SARASOTA, FL-Lion’s Gate Development is seeking approval for the Proscenium, a mixed-use development that will include a 225-room hotel, 800-seat performing arts center, 125 residential units, 50 loft residential units, 230,000 sf of office and 130,000 sf of retail. The project will be located on two city blocks with the east and wide sides bounded by US 41 and Coconut Avenue and the north and south sides bounded by Boulevard of the Arts and Fourth Street. The hotel will contain 35,000 sf of ballroom, meeting and exhibition space and 50 hotel-branded residences.

Lion’s Gate has met with city commissioners regarding the project and will be conducting charettes with city staff, followed by meetings with the Sarasota Development Review Committee and neighborhood groups. The residential units will be for sale. Sales and marketing efforts for the project have not yet started, Lion’s Gate Development co-partner Karen Cook tells

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.