Developer begins branding Sarasota luxury condo project on site of Hyatt

Kolter Urban releases details for the Hyatt redevelopment project to include 117 luxury condos and the Hyatt Centric Harborside hotel. An appeal of a Planning Board adjustment remains pending.

By Andrew Warfield
| 3:30 p.m. February 27, 2025
| 2 Free Articles Remaining!

A rendering by SB Architects of 1000 Boulevard of the Arts, which will include 117 condominiums in the west tower (right) and a Hyatt Centric Harborside hotel in the east.

Manatee-Sarasota

Although it has not received a full blessing of Sarasota city officials, Delray Beach developer Kolter Urban has announced the launch of sales for 1000 Boulevard of the Arts, currently the site of the downtown Hyatt Regency hotel.

Once approved, the project — which Kolter officials previously estimated to cost $250 million — includes demolishing the Hyatt, which was built in 1970. Kolter Group, doing business as KT Sarasota Bay, purchased the Hyatt property in July 2022 for $30.67 million.

Although imminent, the project has yet to receive full sign-off from the city’s Development Review Committee. It also faces a March 17 appeal before the City Commission brought by the developer of the nearby One Park and One Park West, which is challenging a critical code adjustment approved by the Planning Board, among other claimed irregularities.

The Planning Board granted the requested adjustment on Dec. 11.

The project will replace the Hyatt Regency and adjacent parking structure with two towers, one comprised of 117 luxury condominiums and the other a Hyatt Centric-branded hotel. It was originally planned for 224 condominiums and 166 hotel rooms Hyatt’s Thompson Hotels flag. Whether the number of rooms has changed was not revealed in a news release announcing the project.

In the release, Kolter Urban President Bob Vail describes 1000 Boulevard of the Arts as “A standout development that embodies our commitment to delivering exceptional luxury living in Sarasota. This new project offers a unique opportunity to live in one of the most dynamic and sought-after areas of the city combining elegant residences with world-class amenities.”

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The property abuts The Quay, where Kolter Urban is currently building its second Ritz Carlton Residences condo tower on Blocks 7 and 8, adjacent to the south side of the Hyatt site. It’s also adjacent to Block 9, where Property Markets Group of Miami and MoneyShow of Sarasota plan to build One Park West. That's a sister condo tower to One Park, which is currently under construction on Block 1 at the corner of U.S. 41 and Boulevard of the Arts.

The primary objections of PMG are a portion of Kolter’s eastern tower overhangs an alley separating the two properties, which amounts to taking of a public easement, and that an inadequately sized turning template for garbage trucks in the shared alley will force them onto Block 9 property.

For good measure, PMB also alleges the plan is in violation of the city’s Engineering Design Criteria Manual in multiple points, including:

At 33 feet in width, the primary driveway exceeds a 24-foot limit for commercial driveways.
Proposed curb cuts violate provisions of the Comprehensive Plan and the EDCM pertaining to and promoting the existence and maintenance of pedestrian sleeves and bicycle lanes.
The approved adjustment interferes with both Quay 1 and 9’s and the public’s pedestrian experience and access to the Multi-Use Recreational Trail and to the bay, including vistas of the water.
Kolter’s traffic study conclusions were inaccurate.

At a glance: 1000 Boulevard of the Arts

Kolter Urban has big plans for the project on the site of the Hyatt Regency in downtown Sarasota, a landmark property in town since 1970. Highlights of the mixed-use project include:

Ranging from 1,200 to more than 3,000 square feet, the residences will be one-, two- and three-bedroom units, each featuring ceiling heights up to 12 feet and private terraces with glass balcony railings.
Designer kitchens will include European cabinetry, quartz countertops,and premium Thermador stainless-steel appliances, according to a news release. Owners’ suites include walk-in closets and spa-like bathrooms with glass wall partitions, soaking tubs per plan, and Grohe fixtures.
Residences are arranged into distinct series based on view corridors. On the north side of the building, The Bay Residences offer views of The Bay park and Sarasota Bay. The Harbor Residences on the western side provide views of Quay Harbor, Sarasota Bay and beyond. Prices start at $1.4 million.
The adjoining Hyatt Centric Harborside Hotel will include a grand ballroom, meeting rooms, pool bar and restaurant with indoor and outdoor seating, all located on the amenity level adjacent to the residential amenity floor.
At the street level, 8,830 square feet of street-level commercial space is planned to include an independent restaurant at the corner of Quay Commons and Boulevard of the Arts.

This article originally appeared on sister site YourObserver.com.

author

Andrew Warfield

Andrew Warfield is the Sarasota Observer city reporter. He is a four-decade veteran of print media. A Florida native, he has spent most of his career in the Carolinas as a writer and editor, nearly a decade as co-founder and editor of a community newspaper in Mecklenburg County, North Carolina.