With the developer of the Vue Sarasota Bay condominiums planning to begin construction this spring even without requiring pre-sales, a race to complete the first new tower downtown in more than five years has officially begun.
Kolter Group's planned 141- unit high-rise has not fazed developers of three other high-end local projects, who maintain they, too, will begin building in the near future.
"The Vue is such an enormous project that it is not going to cater to everybody," said Matt Kihnke, the Chicagoan who is developing Sansara, a 17-unit luxury condo project at 300 S. Pineapple Avenue.
Kihnke, whose project has landed five reservations since it was unveiled last fall, says he is satisfied with the reception the proposed tower has received.
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