Waldorf Astoria Residences Sarasota, ahead of sales launching on Wednesday, will hold an exclusive preview event on Tuesday in anticipation of the brand-new building’s opening in Downtown Sarasota. The building will feature 86 private residences, ranging in size from one to five bedrooms, and several amenities including a wellness center, recreational areas and a 30,000 square foot elevated garden. Ahead of the event and the launch of sales, SRQ Magazine spoke with panelist Sadek Omar, a partner at ORE Development, a subsidiary of the building’s developer Jebcore Companies.
How did Jebcore Companies come to be interested in this development?
The project’s location is what we like to describe as the heart of downtown Sarasota. It is, for us, the most important site in the Downtown market because it’s the epicenter and pivotal to themarket’s vitality once reimagined. When we started the project, our partners, WMG Development, who took the risk and safeguarded the site for the right use, have always been hyper-focused on giving back to the city and creating something meaningful. When we were discussing the partnership, our group stepped up, committing to executing a once-in-a-lifetime project. When analyzing the right brand for the project, we studied the nuances. We thoroughly enjoyed the Waldorf Astoria’s commitment to creating special, standalone residential experiences. Those two critical points aligned with our vision…