED \:f'{O� RIGHTS-OF-WAY AND OR EASEMENTS MAY NOT BE SHOWN. MAIN STREET- U.S 301(WASHINGTON BLVD.) PARCEL = 41,595.9 Square Feet ± JOB NO. DRAWN J.R.M. DATE 5-24-13 SURPLUS Phase 1 Environmental Summary

The redacted excerpts from the Ardaman & Associates, Inc. phase 1 environmental report contained herein was provided by a previous contract purchaser, name redacted, and is intended only as an assistance to any interested purchaser of the subject property. The buyer remains solely responsible for verifying any information contained herein and neither the seller nor its agents warrant the correctness of the Ardaman & Associates, Inc. phase 1 environmental report.

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V L E Note: Note: Map provided for informational purposes. see official Please zoning formap exact zoning district boundaries.

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O SarasotaSarasota J The Downtown Core Zone District (DTC) Excerpt

The Downtown Core (DTC) district is a very dense mixed-use urban area. Residential dwellings are generally multiple-family and located in tall structures. Residential dwellings may be built up to a maximum density of fifty (50) dwelling units per acre. Non-residential uses are varied and include department stores, entertainment facilities, restaurants, offices and lodging uses. Ground floor retail is allowed everywhere and is mandatory on certain designated frontages. Building height shall be limited to a maximum of ten (10) stories except as provided for in Table 1003 (Building Height). Building frontages include stoops, forecourts and storefronts.

When the Zone District Regulations apply:

• These regulations apply to all new development. • To any expansion or exterior remodeling of existing buildings with a final determination from the Planning Director.

For example, remodeling a storefront may require compliance with standards, such as; window area, window shape and exterior finish materials and an addition would need to comply with standards, such as; setbacks, height limits and parking.

When these regulations do not apply:

• Existing buildings and uses that do not conform to the provisions of these regulations may continue as they are. However, if a prohibited use ceases for 24 consecutive months, the use shall not be re-established. The Planning Director may grant one extension for an additional 12 months, provided the property owner applies for the extension at least 60 days prior to the end of the original 24-month period. The application shall demonstrate that restoration of the use has been diligently pursued and that practical difficulties will preclude a timely restoration of the use within the original 24-month period. Subsequent uses shall conform to the district regulations. Any final decision of the Planning Director may be appealed to the Planning Board in accord with Section IV-1901 (F) of this code.

• Normal repair and maintenance may be performed on existing buildings.

For example, (1) repair of a broken window would not require compliance with the building design standards for window area and shape or (2) repair of a leaking roof would not require compliance with the roof design standards.

• Any existing or approved structure or structures on a single zoning lot under condominium ownership or cooperative long term leases may be rebuilt after destruction to the prior extent of nonconformity as to height, stories and density of units per acre regardless of the percentage of destruction. In the event of such rebuilding, all other applicable district requirements shall be met unless an Adjustment is obtained in accord with Section IV-1903 of this code.

Valid Development Approvals:

• A project for which an application for site plan approval has been filed prior to the effective date of these regulations may be reviewed, approved and constructed under the prior regulations.

• A project for which a site plan has been approved under the prior regulations may be constructed as approved provided a building permit is issued prior to expiration of such approval.

Downtown Core Zoning District - 8/04 Page - 1

• Structures and uses in projects filed prior to the effective date or which have already been approved and issued a building permit prior to expiration of such approval shall not be deemed nonconforming but shall be deemed to be lawfully existing in conformity with these regulations and shall be allowed to continue as lawfully existing uses or structures.

Use Chart Excerpts:

Permitted Uses Minor Conditional Use Approval Major Conditional Use Approval Required Required Residential Commercial Recreation Major Event Entertainment Office Commercial Parking Bars, Tavern, Nightclubs Retail Sales and Service Quick Vehicle Servicing Colleges Personal Service Oriented Alcoholic Beverage Store Community Services Entertainment Oriented Motor Vehicle / Boat Sales Agency Aviation and Surface Passenger Terminals Hotel / Motel and Other Temporary Motor Vehicle / Boat Showroom Detention Facilities Lodging Repair Oriented Commercial Wireless Telecommunication Towers Artisan Studios Vehicle Repair Basic Utilities Private Clubs

Parks, Open Space, and Playgrounds Religious Institutions Schools

Development Standards Excerpts:

Density 50 units / acre Height 10 Stories Zoning Lot Size Minimum 1,800 sq. ft. Building Setback Minimum Front 0 ft. Maximum Front 5 ft. Minimum Side 0 ft. Minimum Rear 0 ft.

Note: Additional Exceptions for Height in the DTC.

Existing buildings over 10 stories. In the DTC, an existing building (as of January 6, 2003) over 10 stories in height may be removed, demolished, or destroyed and replaced with a new building. The maximum height of such new building shall be either the number of feet which previously existed in the demolished building or the maximum number of stories allowed in DTC, whichever is greater.

Downtown Core Zoning District - 8/04 Page - 2 Parking Requirements:

DTC Required Parking - Residential 1.0 spaces for each dwelling unit - Non-Residential 1.0 space for each 500 sq. ft. of floor area - Transient Lodging 0.5 space for each guest unit. - Bicycle One bicycle parking space shall be provided for every fifteen off-street vehicular parking spaces. Exceptions to Liner buildings and independent building of less than 10,000 sq. ft. floor area shall not be Required Parking required to provide off-street parking. On street parking along the corresponding frontage lines shall be counted toward fulfilling the parking requirements. Locally designated historic buildings shall not be required to provide parking in addition to that, which exists. Location of Surface parking shall be located in the second or third layer and masked by a street wall Required Parking - or liner building. Garages shall be located in the third layer and masked by a liner Primary Street Grid building. Loading areas / spaces are prohibited along frontages. (See Map VI-1001)

The required design standards are stated in Table VI-1004 of the Downtown Code. These standards are limited to portions of buildings with frontages that face a primary street. Building frontages that face a secondary street are exempt from these standards.

Intent of Primary Street Frontages:

An excellent frontage is one that provides a high level of positive stimulus and interaction for the pedestrian. In an ideal setting, buildings would form a continuous edge, generally up against the outer edge of the right-or-way, with large expanses of glass for pedestrians to see what is happening inside, and a constant sense of give-and-take between inside and outside. The width of the buildings along the street would be relatively narrow, with a range and variety of stores and shops. Restaurants and other uses might spill out onto the sidewalk creating open-air cafes, galleries and other attractions. Landscaping is prevalent, but does not dominate the setting, and does not prevent the pedestrian from getting close to the buildings, storefronts and display window. 10th Street N

Downtown Core Zoning District - 8/04 Page - 3 CITY OF SARASOTA DEVELOPMENT REPORT Winter 2018

OFFICE OF ECONOMIC DEVELOPMENT 1782 Dr. Martin Luther King, Jr. Way Sarasota, FL 34234

Pg 1 of 24 The City of Sarasota provides this quarterly report to keep residents, visitors, and businesses informed about the successful evolution of our City.

HIGHLIGHTS SINCE THE LAST REPORT: • This report now includes all City developments, an expansion of the previous reports’ boundaries, which were limited to Downtown. • Completed projects identified in this report will be limited to those that received a Certificate of Occupancy within one year of the reporting period.

UPCOMING IMPROVEMENTS:

• The quarterly map will include the major transportation, streetscape, and other public capital improvement projects initiated by the City, County, or other municipal partners. • The contents of this report will be available electronically on the City’s Office of Economic Development webpage. • The City’s “SRQ Development” App will be updated to provide dynamic data searching and the ability to print development maps at your convenience. • A “Project Contact” will be provided for each development. • Parties who wish to receive the quarterly report will be able to subscribe on our website to do so.

FOR OMISSIONS, ERRORS, OR TO SUBMIT PHOTOGRAPHS OR RENDERINGS FOR THIS RPEORT: Please contact Redevelopment Manager Susan Dodd at [email protected] or 941-926-6134

THE COMPREHENSIVE OVERSIGHT OF THESE AND OTHER CITY DEVELOPMENTS IS MANAGED BY THE PROFESSIONALS AT THE CITY OF SARASOTA’S DEVELOPMENT SERVICES DEPARTMENT, WITHOUT WHICH THIS REPORT COULD NOT BE GENERATED. Timothy Litchet, Grecthen Schneider, Dan Greenberg, Lucia Panica, Karen Grasset, Kathleen Kelley

On the Cover:

Aerial view of the City of Sarasota public parking lot where construction will soon begin on a public parking garage.

Pg 2 of 24 JANUARY 1, 2018—APRIL 1, 2018 WINTER 2018 DEVELOPMENT MAP

For ease of reference – the City of Sarasota has been divided into nine geographic areas.

