41 Modern townhomes proposed for downtown Sarasota on Ringling Blvd just West of Osprey
November 15, 2012 by: Roger Drouin | City Editor
The Queue, a 41-unit townhome development two blocks south of Main Street, is slated to become one of the first residential projects to break ground downtown since the real-estate market went bust.
Construction of the two- and three-story townhomes on a 2.2-acre vacant parcel of land between Ringling Boulevard and Morrill Street could begin as early as March, said Jim Bridges, CEO of Jebco Ventures, Inc.
Jebco Ventures, an Atlanta and Sarasota-based real-estate company, purchased the property in March. Jebco filed preliminary design plans with the city this month.
The townhome project meets the city’s zoning code, but the Planning Board and City Commission would have to approve technical developer requests before construction could begin, including: the city vacating ownership of two alleys and a plan to build a new drainage pipe under the project.
The Queue joins the Jewel, an 18-story condominium tower at 1301 Main St., and the Homes of Laurel Park, a 26-home project, as the first residential developments in several years in line for construction downtown.
At two-and-three stories in height, The Queue is a smaller scale project than the previous one proposed in 2007 for the same parcel. At that time, luxury condominium developer The Leonard Group unveiled The Atrium on Ringling, an octagonal, mixed-use 18-story tower rising above a rectangular base building surrounded by arcades. That project was never built.
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