Redevelopment

Amaryllis Park Place

Amaryllis Park Place

  • Address: 2012 N. Orange Ave. Sarasota, FL 34234
  • Sources: 9% LIHTC (2017 Award), City/County Funds
  • Units by Program: 84 Total; 42 Project-Based Vouchers, 42 LIHTC
  • Development Team: SHA, Fortis Development, Hoyt Architects, ACT Engineering, (Contractor TDB)
  • LIHTC Investor/Syndicator: TBD

Amaryllis Park Place Apartments

  • 2012 N. Orange Ave. Sarasota, FL 34234
  • Office 941.284.6814
  • An income restricted, Senior Property offering two-bedroom units near the downtown Sarasota area
Janie's Garden Phase III

Janie's Garden Phase III

  • Address: 2350 Central Avenue, Sarasota, FL 34234
  • Completed: 2016
  • Sources: 9% LIHTC, City/County Funds, HUD RHF
  • Units by Program: 72 Total; 21 Public Housing, 14 Project-Based Vouchers, 18 LIHTC and 14 Market Rate
  • Development Team: SHA, Michaels Development Company, Slocum Platts Architects, Saterfield & Pontikes Construction Inc., ACT Engineering
  • LIHTC Investor/Syndicator: Raymond James
Janie's Garden Phase II

Janie's Garden Phase II

  • Address: SE Corner of Dr. Martin Luther King Jr. Way & Central Ave, Sarasota, FL 34234
  • Completed: 2011
  • Sources: 4% LIHTC/Bonds, HUD Stimulus Grants, HUD RHF, City/County Funds
  • Units by Program: 68 Total; 35 Project-Based Vouchers, 33 LIHTC
  • Development Team: SHA, Michaels Development Company, Torti Gallas, Tandem Construction, ACT Engineering
  • LIHTC Investor/Syndicator: Richman Asset Management
Janie's Garden Phase I

Janie’s Garden Phase I

  • Address: 2300 Central Avenue, Sarasota, FL 34234
  • Completed: 2009
  • Sources: 9% LIHTC, City/County Funds
  • Units by Program: 86 Total; 26 Project-Based Vouchers, 40 LIHTC and 20 Market Rate
  • Development Team: SHA, Michaels Development Company, Torti Gallas, Clark Construction
  • LIHTC Investor/Syndicator: NEF

Current Development Pipeline

Lofts on Lemon

Lofts on Lemon

  • Address: 750 Cohen Way, Sarasota, Florida 34236
  • Sources: 9% LIHTC (2018 Award), City Grant, Charles & Margery Barancik Foundation Grant, First Mortgage (TBD)
  • Units by Program: 128 Units (76 Affordable, 52 Workforce/Hometown Heroes)
  • Development Team: SHA, Fortis Development, Hoyt Architects, ACT Engineering, (Contractor TDB)
  • LIHTC Investor/Syndicator: TBD

Cypress Square

  • Address: 21st Street & Gregg Street, Sarasota, FL 34234
  • Sources: 9% LIHTC
  • Units by Program: An 84-unit, mixed-income community with 21 project-based Section 8 Housing Choice Voucher and 63 affordable, Low Income Housing Tax Credit apartments
  • Development Team: SHA, Fortis Development
  • LIHTC Investor/Syndicator: Bank of America
McCown Tower Preservation

McCown Tower Preservation

  • Address: 1300 Blvd of the Arts, Sarasota, FL 34236
  • Sources: 9% LIHTC - Preservation
  • Units by Program: 100-unit, Section 8, elderly high-rise
  • Development Team: SHA, Fortis Development
  • LIHTC Investor/Syndicator: Truist Bank