85 PROJECTS: 46 IN DEVELOPMENT which includes • Projects identified in the media • Projects having submitted applications for development • Projects having received development approval • Projects having submitted applications for building permit 28 IN CONSTRUCTION which includes • Projects that have been issued a building/foundation permit • Projects actively in construction • Projects that are substantially complete (TCO) 11 COMPLETED which includes • Projects that have received a Certificate of Occupancy and or Certificate of Completion within one year

Pg 3 of 24 6 CITY NORTH 7 UNIVERSITY PARKWAY WINTER 2018 DEVELOPMENT MAP OLD BRADENTON ROAD BRADENTON OLD

63 28 64 62 41 84DR. MARTIN LUTHER KING, JR. WAY

Office of Economic Development 9

1782 Dr. Martin Luther King, Jr. Way 42 U.S. 301 17TH Sarasota, FL, 34234 45 31

11 10TH ST IN DEVELOPMENT On Cost Comm. Hotel Status Project Location Type Developer Architect Apts Condos Map (Millions) Sq Ft Rms

In Sarasota Manatee Chancellor Design Group 6 Airport Hotel 965 University Pkwy Hotel $6.3 0 0 0 136 Development Phase 1 Airport Authority (Warwick, RI)

In 995 Airport Circle Sarasota Manatee Chancellor Design Group 7 Airport Hotel Hotel TBD 0 0 0 64 Development Phase 2 (Behind Hampton Inn) Airport Authority (Warwick, RI)

Dev App City of Sarasota 9 Amaryllis Park Place 1912 N Orange Ave Residential HOYT Architects TBD 0 84 0 0 Pending Phase 1 Housing Authority

Dev App Imeca Lumber and Hardware 3251 N Washington Blvd 25 Commercial Cocchiola, LLC Schimberg Group TBD 9,400 0 0 0 Pending (aka Washington Commercial) (Two blocks south of Myrtle)

Bldg Permit Miss Susie's 1741 Dr. Martin Luther King, Jr. TableSeide 28 Commercial HOYT Architects $0.24 2,400 0 0 0 Pending Newtown Kitchen Way (East of Orange Ave) Restaurant Group

Bldg Permit Residential The Pines of 31 The Pines Renovation 1501 N Orange Ave Harvard Jolly $2.5 N/A N/A N/A N/A Pending Renovation Sarasota, Inc.

Bldg Permit Benderson 41 Starbucks North 2455 N Tamiami Trail Commercial TBD $0.2 2,200 0 0 0 Pending Development

In South of Whitaker Bayou, East of 42 The Strand on Whitaker Bayou Residential Jebco Ventures HOYT Architects TBD 0 0 116 0 Development Tamiami Trail

In 1400 N Tamiami Trail Residential Mixed Halflants + Pichette, Studio 45 Whitaker Lofts Halflants + Pichette TBD TBD 0 21 0 Development (Between 14th and 15th St) Use for Modern Architecture IN CONSTRUCTION On Cost Comm. Hotel Status Project Location Type Developer Architect Apts Condos Map (Millions) Sq Ft Rms

RCAD Post Production - Sound NE corner of Dr. Martin Luther Ringling College of 62 In Construction Educational DSDG Architects $8.2 N/A N/A N/A N/A Stage Complex King, Jr. Way and Central Ave Art and Design, Inc.

Ayers Saint Cross 2715 S. Riverside Drive Ringling College of 63 In Construction RCAD Student Housing Educational Architects $2.0 N/A N/A N/A N/A (Dr. MLK Jr. Way and Central) Art and Design, Inc. (Baltimore, MD)

2400 N Tamiami Trail Ringling College of Sweet Sparkman 64 TCO issued RCAD Visual Arts Building Educational $8.6 N/A N/A N/A N/A (on Dr. MLK, Jr. Way) Art and Design, Inc. Architects COMPLETED IN LAST FOUR QUARTERS On Cost Comm. Hotel Status Project Location Type Developer Architect Apts Condos Map (Millions) Sq Ft Rms

Project SE corner Old Bradenton Rd and Ringling College of Shepley Bulfinch 84 RCAD Alfred R Goldstein Library Educational $13.6 N/A N/A N/A N/A Completed Dr. MLK Jr. Way Art and Design, Inc. (Boston, MA)

Pg 4 of 24 17TH ST

37 U.S. 301

44 10 4 FRUITVILLE ROAD

30 SCHOOL AVE SCHOOL MOUND Office of Economic Development 1782 Dr. Martin Luther King, Jr. Way BAHIA VISTA Sarasota, FL, 34234 21 39 38 Office of Economic Development 72 1782 Dr. Martin Luther King, Jr. Way Sarasota, FL, 34234 CITY EAST

U.S. 301 SIESTA DRIVE CITY SOUTH WINTER 2018

33 DEVELOPMENT MAP IN DEVELOPMENT On Cost Comm. Hotel Status Project Location Type Developer Architect Apts Condos Map (Millions) Sq Ft Rms

Bldg Permit 2724 Fruitville Rd 4 2724 Fruitville Rd Office Building Commercial 2700 Fruitville, LLC CMSA Architects $0.6 5,009 0 0 0 Pending (West of Tuttle Ave)

Bldg Permit 2901 Fruitville Rd Centennial Bank/Blue Forum Architecture 10 Arbor Village Residential $9.0 10,000 0 80 0 Pending (Across from Fairgrounds) Sky Communities (Altamonte Springs, FL)

In 4 Pts by Sheraton 1425 S Tamiami Trail (Just south Daus Investments, Leese and Associates 21 Hotel Renovation TBD 0 0 0 N/A Development (aka Baymont Conversion) of Midtown Plaza) LLC (Denver, CO)

Dev App 301 S School Ave David Weekley David Weekley 30 Payne Park Village Residential TBD 0 0 87 0 Pending Phase I (East of Payne Park) Homes Homes

Bldg Permit 4034 S Tamiami Trail Interplan, LLC 33 Regions Bank Commercial Regions Bank $1.2 3,800 0 0 0 Pending (Two blocks s.of Bee Ridge) (Orlando, FL)

Richman Group of FL Bldg Permit Ringling Blvd Mixed Use Residential Mixed Humphreys and Partners 34 2260 Ringling Blvd (West Palm Beach, $22.4 36,849 222 0 0 Pending Apartments Use (Maitland, FL) FL)

In 930 N Beneva Rd (Across from Charter School LAI Design Associates 37 Sarasota Daycare Educational TBD 0 0 0 0 Development Sarasota Commons) Beneva, LLC (Estero, FL)

Gresham, Smith, and Dev App NE corner of Arlington St and Sarasota County 38 SMHl Parking Garage Parking Garage Partners $7.8 0 0 0 0 Pending Osprey Ave Public Hospital Board (Tampa, FL)

In 1700 S. Tamiami Trail Sarasota County Flad Architects 39 SMH Surgical Oncology Tower Medical/Hospital $139.0 N/A 0 0 0 Development (SMH Campus) Public Hospital Board (Tampa, FL)

Dev App JBCC Development, Cuhaci and Peterson 44 WaWa NW corner of Fruitville and Lime Commercial TBD 5,636 0 0 0 Pending LLC (Orlando, FL) IN CONSTRUCTION On Cost Comm. Hotel Status Project Location Type Developer Architect Apts Condos Map (Millions) Sq Ft Rms Gresham, Smith, and 1700 S. Tamiami Trail Sarasota County 72 In Construction SMH Rehab Pavilion Medical/Hospital Partners $31.4 N/A N/A N/A N/A (SMH Campus) Public Hospital Board (Tampa, FL)

COMPLETED IN LAST FOURPg 5 of 24 QUARTERS BARRIER ISLANDS WINTER 2018 DEVELOPMENT MAP

40 61 COON KEY 8

IN DEVELOPMENT On Cost Comm. Hotel Status Project Location Type Developer Architect Apts Condos Map (Millions) Sq Ft Rms

Dev App Commercial 8 Alvin's Island St. Armand's Circle Marco Destin, Inc. Parker Walter Group TBD 14,506 0 0 0 Pending Renovation

City of Sarasota, Dev App Lido Pavilion Commercial 27 Lido Beach Pavilion Lido Beach Redev., APEX-Studio Suarez TBD TBD 0 0 0 Pending Public Private Renovation Renovation LLC Nichols Brosch Wurst Dev App 36 Sandcastle Resort 1540 Ben Franklin Drive Hotel Lido Sand, LLC Wolfe TBD 0 0 0 304 Pending (Coral Gables, FL) City of Sarasota, St. Bldg Permit St. Armand's Public Parking Jonathan Parks / Solstice 40 47 N Adams Drive Parking Garage Armand's Property $12.0 0 0 0 0 Pending Garage Architecture and Planning Owners IN CONSTRUCTION On Cost Comm. Hotel Status Project Location Type Developer Architect Apts Condos Map (Millions) Sq Ft Rms

