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$150M Residential Tower Opens for Sales

SARASOTA, FL-The 18-story Metropolitan Sarasota Bay will have 124 units and is expected to break ground by the end of the year. Developer Richard D. Zipes is the project's managing general partner. Units are priced between $1.8 million and more than $5 million.

By Melissa Bogdany | Updated on April 27, 2004

SARASOTA, FL-The Metropolitan Sarasota Bay, a planned $150-million luxury residential tower planned for Sarasota, has opened a 4,022-sf sales gallery. Developer Richard D. Zipes is The Metropolitan Sarasota Bay’s managing general partner.A ground-breaking for the 18-story, 124-unit tower is planned by the end of the year. The development, which will overlook Sarasota Bay, will feature two- and three-bedroom units ranging from 3,200 sf to 6,500 sf. The units will be priced between $1.8 million and more than $5 million.The ground level will have two estate-sized residences, each with a private pool, a 3,000-sf lanai and a separate guest house. The development’s top two floors will have six 4,500- to 6,500-sf penthouse residences.The sales center will show eight floor plans and a scale model of The Metropolitan Sarasota Bay tower.

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