New Developments in Sarasota:
Live Pipeline Map & Tracker

As of 2026, downtown Sarasota has 14+ active development projects representing over 1,300 residential units. Major projects include The Ritz-Carlton Residences Sarasota Bay (78 units, vertical construction), One Park Sarasota (86 units, topped out), The Edge Sarasota (27 units, topped out), Waldorf Astoria Residences (86 units, pipeline), Saravela (293 units, pipeline), and Adagio Sarasota (167 units, Live Local Act). Projects range from ultra-luxury branded residences to attainable housing developments utilizing the 23-ZTA-03 density bonus program.

The current Sarasota development pipeline includes approximately 1,355 new residential units across 14 projects. Of these, roughly 250 units are in active vertical construction, 113 units are topped out or near completion, and over 900 units are in the pre-construction pipeline. The pipeline includes both luxury condominiums (priced $2M–$15M+) and attainable housing developments utilizing the City's density bonus program (priced $500K–$2M).

The Live Local Act (SB 102, amended by SB 328) is a Florida state law that allows multifamily residential development on commercial and industrial zoned land. In Sarasota, it enables developers to match the tallest building height within 1 mile of their site (regardless of local zoning limits) and access the municipality's highest allowed density (200 du/ac). Projects must set aside at least 40% of units at or below 120% Area Median Income. The Act also bypasses local public hearing requirements, significantly accelerating the entitlement timeline.

Ordinance 23-ZTA-03 is Sarasota's attainable housing density bonus program that allows developers to exceed base zoning density in exchange for providing affordable units. In the DTC (Downtown Core) district, developers can achieve up to 200 dwelling units per acre (up from 50 du/ac base) by setting aside 15% of total units as attainable housing at 80%, 100%, or 120% of Area Median Income. The program also provides height bonuses and reduced parking requirements for qualifying projects.

The most expensive new developments in Sarasota are concentrated in the downtown waterfront and key districts: The Ritz-Carlton Residences Sarasota Bay ($3.5M–$11.5M, 555 Quay Commons), Rosewood Residences Lido Key ($3.8M–$12M, 1000 Benjamin Franklin Dr), Waldorf Astoria Residences ($4M–$15M+, 1390 Main St), One Park Sarasota ($2.5M–$8M, 20 N Lemon Ave), and The Edge Sarasota (from $2.995M, 290 Cocoanut Ave). These branded luxury residences represent the ultra-premium segment of Sarasota's development market.

Completion timelines vary by project stage: Rosewood Residences Lido Key and The Owen are expected Q3 2026, The Ritz-Carlton Residences and The Edge target Q4 2026, One Park Sarasota targets Q1 2027, Saravela targets Q4 2028, and pipeline projects like Waldorf Astoria, SOTA, and Adagio target 2029. Note that pre-construction pipeline timelines are estimates and may shift based on permitting, financing, and market conditions.