Plymouth Harbor 700 John Ringling Blvd THW Designs, Inc 61 TCO issued Residential Plymouth Harbor Inc. $19.7 0 0 12 0 NW Garden Building (on Coon Key) (Atlanta, GA) COMPLETED IN LAST FOUR QUARTERS Office of Economic Development 1782 Dr. Martin Luther King, Jr. Way Sarasota, FL, 34234

Pg 6 of 24 DOWNTOWN WINTER 2018 DEVELOPMENT MAP 74 10TH ST 11 15 80

54 65 77 16 67 76 12 69 35 66 73 52 18 32 14 47 BLVD WASHINGTON 29 46 23 24 22 FRUITVILLE 19 55 2 78 50 1 49 70 68 20 TAMIAMI TRAIL TAMIAMI 48 85 MAIN ST

79 59 57 51 5 17 RINGLING 26 60 82 83 13 AVE SCHOOL

56 BLVD WASHINGTON 75

81 43 58 53 71 IN DEVELOPMENT MOUND WOOD ST On Cost Comm. Hotel Status Project Location Type Developer Architect Apts Condos Map (Millions) Sq Ft Rms

Dev App 1221 1st St Halflants + Pichette, Studio 1 1221 1st Street Residential 1221 1st Street, LLC TBD 0 0 5 0 Pending (Next to "Social on 1st") for Modern Architecture

In 1335 2nd Street 2 1335 2nd Street Residential MK Equity Corp ARS Architecture $11.0 0 0 12 0 Development (Just east of Library Mews)

In 1469 5th Street Tetra Terra Kevin Bryon, Architect 3 1469 5th Street Residential $3.3 0 0 7 0 Development (W of Lemon Ave) Development (Tetra Terra)

Dev App Miles Group 5 680 Golden Gate Point 680 Golden Gate Pt Residential TBD TBD 0 0 15 0 Pending Sarasota, LLC

Planning Firm: Sasaki In 11 The Bay Multiple parcels TBD City of Sarasota Associates TBD TBD TBD TBD TBD Development (Boston, MA)

Bldg Permit Residential Mixed Stantec 12 BLVD Sarasota Multiple parcels Core Development $69.0 17,625 0 51 0 Pending Use (Orlando, FL)

Bldg Permit Church of the 13 Church of the Redeemer 222 S Palm Avenue Religious APEX-Studio Suarez $4.3 N/A 0 0 0 Pending Redeemer, Inc

Dev App Cine on 4th 332 Cocoanut Ave Residential Mixed 14 332 Cocoanut LC Aldina (Famiglio) DSDG Architects TBD 9,151 0 36 0 Pending (aka 332 Coconaut) (SE corner 4th and Cocoanut) Use

Dev App. 850 Cocoanut Ave Residential Mixed Jay Harvey Holdings Forum Architecture 15 Cityside TBD 8,700 253 0 0 Approved Phase II (North of Phase I ) Use LLC (Altamonte Springs, FL)

Dev App The Courtyard at Citrus 555 N Orange Ave Residential Mixed 16 MBFC LLC HOYT Architects $2.5 6,300 0 18 0 Pending Phase II (Orange and Blvd of the Arts) Use

Dev App. Residential Mixed 17 The DeMarcay 33 S Palm Ave XAC Developers Parker Walter Group $23.7 2,400 0 39 0 Approved Use

Dev App. NE corner of Cocoanut Ave and Residential Mixed Drapac Group Halflants + Pichette, Studio 18 DRAPAC $4.2 2,820 62 0 Approved 4th Street Use (Atlanta, GA) for Modern Architecture

Pg 7 of 24 IN DEVELOPMENT On Cost Comm. Hotel Status Project Location Type Developer Architect Apts Condos Map (Millions) Sq Ft Rms

Dev App. East and Fruitville 218 N East Ave Oaktree 19 Commercial C. Alan Anderson TBD 7,000 0 0 0 Approved Commercial (East Ave and Fruitville Rd) Development

Dev App 1st and Audubon 1st Street, between East Ave ICON Residential, Mesh Architecture 20 Residential TBD 0 0 32 0 Pending Townhomes and Audobon Place Tampa, FL (St. Petersburg, FL)

Dev App N side of Fruitville, between Choice Hotels 22 Fruitville Hotel Hotel HOYT Architects TBD 0 0 0 118 Pending Cocoanut and Central International

Dev App The Grande Quay Site 'Block 6' (the SW Residential Mixed SB Architects 23 Quay Venture, LLC TBD 9,500 0 73 0 Pending (aka Quay Block 6) corner of the site) Use (Coral Gables, FL)

Bldg Permit 290 Cocoanut Ave RebCo Ventures, 24 Hampton Inn and Suites Hotel HOYT Architects $18.3 0 0 0 150 Pending (Cocoanut Ave at Fruitville Rd) LLC

Bldg Permit 145 Pineapple Ave State Street Partners 26 Lemon Avenue 'Liner' Building Commercial HOYT Architects $0.95 8,620 0 0 0 Pending (East of Paul Thorpe Park) SRQ LLC

In Palsar 29 Palsar Multiple parcels TBD TBD TBD TBD TBD TBD TBD Development Developments, Inc.

GreenPoint Foundation Quay Sarasota Residential Mixed Stantec 32 333 N. Tamiami Trail Communities LLC TBD 218,550 TBD 622 175 Permit Pending Use (Orlando, FL) (previously "Sarasota Bayside") (Jacksonville, FL)

Bldg Permit Residential Mixed Halflants + Pichette, Studio 35 The Risdon 1374 5th Way The Risdon, LLC $5.9 894 0 11 0 Pending Use for Modern Architecture

In Seaward 43 Versailles 605 S Gulfstream Residential TBD TBD 0 0 25 0 Development Development

Bldg Permit 1542 4th St Residential Mixed Rosemary District Halflants + Pichette, Studio 46 Zahrada $4.8 5,562 0 6 0 Pending (between Lemon and Orange) Use Development LLC for Modern Architecture IN CONSTRUCTION On Cost Comm. Hotel Status Project Location Type Developer Architect Apts Condos Map (Millions) Sq Ft Rms

Arcos Apartments Residential Mixed Framework Group, Charlan Brock Associates 47 In Construction 1401 Fruitville Rd $30 3,700 228 0 0 (previously "Sarasota Flats") Use LLC (Maitland, FL)

Palm Ave Hosp. Art Ovation Hotel 50 Cocoanaut Ave Jonathan Parks / Solstice 48 TCO issued Hotel Holdings LLC $13 TBD 0 0 164 (Palm Ave and Cocoanut) Architecture and Planning (previously "Hotel Sarasota") (Hollywood, FL)

Artisan on Main ICON Residential, ROJO Architecture 49 In Construction Multiple Parcels Residential $5.1 0 0 37 0 (aka 41 N School Ave) Tampa, FL (Tampa, FL)

Residential Mixed 50 In Construction BOLD Lofts 1659 2nd St Biter Idea Vault HOYT Architects $14.5 6,271 97 0 0 Use

Centerplex 51 TCO issued 1950 Ringling Blvd Commercial Mark Kauffman APEX-Studio Suarez $6.5 0 0 0 0 (previously "Sabal Palm")

52 In Construction The Courtyard at Citrus Phase I 505 N Orange Ave Residential MBFC LLC HOYT Architects $1.9 5,700 0 10 0

624 S Palm Ave MHK Architecture & 53 TCO issued Echelon Residential The Ronto Group $20 0 0 17 0 (South of Ringling) Planning

710 N Lemon Ave Meeks & Partners 54 In Construction Elan Rosemary Apartments Residential Greystar GB II, LLC $33.7 0 286 0 0 (Blvd of the Arts and Lemon) (Houston, TX)

JEBCO Ventures, 55 In Construction Embassy Suites & Spa 204 N Tamiami Trail Hotel Hotel Paradise Parker Walter Group $25 4,000 0 0 180 Sarasota LLC

500 Laurel Park Drive Weekley Homes, 56 In Construction Enclave at Laurel Park Residential C. Alan Anderson $4.3 0 0 17 0 (West of Washington Blvd) Houston, TX

1500 State St Residential Mixed State Street Partners 57 TCO issued 1500 State Street HOYT Architects $4.8 8,407 0 20 0 (State St and Lemon Ave) Use SRQ LTD

Bldg Permit Laurel Townhomes 58 Alderman St and Rowe Place Residential Gulfside Homes TBD $0.9 0 0 7 0 Issued (previously "Hudson Commons")

