The Rosemary District Neighborhood Association president talks about building a sense of community and facing challenges within the neighborhood.
Source: www.yourobserver.com
The Rosemary District in downtown Sarasota is undergoing significant changes and improvements through redevelopment of residential and commercial properties.
The future is in question for at least a dozen new condo projects that were originally proposed to be developed east of Interstate 95 in the tricounty South Florida region since this current real estate cycle began in 2011.
Source: www.miamiherald.com
From our perspective this is more of a healthy correction or pruning of the pipeline. Things were certainly getting a little frothy. We do not necessarily feel this is a major inflection point in the south Florida condo cycle but more a moderation in the pace to achieve more long term and sustainable growth. Of course time will tell….
Source: media.bizj.us
Continued interest in the Channel District in Downtown Tampa with more shops, restaurants and services popping up every day.
Sarasota No. 3 in nation for retirees
Source: www.heraldtribune.com
Amazing things are happening in Sarasota and for the uninitiated this market is quietly becoming one of the most sought after markets in Florida for retirees, families and young professionals alike. With world class beaches, fantastic shopping and a truly up and coming restaurant scene, the lifestyle qualities Sarasota brings are just a few of the reasons this hidden gem is being discovered by more people every day.
Source: www.bloomberg.com
It is not entirely surprising to see the single family REIT’s rebalance their portfolio to provide for a higher concentration of quality homes. While gross yields may seem initially higher for some Class C type assets, the higher costs and time associated with managing these quality assets can erode margins quickly.