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Sarasota's historic DeMarcay to reopen as luxury condo tower

New life is coming to the historic DeMarcay Hotel in downtown Sarasota, which is currently under construction and will reopen as an 18-story luxury condo tower.
 
The 39-unit tower will have many amenities including a rooftop pool, outdoor kitchen, club room and fitness center high above the city on the 18th floor.
 
“No other condominium in downtown has an amenities level at the top of its building,” says Perry Corneau, New Development Manager with Sotheby’s International Realty, which is handling sales for the tower. “The building will also have valet service and an elevator system to bring the residents' cars to the parking levels on the second through sixth floors.”
 
Corneau goes on to say that the façade of the original historic building will be incorporated into the new structure.
 
Unit sizes at DeMarcay at 33 South Palm range from 1,100-square-feet to over 3,000-square-feet and each unit has a balcony with a gas grill. Prices range from $600,000 to over $3.1 million per unit.
 
While construction has yet to start, units have already been sold.
 
“To date 13 of the 39 units have been reserved,” Corneau says. “Total sellout of the 39 units is expected to be in excess of $50 million.”
 
Construction is expected to be completed by spring of 2017.

Read more articles by Kimberly Patterson.

Kimberly Patterson is a news editor for 83 Degrees Media in the Tampa Bay region of Florida.
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