Site Work In Residential Mixed 59 The Mark 1400 State Street Kolter Group HOYT Architects $70 46,000 0 157 0 Progress Use

Golden Gate Point 60 In Construction The Pearl 609 Golden Gate Point Residential HOYT Architects $6.0 0 0 8 0 Ventures, LLC

Renaissance Phases I, II, III West side of Coconaut Ave, 65 In Construction Residential Icon Residential BDG Architects $6.0 0 0 30 0 (prev. "Valencia at Rosemary Pl") north of Blvd of the Arts

1350 5th St Residential Mixed Steven Bradley, Halflants + Pichette, Studio 66 In Construction Risdon on 5th $6.1 7,000 0 22 0 (5th St and Florida Ave) Use Risdon Group for Modern Architecture

Rosemary Square Boulevard of the Arts, between Residential Mixed Rosemary Square Jonathan Parks / Solstice 67 TCO issued $7.5 30,000 0 46 0 Bldgs 1, 2, and 3 Central Ave and Lemon Ave Use LLC Architecture and Planning

Pg 8 of 24 IN CONSTRUCTION On Cost Comm. Hotel Status Project Location Type Developer Architect Apts Condos Map (Millions) Sq Ft Rms

Commercial 68 In Construction Sarasota City Center 1819 Main Street The Dilweg Cos. ASD/SKY (Tampa, FL) $4.0 N/A 0 0 0 Renovation

1242 Blvd of the Arts Cocoanut Arts West, 69 In Construction The Sarasota Modern Hotel HOYT Architects $17 3,500 0 0 81 (Cocoanut and Blvd ofthe Arts) LLC (Sarasota, FL)

Bldg Permit 1216 1st St Commercial Ataraxia LLC Design Concepts 70 Sarasota Times Building $1.2 N/A 0 0 0 Issued (West of Cocoanut Ave) Renovation (Nokomis, FL) (Tampa, FL)

Bldg Permit 7 One One Palm 711 S Palm Ave Seaward 71 Residential DSDG Architects $8.1 0 0 16 0 Issued (previously "Azure on Palm") (Alderman and Palm) Development

1343 4th St Tetra Terra Halflants + Pichette, Studio 73 In Construction Vanguard Lofts Residential $2.4 0 0 6 0 (4th St west of Central Ave) Development for Modern Architecture

Westcoast Black Theatre 1015 N Orange Ave Commercial Westcoast Black 74 In Construction C. Alan Anderson $4.0 N/A 0 0 0 Expansion (Orange Ave and 10th Way) Renovation Theatre Troupe Inc. COMPLETED IN LAST FOUR QUARTERS On Cost Comm. Hotel Status Project Location Type Developer Architect Apts Condos Map (Millions) Sq Ft Rms

Project 280 Golden Gate 75 Aqua 280 Golden Gate Pt Residential Parker Walter Group $11 0 0 8 0 Completed Point, LLC

Project Boulevard of the Arts Commercial Lattitude 27 Sweet Sparkman 76 1570 Blvd of the Arts $1.5 19,000 0 0 0 Completed (BOTA) Center Renovation Properties Architects

Project Rosalyn Holdings Forum Architecture 77 CitySide 700 Cocoanut Ave Residential $25.7 0 229 0 0 Completed Phase I LLC (Altamonte Springs, FL)

Project Residential Mixed Sarasota Second 78 The DeSota 1415 2nd St HOYT Architects $40 15,000 180 0 0 Completed Use Street Owner LLC

Project Residential Mixed Main Street J 79 The Jewel 1301 Main St HOYT Architects $20.7 9,000 0 20 0 Completed Use Development Co.

Project Kretzmer Residences of Florida Florida Studio 80 751 Cohen Way Residential C. Alan Anderson $1.3 0 0 5 0 Completed Studio Theatre Theatre

Project Residential Mixed Vandyk Inc. 81 Orange Club 635 S Orange Ave DSDG Architects $9.0 3,315 0 24 0 Completed Use (Ontario, CA)

Project Arcticstar Design Inc. 82 The Q Ringling Blvd east of Pine Place Residential JEBCO Ventures $8.4 0 0 40 0 Completed (Bradenton, FL)

Project 300 S Pineapple Ave Residential Mixed 83 Sansara MK Equity Corp HOYT Architects $11.1 2,471 0 17 0 Completed (SW corner Ringling/Palm) Use

Nichols Brosch Wurst Project The Vue Condominium NW corner of Tamiami Trail and Residential Mixed 85 Kolter Group Wolfe $120.7 3,800 0 141 255 Completed and Westin Hotel Gulfstream Avenue Use (Coral Gables, FL)

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1221 1ST STREET 1335 2ND STREET 1469 5TH STREET The 5,250 s.f. parcel next to 'Social on The 1925 residence at 1335 2nd St is In early development is a 5-story 1st' will be the location of a 5-story currently in use as a real estate office, residential building on the north side residential structure with 5 dwelling but will be redeveloped into 12-unit, of 5th Street, one block west of Lemon units built over parking. The project is 10 story residential condominium. It is Ave, known as 1469 5th Street. The currently seeking a Planning board the developer's intent to begin residential building will potentially recommendation to approve a construction by Fall of 2018. include 7 dwelling units. number of small adjustments.

IN DEVELOPMENT

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2724 FRUITVILLE ROAD 680 GOLDEN GATE POINT AIRPORT HOTEL Phase 1 The proposed 2724 Fruitville Road The currently vacant waterfront parcel A 5-story hotel will be built on vacant project would replace half an acre of will be redeveloped with a 15-unit, 8 land owned by the Sarasota Manatee vacant land with a 5,009 sf building story condominium built over ground- Airport Authority, and will contain 136 shell intended to house multiple office level parking. hotel rooms. The project is suites. The project has applied for a progressing through the City's building permit, which is pending as of Development Review Committee for April 1, 2018. necessary approvals.

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AIRPORT HOTEL Phase II ALVIN’S ISLAND AMARYLLIS PARK PLACE Ph 1 A 4 story hotel will be built on vacant Renovation of the existing Alvin's Phase 1 will transform the western land owned by the Sarasota Manatee Island retail store will result in a 3.92 acres (between Orange Ave and Airport Authority, and will contain 64 renovated first-floor retail space, and Gregg St) of the 18.4 acre Housing rooms. The project is progressing an expanded and renovated second Authority subdivision by replacing 12 through the City's Development level that will accommodate a 175- buildings built between 1955 and 1975 Review Committee for necessary seat indoor/outdoor restaurant. (containing 60 living units), with one approvals. three story building containing 84 residential units, on-site parking, landscaping, storm water-retention features, and on-site amenities.

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ARBOR VILLAGE THE BAY BLVD SARASOTA Arbor Village will redevelop 3.5 vacant "The Bay" will be a proposal for The Boulevard Sarasota ("BLVD") will acres into a mixed-use residential renewing 42 - 53 acres of publicly- construct a multi-phased mixed use development consisting of 80 multi- owned property along the Sarasota development that will provide a total family apartments within two Bayfront to meet the City of 51 residential units, approx. 10,918 buildings, and one commercial office Commission's adopted goals to sf of restaurant, and 6,707 sf of retail/ space (10,000 sf) with two units. The "establish a cultural and economic office in an 18-story structure. The project is a partnership between the legacy for the region while ensuring project includes a Major City and County of Sarasota's Office of open, public access to the Bayfront". Encroachment Agreement, allowing Housing and Community The community has been collaborating the building to built across the 5th Development, CASL (Community with urban design firm Sasaki Way alley while leaving public alley Assisted and Supported Living), and Associates to prepare a access. the Tampa-based affordable housing comprehensive Master Plan for the developer Blue Sky Communities. Commission's consideration. Final presentation of the Plan is expected for September 2018, with the first redevelopment in the waterfront multiphase project expected to be completed in 2020.

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CHURCH OF THE REDEEMER 332 COCANUT CITYSIDE Phase II Palm Avenue's Episcopalian Church of The southeast corner of Cocoanut and Phase 2 of Cityside will redevelop 3.61 the Redeemer (built 1952) will add a 4th Street will be the site of a mixed acres located north of Cityside Phase I, 14,200 sf three-story addition on its use residential development that will providing 253 rental units, and 1.26 acre site, to be used for include a 5-story structure with 36 approximately 8,700 sf of commercial classrooms, administrative offices, and single family attached dwelling units, space. The Site Plan received City of event space. The project will include and 9,151 sf of commercial space Sarasota approval in 2017. off-site parking agreements, and (8,326 sf of office space, and an agreements to encroach into the right- approx. 825 sf coffee shop). The of-way of Gulfstream Ave and McAnsh project is currently seeking Square. Administrative Site Plan approval from the City of Sarasota, and has submitted an application to Demo the existing site structure.

