Image courtesy of the Business Observer
As seen in the Business Observer
By Elizabeth King
A new development in downtown Sarasota has taken a big step forward with an even bigger demolition: the Hyatt Regency, after more than 50 years as a landmark waterfront property just off U.S. 41, has been totally torn down.
Delray Beach-based developer Kolter Urban is overseeing the redevelopment project, which will encompass two condominium buildings, one of which will include a new hotel and restaurant.
“Another condo will go where the current Hyatt is located, and then 1000 Boulevard of the Arts is both a Hyatt Centric hotel as well as a 117-residential-unit condo building,” Kolter Urban Senior Vice President Ed Jahn says in an interview with the Business Observer. “It’s an L-shaped building…Structurally, it’s one building, but it’s two separate components.”
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Image courtesy of the Business Observer
This rendering shows 1000 Boulevard of the Arts, which will be a 20-story tower containing a full-service hotel and luxury condominiums.

