Site plans for a towering residential project in downtown Sarasota are officially in the books.
The Adagio, a condominium project for 172 residential units and commercial space across two towers, filed site plans with the city of Sarasota Tuesday. Slated for 1360 Ringling Blvd., the project’s first tower will include market-rate units and stretch 18 stories, with a second tower of affordable residential units reaching 10 stories.
The project site is at the intersection of Palm Avenue and Ringling Boulevard, just off the roundabout north of the Burns Court area. Its listed addresses of 1360 Ringling Blvd., 330 S. Pineapple Ave. and 301 and 303 S. Palm Ave. total 2.2 acres valued at $5.6 million, according to Sarasota County property records.
The Adagio will include 103 market-rate residential units in the 18-story tower and 69 attainable units in the shorter tower, plans show. The building will sit on top of a shared podium that includes a parking garage and around 32,000 square feet for office space, a restaurant and a coffee store, according to the site plan.
Developer DT Sarasota Development LLC relied on the recent state Live Local Act, a tax credit program aimed to incentivize affordable housing, to support the project. The act requires local governments to designate multifamily projects that meet state affordable housing criteria — at least 40% of its residential units priced as attainable — as allowable uses in areas zoned for commercial, industrial or mixed-use purposes.
The Adagio slides just over attainable requirement, with its 69 attainable units representing 40.1% of its 172 total units. Attainable units, in this case, are priced at 80% to 120% of the area median income — and the Adagio proposes attainable units at 120%. Sarasota County’s area median household income is $77,705, according to county data.
The Live Local Act also clears the way for The Adagio’s proposed 18 stories, requiring local governments to allow projects to build up to the height of the tallest building within a mile of the proposed development. Nearby properties like The Westin and The Ritz-Carlton, each within a mile of the proposed Adagio, reach 18 stories.
Zoned in the downtown core district, The Adagio is eligible for the density and height bonus.
Local concern about the project’s substantial height is evident, with residents in neighboring complexes like the Sansara fearing 18 stories could become an imposing downtown norm. Similar arguments against The Obsidian, which would’ve stood as downtown’s tallest building at 327 feet if approved, persisted for years until the City Commission ultimately denied the project on compatibility grounds last month.
With the project under the administrative approval process, residents won’t have an opportunity to comment on it during a public meeting. The Adagio’s site plan will go before the city’s Development Review Committee, whose meetings don’t include public comment, for final approval.
Contact Herald-Tribune Reporter Heather Bushman at hbushman@gannett.com. Follow her on Twitter @hmb_1013.
This article originally appeared on Sarasota Herald-Tribune: 172-unit downtown Sarasota condo project The Adagio submits site plans for city approval
Reporting by Heather Bushman, Sarasota Herald-Tribune / Sarasota Herald-Tribune
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