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COURTYWARD AT CITRUS Ph II THE DEMARCAY DRAPAC Phase II of the Courtyard at Citrus The DeMarcay is planned as an Drapac received Site Plan approval in Square will extend the Citrus Square adaptive reuse of the historic February of 2017, allowing 5 stories, and Citrus Courtyard further north, to DeMarcay Hotel façade, combined containing 62 residential units and the edge of Boulevard of the Arts. The with 18 stories of new construction. 2,820 s.f. of retail space on the 1 acre project is currently pursuing a The DeMarcay will include 39 site located at the northeast corner of foundation permit while Phase I is residential units and 2,400 sq. ft. of Cocoanut Ave and 4th Street. nearing completion. Phase II will add retail space. A construction permit another 6,300 sf of commercial space, was issued in October 2015, and with 18 residential units above. expired in 2016 with no construction activities taking place.

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EAST AND FRUITVILLE CMRCL FIRST & AUDUBON TOWNHOMES FOUR POINTS BY SHERATON Three parcels have been combined to The 1st and Audubon Townhomes The Baymont Inn (currently 99 hotel create a 0.69 acre site for a 7,000 s.f. project will convert 7 parcels of rooms) will be renovated to add retail development referred to as East unoccupied land totaling 1.68 acres, height to the western building (from 3 and Fruitville Commercial. The project into a residential development stories to 5) and the northern building is divided into five connected retail containing 6 separate three-story (from 2 stories to 3). The exterior spaces and 27 on-site parking spaces. buildings. Buildings #1 through #6 will walkways will be converted to interior The site plan and associated provide a total of 32 living units, each hallways, and the buildings will be adjustments were approved in 2017. with a 2-car attached garage, and connected with a central lobby space, additional on-site and on-street however the total number of hotel parking will be created. rooms will decrease by 3, for 96 rooms total. The Inn will be operated as a Four Points by Sheraton. The project received Planning board's recommendation for approval in late March, and will now seek the approval of the City Commission.

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FRUITVILLE HOTEL THE GRANDE HAMPTON INN AND SUITES The parcels previously addressed as The first piece in redeveloping the The Hampton Inn and Suites will 1351, 1357, and 1365 Fruitville Rd are 14.69 acre Quay site will be The create 150 hotel rooms on Fruitville combined as the site of a future, five- Grande; an 18-story mixed use Rd, at the corner of Cocoanut Avenue story hotel with 118 rooms, and 59 development on 1.9 acres that will in Downtown Sarasota. The project parking spaces. The site plan received include 73 condominiums, approx. site has been cleared, and a building City approval in 2017 but is currently 9,500 s.f. of restaurant space, and a permit application has been made, seeking site plan adjustments through 105,520 s.f. parking garage for 159 with construction to follow. The hotel the City's Development Review vehicles. The Grande will be linked to will be nine stories, with floors 2 Committee. the Ritz-Carlton tower (to the south) through 4 providing on-site, by an elevated pedestrian walkway. structured parking, and 5 stories of Construction of the Grande is guest rooms above. intended to coincide with improvements to the Fruitville Rd and U.S. 41 intersection (converting the signalized crossing into a modern round-a-bout).

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IMECA LUMBER & HARDWARE LEMON AVENUE LINER LIDO PAVILION Rezoning this 1.03 acre, vacant site The Lemon Avenue Liner Building will At the request of the City of Sarasota, from 'Office Regional' to 'Commercial activate the western face of the Wells the Lido Beach Pavilion will be General' will allow the redevelopment Fargo bank garage with two levels of renovated to renew the Pavilion area of the parcel to construct a 9,400 s.f. commercial activity, creating 4,310 sf and encourage greater usage by hardware and home improvements of retail, and 4,310 sf of professional families and visitors to the beach. The store. office space. existing pool and pavilion with be renovated, and additional seating and children's play areas will be added.

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MISS SUSIE’S PALSAR PAYNE PARK VILLAGE Dr. Martin Luther King, Jr. Way's While no development has been The Payne Park Village Development newest development will recreate the formally proposed, Palsar's future plans to provide 135 attached and iconic Sarasota location known as Miss development location includes what is detached single-family homes on the Susie's into a modern restaurant: Miss presently nine parcels, bisected by an currently vacant 8.68 acre site located Susie's Newtown Kitchen. Ground- alley (six parcels on the north of the just east of Payne Park. Phase I of the breaking took place in February 2018, alley, and three parcels on the south). Village will construct the first 87 and construction of the one-story The Developer is seeking a partial alley homes on the southern portion of the restaurant, kitchen, and outdoor- vacation, and requesting to rezone six site. Subdivision approval for Phase 1 dining patio is to follow. Downtown Edge parcels to Downtown will be scheduled to go before the City Core (the remaining three parcels are Commission, and a Foundation Permit currently zoned Downtown Bayfront). is currently pending to begin site preparations.

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THE PINES RENOVATION QUAY SARASOTA REGIONS BANK The Pines of Sarasota will begin The City of Sarasota has approved a A new 3,800 s.f. Regions Bank branch renovations to their Senior Care Development Agreement for the 14.69 with four drive through lanes will be facilities in Spring of 2018. The acre "Quay Sarasota" site that allows constructed on the northwest corner planned improvements include redevelopment within the parcel of U.S. 41 and Glengary Street modernization of residents' rooms, a boundaries in nine 'sections' - for a total (previously the location of a Steak and new porte cochere, refurnished public of (up to) 695 residences, 175 hotel Ale restaurant, but the 1 acre parcel areas, and a new activities room. rooms, 189,050 s.f. of retail, and nearly has been vacant since 2008). 39,000 s.f. of office space, in buildings with a maximum of 18 stories. Additional improvements will include renovation of the historic Belle Haven Hotel, completion of a section of the City's public Multi-Use Recreational Trail (MURT), and improvements to the right- of-way on Blvd of the Arts, and on US 41. A permit for $1.7M of site work is pending approval, and will include underground utilities, storm, sanitary, and potable water, pavement, curb, base, and asphalt work.

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RINGLING BLVD APARTMENTS THE RISDON SANDCASTLE RESORT Located on the site of the former The Risdon on 5th (SW corner of The 6.1 acre which currently houses Ringling Shopping Center (vacant as Central Ave and 5th Way) was the 176-room Sandcastle Resort 2014) the Ringling Blvd Apartments/ originally constructed in 2007 as the (previously the Helmsley Sandcastle) Mixed Use Project will include a 4- first mixed-use development in the will be formally re-zoned to story multifamily building with 222 Rosemary District. In 2016 "waterfront resort" to allow the residential apartments, a business construction began on the parcel to continued use of the site as a center, fitness center, and pool, and the west, to create additional living beachfront hotel. The owners propose approx. 36,849 s.f. of commercial and retail spaces (also referred to as to renew the property with a 304- space along Ringling Blvd. A Risdon on 5th, and currently under room modern resort hotel (two demolition permit for the vacant construction). "The Risdon", now in for towers of nine and ten stories), shopping center and associated building permit, will redevelop an including a restored sea wall, hotel parking area has been submitted to additional parcel, across the street restaurants, two ballrooms, and two the City, and a building permit has from The Risdon on 5th. The Risdon garage levels of parking. The been requested. will be a 5-story residential building development plans are pending with 894 sf of ground-level retail. presentation to the Planning Board, followed by the City Commission.

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SARASOTA DAYCARE SMH PARKING GARAGE SMH ONCOLOGY TOWER 930 Beneva Rd will be the future site Three parcels will be combined to create As part of a series of facility of a 300-child stand alone daycare for a 5-story parking garage with developments to address regional pre-Kindergarten children, including approximately 600 parking spaces for cancer care, an Oncology Tower will classrooms and outdoor play area. use by patients, visitors, and employees be located on the Sarasota Memorial of the Sarasota Memorial Hospital. Hospital's main campus. The 7-story, Included in the proposed project is a 170,000 s.f. treatment center is vacation of Hawthorne St. east of expected to cost approximately $139 Osprey Avenue (already partially Million, with an opening date vacated for the Hospital's use). The City anticipated for 2021. Development of Commission will consider the street the project included holding a vacation application, after which a Building Permit can be issued. Community Workshop in March 2018 to orient the public to the project, including an associated street vacation.

