Redevelopment

Lofts on Lemon

Address: 750 Cohen Way, Sarasota, Florida 34236
Phone: (941) 278-0044
Lofts on Lemon Management Website
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, ACT Engineering, Hoyt Architects, JWR Construction Services
LIHTC Investor/Syndicator: TBD

Exterior view of Lofts on Lemon

Exterior view of Lofts on Lemon

Drone view of Lofts on Lemon

Exterior view of Lofts on Lemon

Lofts on Lemon interior community area

Lofts on Lemon gym

Lofts on Lemon living space

Lofts on Lemon kitchen

Amaryllis Park Place

Address: 2012 N. Orange Ave. Sarasota, FL 34234
Phone: (941) 284-6814
Amaryllis Park Place Management Website
Sources: 9% LIHTC (2017 Award), City/County Funds
Units by Program: 84 Total; 42 Project-Based Vouchers, 42 LIHTC
Development Team: SHA, Fortis Development, ACT Engineering, Hoyt Architects, JWR Construction Services
LIHTC Investor/Syndicator: TBD
An income restricted, Senior Property offering two-bedroom units near the downtown Sarasota area

Exterior view of Amaryliis Park Place Apartments entrance

Exterior view of Amaryliis Park Place Apartments

Interior view of Amaryliis Park Place Apartments community room sitting area

Interior view of Amaryliis Park Place Apartments community room ktichen and dining area

Amaryliis Park Place Apartments unit kitchen

Amaryliis Park Place Apartments unit bedroom

Janie's Garden Phase III

Address: 2350 Central Avenue, Sarasota, FL 34234
Phone: (941)365-3400
Janie's Garden Management Website
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

Aerial view of Janie's Garden

Sidewalk view of Janie's Garden

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 II

Janie's Garden Phase II

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 I

Janie's Garden Phase I

Cypress Square

Address: 21st Street & Gregg Street, Sarasota, FL 34234
Phone: (941) 302-6334
Cypress Square Management Website
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, Hoyt Architects, NDC Construction Company
LIHTC Investor/Syndicator: Bank of America

Cypress Square

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, Hoyt Architects, ME&S General Contractors
LIHTC Investor/Syndicator: Truist Bank

McCown Tower Preservation

McCown Tower Preservation Aerial

Cypress Square II

Address: 21st Street & Gregg Street, Sarasota, FL 34234
Primary Sources: 4% LIHTC/Bonds/FHFC RRLP Loan
Units by Program: A 108-unit, mixed-income community with 33 project-based Section 8 Housing Choice Voucher and 75 affordable, Low Income Housing Tax Credit apartments
Development Team: SHA, Fortis Development, Slocum Platts Architects and Hoyt Architects, Marmer Construction Company
LIHTC Investor/Syndicator: Raymond James
Construction Lender: Chase

Cypress Square II

Lofts on Lemon II

Address: 851 N. Lemon Ave., Sarasota, FL 34236
Primary Sources: 4% LIHTC/Bonds/FHFC RRLP Loan/Sarasota County ARPA funds
Units by Program: A 100-unit, mixed-income community with 25 project-based Section 8 Housing Choice Voucher and 75 affordable, Low Income Housing Tax Credit apartments
Development Team: SHA, Fortis Development, Slocum Platts Architects and Hoyt Architects, JP Wiseman Construction
LIHTC Investor/Syndicator: Bank of America
Construction Lender: Bank of America

Lofts on Lemon II

Cypress Square III

Address: 21st Street & Gregg Street, Sarasota, FL 34234
Primary Sources: 4% LIHTC/Bonds/FHFC Loan
Units by Program: A 61-unit, mixed-income community with 16 project-based Section 8 Housing Choice Voucher and 45 affordable, Low Income Housing Tax Credit apartments
Development Team: SHA, Fortis Development

Central Gardens

Address: 22nd and Central Ave, Sarasota, FL 34234
Primary Sources: 4% LIHTC/Bonds/FHFC Loan
Units by Program: A 39-unit, mixed-income community with 9 project-based Section 8 Housing Choice Voucher and 30 affordable, Low Income Housing Tax Credit apartments
Development Team: SHA, Fortis Development