Kolter Group Makes Its "Mark" on the Thriving Sarasota Real Estate Scene Once More

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Aug 15, 2017, 13:16 ET

SARASOTA, Fla., Aug. 15, 2017 /PRNewswire/ -- This August, the developer Kolter Group, along with Sarasota city officials and VIPs eagerly wielded their shovels to officially "mark" the groundbreaking of The Mark Sarasota, a distinctive 12-story, mixed-use development in downtown Sarasota, and Kolter's third residential development in the area.

Pictured from L to R: City Manager, Tom Barwin; Michael Saunders, CEO Michael Saunders & Company; David Arent, Sr. Project Manager Kolter Urban; Edwin F. Jahn, III, Sr. Vice President, Kolter Urban; Lynn Morris, Sales Executive; Lisa Morris, Sales Executive; Georgia Kopelousos, Sales Executive; Robert Vail, President Kolter Urban; Liz Alpert, Sarasota Vice Mayor; Hagen Brody, Sarasota City Commissioner.

The Mark features dramatic architecture that blends 157 contemporary residences in an energetic urban setting that includes elevated resort-style amenities, 35,000 square feet of retail space on the ground floor and 11,000 square feet of high-end office space.

The Mark's luxury residences range in size from 1,354 to 2,969 square feet and are priced from the upper-$600,000s. More than 35% of the condominiums have been sold to date. The first residents will be able to move in by late 2019.

City officials complimented Kolter on adding an energizing live, work and play community in the heart of downtown Sarasota, celebrating its walkability and vibrant urban environment.

"This groundbreaking meant so much more than the ceremonial shovels in the ground. It truly is the culmination of years of brilliant and creative architecture plans, an impressive partnership with the city of Sarasota and a stunning vision that is quickly attracting residents to the project. Those shovels in the ground made us so proud to be playing an instrumental role in one of the country's hottest downtown transformations," said Bob Vail, President of Kolter Urban.

Only two blocks from the bay front, The Mark Sarasota is within walking distance of the Van Wezel Performing Arts Hall, the Asolo Theatre and other cultural and entertainment venues. To learn more about The Mark Sarasota, visit TheMarkSarasota.com.

About The Kolter Group

The Kolter Group, a diversified real estate development and investment firm that has invested in projects with expected value in excess of $10 billion. Headquartered in Palm Beach County, Florida, Kolter is currently developing in over 40 locations throughout the southeastern United States. www.thekoltergroup.com

SOURCE Kolter Group