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ST. ARMAND’S PUBLIC GARAGE STARBUCKS NORTH THE STRAND The City of Sarasota and the St. Starbucks is pursuing a building permit The Strand on Whitaker Bayou is Armand's Circle land-owners have for 2455 N Tamiami Trail, adjacent to designed as a two-phase project to collaborated to design and build a 4- the Indian Beach Sapphire Shores redevelop the 9.5 acre site of the old level public parking garage, including neighborhood and the Ringling College 'Whitaker Bayou Yacht Club' into three bicycle storage and public restrooms. of Art and Design. The approx. 2,200 sf residential condominium buildings. The garage will provide approx. 500 café will provide drive through service The first phase will include public parking spaces, and is being and indoor/outdoor seating. construction of 76 waterfront constructed on the current site of a condominium units on the southern public parking lot. An application for banks of Whitaker Bayou, and will be building permit is currently being followed with another 40 residential reviewed, and construction is planned units in the second phase. All three to be completed by the end of 2018. buildings are located west of the Tamiami Trail.

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VERSAILLES WAWA WHITAKER LOFTS The Versailles Condominiums (built Nine parcels located between Fruitville New development along the North 1974) proposes to redevelop the Rd and 2nd St (west of Lime) within the Trail is taking shape in the form of existing 5-story, 14 unit condominium Fruitville Gateway Corridor Overlay Whitaker Lofts; a development with an 18-story, 25 unit District will be combined to locate a collaboration from the Studio for condominium. The project's pre- WaWa gas and convenience store. Modern Architecture. The mixed use application is currently progressing The1.82 acre site will include a proposed residential structure will benefit from through the City's Development facility with 6 gas pumps and 5,636 s.f. the intersection conversion taking Review Committee (DRC) process. of convenience area. place at 14th and US 41 (construction of a modern roundabout including landscaping and public art) as well as proximity to the Sarasota Bay and multiple public parks. Early plans suggest the project will include 21 two -story condominium residences over street-level retail.

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ZAHRADA ARCOS APARTMENTS ART OVATION HOTEL The Zahrada (Czech for 'garden') is a Arcos Apartments converts three The Art Ovation Hotel will be opened mixed-use addition to the Rosemary acres of vacant land bordering for guests in April 2018. Adjacent to district of Downtown, with six Fruitville Rd into a five story the City's Palm Ave Public Parking individual three-story condominium development offering 228 apartments Garage, the hotel includes 164 rooms, residences located over six retail/ including studios, 1, 2, and 3 a restaurant, lounge, rooftop pool, and office suites (approx. 5,562 s.f. of bedrooms. A 406-car parking garage is a 10,000 s.f. ballroom. Construction commercial space). hidden in the building's center, and included improvements to the Palm surrounded by balconied apartments. and Cocoanut Avenue rights-of-way, The project will offer 3,700 sf of and the adjacent public alley. commercial street front space.

IN CONSTRUCTION

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ARTISAN ON MAIN BOLD LOFTS CENTERPLEX The Artisan on Main transforms 37 The BOLD Lofts are being constructed Centerplex has redeveloped a wedge individual parcels into a residential next to the 4-story BOLD Building on 2nd shaped parcel of vacant commercial subdivision containing seven three- Street between Goodrich and Adelia. land into a 4 story, 32,000 sf building, story buildings, for a total of 37 living The 5-story BOLD Lofts will offer 97 with parking provided on an adjacent units (averaging approx. 2,100 s.f. residential apartments, 6,271 sf of office parcel (directly south of Golf St). The each). space, and 247 parking spaces. building includes a drive-through bank Construction began in Spring of 2017, facility, and 24,000 sf of office space. A and the Lofts hope to be occupied by the Temporary Certificate of Occupancy end of 2018. (TCO) was issued in March 2018, while completion of individual commercial spaces is finalized.

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COURTYARD AT CITRUS Phase I ECHELON ELAN ROSEMARY APARTMENTS Citrus Square (completed 2009) is The Echelon on Palm Avenue is an 18- Elan Rosemary redeveloped four acres extended to the north with The story condominium with 17 residential of vacant commercial land into a four Courtyard at Citrus. Phase I of the units, 15 of which are full-floor story apartment building with 286 Courtyard is currently in construction, residential units designed with floor units (studios, 1-bedrooms, and 2- with 10 residential units and 6,300 sf areas of over 4,000 s.f. each. Garage bedrooms), and amenities ranging of commercial space fronting Orange parking for the residents will be at the from pool, fitness center, club room, Avenue. first two floors of the building. courtyard, and dog park. The Construction commenced in early apartment complex expects to be fully 2016, and a Temporary Certificate of complete by Fall 2018. Occupancy was issued in March 2018.

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EMBASSY SUITES AND SPA ENCLAVE AT LAUREL PARK 1500 STATE STREET The Embassy Suites and Spa (by The Enclave at Laurel Park replaces 17 The 1500 State Street Building brings Hilton) is an 18 story 180 suite hotel individual parcels and a portion of 3,708 sf of retail, 4,699 sf of office with a 145-seat restaurant (approx. Cherry Ln (totaling 0.8 acres)with a space, and 20 residential units to what 4,000 sf) and a 4,000 sf ballroom/ unified subdivision that will include was once a surface parking lot. The 6- conference center. The Embassy lobby seven buildings ranging from two to four story mixed-use building was issued a is located at ground level, and the stories, made up of 17 single-family Temporary Certificate of Occupancy in structure provides 200 parking spaces units (3 detached, 14 attached), each February 2018, and is currently on site (in 6 garage levels located at with a two-car garage. Three of the completing interior buildouts for office the base of the building). The hotel seven buildings are under construction, and commercial space tenants. and "Building #4" is progressing through will offer transportation conveniences the building permit process. such as bike rentals, and airport-St. Armand's shuttle services for guests, and is scheduled to begin accepting guests August 1, 2018.

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LAUREL TOWNHOMES THE MARK THE PEARL Laurel Townhomes will combine four Construction of The Mark will The Pearl on Golden Gate Point will be parcels along Hudson Bayou to complete redevelopment efforts a five story residential building with 8 construct seven townhomes with two originally begun in 2007 as 'Pineapple units, each offering 2,720 s.f., and and three stories, for a total of 7 Square'. The Mark's 11 story mixed- ground floor structured parking. dwelling units. The first building of use residential building will include Construction began in 2018 on the art- two has received a building permit, 157 condominium units, 35,000 s.f. of deco inspired tower, which is located and will contain 4 living units. A retail, 11,000 s.f. of office, with on-site on the interior of the Golden Gate second building containing three units structured parking. The Mark will be peninsula. (along Alderman) will follow in the partially built over a vacated portion future. of State Street between Pineapple and Lemon Avenues.

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PLYMOUTH HARBOR NW BLDG RCAD POST PROD. COMPLEX RCAD STUDENT HOUSING Plymouth Harbor added to their Ringling College of Art and Design's Riverside Drive north of Dr. Martin residential campus (built 1966) with newest facility provides students and Luther King, Jr. Way, will soon be the construction of a four-story professionals the ability to produce receiving significant right-of-way assisted living facility and garden professional content right on campus. improvements, as part of the courtyard, known as the Northwest Three structures make up the Post completion of Ringling College of Art Garden Building. The expansion added Production /Sound Stage complex - and Designs' new 3-story student 12 independent living units, 31 providing five separate sound stages, housing building. The building will assisted care units, and 30 memory editing bays, mixing rooms, screening house as many as 185 students, and care units over parking. A Temporary room, and support spaces (dressing includes a pedestrian bridge that rooms, green rooms, and offices). The Certificate of Occupancy was issued crosses Hudson Bayou, connecting the main facility (1300 Dr. MLK) is still in April 2, 2018. construction as of April 1, 2018, housing directly to other parts of the however Studio A (1330 MLK) and campus. The housing intends to be Studio B (1370 MLK) both opened in Fall open to receive Fall (2018) student of 2017. residents.

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RCAD VISUAL ARTS CENTER RENAISSANCE Phases I, II, III RISDON ON 5TH The Richard and Barbara Basch Visual Located between the Renaissance The Risdon on 5th is a mixed use Arts Center provides Ringling College Condominium (US41) and CitySide project, combining 22 residential units of Arts and Design students with a (Cocoanut Ave) are the two and three- on top of 6 ground-level retail spaces three-story, 38,000 sf facility including story Renaissance Townhomes. The in the heart of the Rosemary District. classrooms, workshops, and gallery thirty townhomes were built in three Construction began on the 5 story space. The building is formed with phases, the first of which (12 project in late 2016, and completion is two zinc-clad structures connected by townhomes) was completed in slated for Spring 2018. a breezeway. summer of 2017. The remaining 18 townhomes are currently under construction.

