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 GlobeSt.com.
The approval process is expected to last approximately one year, after which construction will begin, Cook says. "It's extremely rare that you can assemble six acres of property Downtown with frontage on US 41," she says. "The project will be a gateway into Downtown."
The complex is expected to be completed in fall 2010. Architects on the project are New York-based Perkins Eastman and the locally based Lawson Group. "The emphasis of the project is a pedestrian-friendly mixed-use development," says Lion's Gate Development co-partner Gary Cook.
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