Business Observer, 02-03-26

Landmark Downtown Sarasota Hotel Torn Down for New Project

Demolition site with excavators dismantling a concrete building behind fencing

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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Rendering of a modern luxury condominium tower along a landscaped city boulevard

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.

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