The Schimberg Group aims to spark revitalization of a sleepier section of downtown Sarasota.
The sleepier end of downtown Sarasota has attracted recent attention from developers, but a project by a local architecture company could be a catalyst for concrete revitalization.
The Schimberg Group has unveiled renderings for a new building at 2101 Main St., which is east of U.S. 301. The firm plans to occupy a portion of the new development, while leasing out ground floor space to a restaurant or café.
“Our intent is to start motivating people to begin looking at it as more of a community than just an area of town,” said architect Barron Schimberg, who with his wife Patty purchased the 12,750-square-foot property for $332,500 last year.
And Largo-based Icon Residential last week bought two acres one block east of that new development for $2.75 million, advancing plans for new townhomes.
A developer plans to build 37 townhomes on Main Street and School Avenue.
Icon is currently working through the city’s permitting process for the 37-unit, three-story development, which will sit next to the 10-story Kane Plaza.
In the two years after Bonita Springs-based investment fund TerraCap Partners II bought the Kane tower for $11.5 million, tenants in the building have poured more than $500,000 into improvements, according to city building records.
“I think it’s a wonderful location and opportunity, and that people will start to see it evolve,” Schimberg said of the east end of Main Street.
Architect unveils catalyst project for east Main Street in Downtown Sarasota
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