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ROSEMARY SQUARE Bldg I,II,III SARASOTA CITY CENTER SARASOTA MODERN The City of Sarasota's request to The 245,293 sf commercial office The Sarasota Modern will create 81 redevelop an acre of land in the building (built in 1989) is undergoing hotel rooms in Downtown's Rosemary Rosemary District was accomplished approximately $4M in renovations to District. The 5-story building began with the construction of Rosemary the shared and leased spaces within the construction in late 2017, and plans to Square. The project includes three tower's thirteen stories. Improvements be available to guests in Summer of buildings housing 30 residential units will also include adding a conference 2018. for performers of the Sarasota Opera, facility and social space for tenants. dance and theatre studio spaces, and Construction renovations are ongoing. 30,000 sf of ground floor retail and office space. Building 1 was completed in 2017, and Buildings 2 and 3 followed in 2018, with tenant build- outs currently in progress.

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SARASOTA TIMES BUILDING 7 ONE ONE PALM SMH REHAB PAVILION DE Murphy Constructors, Inc. will 7 One One Palm will redevelop a 0.64 The Sarasota Memorial Rehab Pavilion undertake an interior renovation of acre vacant parcel into a 5-story provides the "only local option for the historic 1926 4 story building residential building, and a single story hospital - based inpatient (rehab) known as the Sarasota Times Building. parking building. The residential services", with 44 private patient The building has been unoccupied building will contain 16 condominium rooms in a 5-story facility located on since Ceviche Bar and Restaurant residences, and two guest suites. Arlington Street within the Hospital closed in 2013. Renovations began in campus. The Rehab Pavilion opened February 2018, and are expected to be its doors April 1, 2017 but a Certificate completed within the year. of Completion is still pending.

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VANGUARD LOFTS WESTCOAST BLACK THEATRE AQUA The four story Vanguard Lofts will The 1926 Binz building at the corner of The Aqua was completed in January provide 6 residential townhomes with Orange Avenue and 10th Street is home 2017, as a nine story, eight-unit separate garage and amenities to to the Westcoast Black Theatre Troupe. waterfront condominium located on Downtown's Rosemary District. The Troupe's continued growth has lead Golden Gate Point. Construction began in 2015 and to a major renovation of their facility, completion is estimated for early and an expansion of their footprint. The 2018. historic Bintz building will receive new administrative areas, education and outreach offices, a weekday box office, a library, several multi-purpose rooms, and a 6,000 sf garden. Renovations began in late 2017.

COMPLETED

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BOULEVARD OF THE ARTS CTR CITYSIDE Phase 1 THE DESOTA The BOTA Center renovation Cityside opened in March of 2017, The DeSota is a mixed-use building transformed the historic Badcock offering 229 apartments in a 270,860 that brings 180 apartments (and two Furniture building (built 1957, and sf four story building that includes guest units), on-site parking, and vacant since 2005) into a commercial structured parking, landscaped 15,000 s.f. of commercial space to the office space in late 2017. Multiple courtyard, fitness center and pool. Downtown core. Construction began tenant build-outs are in progress to on the foundation in 2015, and a populate the 19,000 sq. ft of Certificate of Occupancy for the 10- commercial office space. story building was issued in March 2018.

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THE JEWEL KRETZMER RESIDENCES ORANGE CLUB The Jewel was completed in Fall of The Kretzmer Artists Residence was The Orange Club in Downtown's Burns 2017, adding a new, 18 story mixed- completed in January 2018, providing Court completed redevelopment of use tower Downtown's Bayfront 5 residential townhomes units to one acre of vacant land with the 2017 skyline. The project includes three house twenty or more performers of construction of 3 separate buildings, levels of on-site structured parking, the Florida Studio Theatre. known collectively as Orange Club. two levels of retail/office space, 19 Each structure contains either residential units, and on-site boutique condos or townhomes (for a residential amenities. total of 24 residential units), and the Orange Avenue frontage provides 3,315 sq. ft of street-level commercial space.

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THE Q SANSARA RCAD LIBRARY The Q recently completed The Sansara redeveloped the site of a The Alfred R Goldstein Library on the construction of the last of seven vacant gas station at the entrance to campus of the Ringling College of Art individual buildings. Construction Downtown's historic Burns Square and Design brings 46,000 sf of modern began in 2014 with 'Building A', and area into a 10 story tower with 17 academic library to the Ringling finished in January 2018 with the residential units and 2,471 s.f. of campus. The three story facility completion of Building 'G'. Each ground floor commercial space. The includes the books, periodicals, and building contains between 5 and 11 building and its associated research collections of a traditional townhomes, for a total of 40 improvements to the adjacent rights- library with the spatial and physical residential units. The Q's is located of-way (sidewalks, curb, landscaping, ammenities to satisfy the digital and between Ringling Blvd and Morrill St, etc.) were completed in 2017. technological needs of modern connected by the north-south creative students. The library was roadway Cosmopolitan Court (the completed in Winter of 2017, and northern continuation of Ohio Place). opened doors to students in April 2017.

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THE VUE CONDOMINIUM and THE WESTIN HOTEL The Vue Condominium and Westin Hotel have replaced a 2.9 acre vacant parcel with an 18-story mixed use building designing in the Sarasota School style of architecture. The Vue provides 141 residential condominiums, and the Westin offers 255 hotel rooms, with dining, spa, gym, ballroom, and pool amenities. Interior build-outs of individual residential units continue, with the buildings receiving CO's in late 2017 and early 2018. The Westin includes a 5,000 sf ballroom, 5,900 sf of meeting space, 2,000 sf of banquet space, and a 3,800 sf restaurant and bar.

OFFICE OF ECONOMIC DEVELOPMENT 1782 DR. MARTIN LUTHER KING, JR. WAY SARASOTA, FL 34234

SPRING 2018 DEVELOPMENT REPORT WILL BE AVAILABLE JULY 5TH, 2018

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CONTRACT NO. ______

BCC APPROVED: ______

CONTRACT FOR SALE AND PURCHASE

THIS CONTRACT FOR SALE AND PURCHASE (“Contract) is made and entered into on the day and year set forth below by Sarasota County, a political subdivision of the State of Florida (“County”), as Seller, whose address is 1660 Ringling Blvd., Sarasota, FL 34236 and ______, (“Buyer”) as Buyer, whose address is ______.

For and in consideration of the mutual promises set forth below, the parties hereto agree as follows:

1. PROPERTY. County agrees to sell and Buyer agrees to buy on the terms and conditions hereinafter set forth, that real property located at 20 North Washington Boulevard, Sarasota, FL also known as Parcel ID #2027-01-0012, and as more particularly described on the sketch and legal description attached hereto and made a part hereof as Exhibit “A”, together with any improvements located thereon, all of which is hereinafter referred to as the “Property”.

2. PURCHASE PRICE. Purchase price for the Property shall be ______and No/100 Dollars ($______.00) (“Purchase Price”) payable at Closing by cashier’s check or wire transfer. An Earnest Money Deposit in the amount of five percent (5%) of the purchase price shall be due and payable to the County, or an Escrow Agent approved by the County, within three days of the Effective Date of this Contract.

3. EFFECTIVE DATE. The “Effective Date” shall be the date on which the County signs the Contract.

4. TITLE EVIDENCE.

A. Buyer may, at Buyer’s expense, within thirty (30) days after the Effective Date, obtain a title insurance commitment issued by a Florida licensed title insurer agreeing to issue to Buyer.

B. If title is found defective in Buyer’s discretion, Buyer shall, within the Investigation Period, as defined in Paragraph 10 below, notify County in writing specifying defects. County will have sixty days (60) days from receipt of notice within which to remove the defects, failing which Buyer shall have the option of either accepting the title in its existing condition or terminating this Contract, whereupon Buyer and County shall release one another of all

1 further obligations under the Contract. Notwithstanding the preceding nothing contained herein shall require the County to file any lawsuits, to otherwise incur any expenditure, or to take any affirmative action to cure title defects. Any title matter that is not timely objected to by Buyer as provided for in this Section 4 shall be deemed to be accepted by Buyer.

5. CLOSING DATE. Subject to Buyer completing its title examination and satisfactorily completing its other due diligence investigations as provided in this Contract, this transaction shall be closed and the deed and other closing papers delivered on or before one hundred twenty (120) days from the Effective Date of this Contract (the “Closing Date”), unless extended in writing by mutual agreement of the parties, at which time County will deliver possession of the Property to Buyer.

6. PLACE OF CLOSING. Closing shall be held at the Office of the County Attorney, 1660 Ringling Blvd., Second Floor, Sarasota, Florida 34236 or at a place designated by County.

7. DOCUMENTS FOR CLOSING. County shall convey the Property to Buyer by County deed. County shall prepare a County deed in accordance with Section 125.411 Florida Statutes. Buyer shall furnish the closing statement and any other necessary closing documents.

