SVN Commercial Partners lands exclusive listing for entitled Sarasota site

SVN Commercial Partners will market a fully entitled downtown Sarasota development site at 1776 Ringling Boulevard, a $11 million offering planned for a 10-story, 52-unit condominium tower with ground-floor retail. The site’s approval status and central location could speed up a rare new high-rise project in the city’s growing core.

Why it matters: - The 0.77-acre site is already fully entitled, which can shorten the path from acquisition to construction for a buyer. - The planned project adds another high-rise residential option to downtown Sarasota as demand for urban housing keeps rising. - The offering sits in a corridor where downtown development is pushing eastward along Ringling Boulevard.

What happened: - SVN Commercial Partners was named the exclusive listing agent for 1776 Ringling Boulevard in downtown Sarasota. - The property is being marketed for $11 million. - The site is at the intersection of Ringling Boulevard and South Osprey Avenue, with addresses listed as 1776 Ringling Boulevard and 222 South Osprey Avenue. - The parcel has completed the City of Sarasota site plan approval process. - The approved concept calls for a 10-story, 52-unit condominium tower with about 221,925 square feet and about 9,000 square feet of ground-floor commercial space.

The details: - The site is immediately adjacent to the Laurel Park neighborhood. - The location is within walking distance of downtown restaurants, shopping, cultural attractions and employment centers. - The City of Sarasota approved the vacation of Osprey Court, which had separated the two parcels before they were unified into one development site. - The project includes enhanced streetscape elements and public-realm improvements along Ringling Boulevard and South Osprey Avenue. - 1776 Ringling won a Gold award in the 2026 4walls commercial building award for its building design. - The location also provides access to downtown business district destinations, Main Street, the Bayfront, Marie Selby Botanical Gardens, Marina Jack, the Van Wezel Performing Arts Hall and nearby barrier-island beaches including Lido Key and Siesta Key.

Between the lines: - The listing reflects how downtown Sarasota continues to draw residential investment beyond its traditional core. - A fully approved site with unified parcels is a cleaner deal structure for regional and national developers evaluating urban condominium projects. - The mix of residential units and ground-floor commercial space suggests a transit- and pedestrian-oriented downtown format rather than a single-use tower.

What's next: - SVN Commercial Partners will market the property to qualified regional and national developers and investors. - A buyer could move forward on a major downtown project with much of the entitlement work already completed. - The sale process will test demand for larger-scale residential development in Sarasota's core.

The bottom line: - 1776 Ringling Boulevard is being positioned as one of downtown Sarasota's rare ready-to-build high-rise opportunities.