Redevelopment Sites

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

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 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

Funded/Pending Developments

Amaryllis Park Place

  • Address: 1912 N. Orange Avenue, 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, Gardner Capital/Duvernay + Brooks, Hoyt Architects, ACT Engineering, (Contractor TDB)
  • LIHTC Investor/Syndicator: TBD

Lofts on Lemon

  • Address: 851 Lemon Avenue, Sarasota, FL 34234
  • Sources: 9% LIHTC (2018 Award), City Grant, Charles & Margery Barancik Foundation Grant, First Mortgage (TBD)
  • Units by Program: 130 Planned; 80 Affordable, 50 Workforce
  • Development Team: SHA, Gardner Capital/Duvernay + Brooks, Hoyt Architects, ACT Engineering, (Contractor TDB)
  • LIHTC Investor/Syndicator: TBD