8. EXPENSES AND COMMISSION. Documentary stamps on the deed and recorded corrective instruments shall be paid by Buyer.u B yer shall pay to record deed. The Purchase Price and consideration being given by the Buyer hereunder constitute the total consideration to be paid to County in connection with the acquisition of the Property. County and Buyer hereby represent to each other that they have not dealt with any licensed Florida real estate broker, agent, salesperson or finder in connection with the purchase and sale of the Property, other than those listed below: John Harshman with Harshman & Company, Inc and Selling Broker (if any) - ______. The licensee and brokerage named herein, if any, are collectively referred to as “Broker”. County hereby directs the Closing Agent to disburse at closing the amount of the brokerage fees set forth in the listing agreement to the Broker, except to the extent Broker has retained such fees from the escrowed funds. Commission shall be due and payable only if a Contract is approved by the Sarasota County Board of County Commissioners and such Contract closes according to its terms. Each party is responsible for its own attorney fees for settlement/contract negotiations and transfer of the Property.

9. SURVEY. Buyer may, at Buyer’s expense, have a survey of the Property prepared within thirty (30) days of the Effective Date. If the survey shows encroachments on the Property or that improvements located on the Property encroach on set back lines, easements, lands of others or violate any restrictions or regulations affecting the Property, the same shall constitute a title defect.

10. BUYER’S RIGHT TO INVESTIGATE. Buyer shall have the right to make such legal, factual and other inquiries and investigations as Buyer deems necessary, desirable and appropriate with respect to the Property. Such inquiries and investigations shall be deemed to include, but shall not be limited to, any leases and contracts pertaining to the Property, the physical components of all portions of the Property including but not limited to environmental assessments and soil borings, all improvements, such state of facts as an accurate survey and inspection would show, and zoning ordinances, resolutions and regulations of the city, county and state where the Property is located. Buyer shall have the option to terminate the Contract if in Buyer’s sole opinion the results of the investigations and inquiries are not acceptable. Buyer shall notify County within ninety (90) days after the Effective Date hereof of its election to terminate the contract and receive a refund of the Earnest Money Deposit as described in Paragraph 2 herein; otherwise, this condition shall be deemed to have been satisfied and the Earnest Money Deposit becomes nonrefundable. Buyer agrees to notify County promptly of any defects or conditions as set forth in this contract.

11. AS-IS CONDITION. County does not warrant the condition of the Property and Property is being sold in “as is” condition.

12. TIME. Time is of the essence of the Contract. Time periods herein of less than six (6) days shall in the computation exclude Saturdays, Sundays and state or national legal holidays. Time periods of six days or greater shall be computed on the basis of calendar days. Any time period provided for herein which shall end on Saturday, Sunday or legal holiday shall extend to 5:00 p.m. of the next business day.

13. OUTSTANDING LEASES. County has no knowledge of any valid and outstanding leases affecting the Property and no parties other than County have any rights to use or possession of the Property or any portion thereof.

14. CONDITIONS OF CLOSING.

a. Utilities. All charges for utilities shall be prorated through the date of Closing.

b. Liens. County shall furnish to Buyer at time of closing an affidavit attesting to the absence of any financing statements, claims of lien or liens known to County and further attesting that there have been no improvements or repairs to Property for ninety (90) days immediately preceding the Closing. Liens for special assessments shall be paid by County prior to the Closing or credited to Buyer as hereinafter provided. The amount of a certified lien shall be discharged by County prior to the Closing, and County shall provide receipts, satisfactions or releases proving such payment. The amount of any pending lien shall be assumed by Buyer with an appropriate credit given to Buyer against the Purchase Price. At such time as the full amount of said lien is determined the difference between the amounts shall be paid to the party that is entitled to the adjustment.

15. NOTICES:

Any notices of default or termination shall be sufficient if sent by the parties via United States certified mail, postage paid, or via a nationally recognized delivery service, to the addresses listed below:

Buyer/Buyer’s Representative: County’s Agent:

Name: Name: Cheri Ivarsson Special Projects Title: Title: Supervisor 1660 Ringling Blvd., Address: Address: #240 Sarasota, FL 34236 Telephone: Copy to: Facsimile:

Any change in the County’s Agent or the Buyer/Buyer’s Representative will be promptly communicated by the party making the change.

16. NO ASSIGNMENT. The Contract cannot be assigned without mutual approval by Buyer and County.

17. DEFAULT. In the event either Party refuses, neglects or otherwise fails to carry out any terms of the Contract, the Contract may be terminated by the non- defaulting Party, upon at least ten (10) days prior notice to the defaulting party. In the event of a default by Buyer, County shall have the right to retain any deposits already made by Buyer. In the event of a default by County, any deposits paid by Buyer shall be returned to Buyer.

18. NO INTERPRETATION AGAINST DRAFTER. Should any provision of this Contract require judicial interpretation, it is agreed that the court interpreting or considering same shall not apply the presumption that the terms hereof shall be more strictly construed against a party by reason of the rule or conclusion that a document should be construed more strictly against the party who or through its agent prepared the same, it being agreed that all parties hereto have participated in the preparation of this Contract and that legal counsel was consulted by each party (or opportunity for such legal consultation afforded to each party) before execution of this Contract.

19. EXECUTION BY COUNTY COMMISSION. Notwithstanding any action taken on the Contract by the Sarasota County Board of County Commissioners or

any agent thereof, or County employee, the Contract shall not be enforceable against the County unless approved by the Board of County Commissioners and executed by the Chairman of the Board of County Commissioners.

20. COUNTERPARTS. This Contract may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. A photocopy or facsimile copy of this Contract and signatures of the parties hereon shall be considered for all purposes as originals.

21. DISPUTE RESOLUTION.

A. In the event of a dispute or claim arising out of this Agreement, the parties agree first to try in good faith to settle the dispute by direct discussion. If this is unsuccessful, the parties may enter into mediation in Sarasota County, Florida, with the parties sharing equally in the cost of such mediation.

B. In the event mediation, if attempted, is unsuccessful in resolving a dispute, the parties may proceed to litigation as set forth below.

C. Any dispute, action or proceeding arising out of or related to this Agreement will be exclusively commenced in the state courts of Sarasota County, Florida, or where proper subject matter jurisdiction exists in the United States District Court for the Middle District of Florida. Each party irrevocably submits and waives any objections to the exclusive personal jurisdiction and venue of such courts, including any objection based on forum non conveniens.

D. The parties hereby waive all rights to trial by jury for any litigation concerning this Agreement.

E. This Agreement and the rights and obligations of the parties shall be governed by the laws of the State of Florida without regard to its conflict of laws principles.

22. AUTHORIZATION. The execution, delivery, and performance of the Contract has been duly authorized by proper action of the purchasing entity, if required. Buyer shall provide documentation of such authorization upon County’s request.

23. COUNTY AS A REGULATORY AUTHORITY. Buyer acknowledges that the County is the owner of the Property and also has authority as a regulatory agency. If the County, as the owner of the Property sells the Property to the buyer, such sale does not provide exemption from any required regulatory or permitting approval. The Buyer remains responsible to obtain any and all permits and/or permissions from the appropriate regulatory agencies including but not limited to Sarasota County.

24. THIRD PARTY RIGHTS. The parties hereto do not intend nor shall this Agreement be construed to grant any rights, privileges or interest to any third party.

25. CAPTIONS. The captions of this Contract are inserted solely for convenience or reference, and under no circumstances shall they be treated or construed as part of, or as affecting, this Contract.

26. ENTIRE AGREEMENT. This Agreement constitutes the sole and complete understanding between the parties and supersedes all other agreements between them, whether oral or written with respect to the subject matter. No Amendment, change or addendum to this Agreement is enforceable unless agreed to in writing by both parties and incorporated into this Agreement.

27. CONTINGENCIES. Buyer acknowledges that no contingencies other than those stated herein shall be permitted or considered. Adding any contingencies or other alterations by Buyer to this contract as advertised shall void the offer.

**Remainder of Page Intentionally Left Blank**

IN WITNESS WHEREOF, the Parties have executed this Contract on the last date set forth below.

Signed and Sealed in the “Buyer” Presence of these Witnesses:

______Witness Print Name:______Date: ______

______Witness Print Name:______

Additional signature page to follow.

“County”

BOARD OF COUNTY COMMISSIONERS OF SARASOTA COUNTY, FLORIDA

By: ______CHAIR

DATE: ______

ATTEST:

KAREN E. RUSHING, Clerk of the Circuit Court and Ex-Officio Clerk of the Board of County Commissioners

BY: ______DEPUTY CLERK

Approved as to form and correctness

______COUNTY ATTORNEY

8 Exhibit "A"