Redevelopment

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

• 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

• 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

• 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

• 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

• 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