A longtime Italian-American restaurant is closing its downtown Sarasota business this weekend, before relocating in 2026. Caragiulos is celebrating its last day at 69 S. Palm Ave. on Sunday, Oct. 26.
The building where it is located, Mira Mar, was acquired by Seaward Development for $17 million in 2023. In July, the owners of the more-than 100-year-old Mira Mar won zoning approval to build two 18-story condominium towers behind the building. Revenue from that project will go toward rehabilitating and restoring the historic portion of the existing Mira Mar property, built in 1922, that occupies 400 feet of Palm Avenue frontage, including retail, restaurant and office space.
“It is bittersweet, but we are excited for this next chapter!” Caragiulos wrote on its Facebook page, replying to a comment about changes downtown. ”Here’s to a new chapter and another few decades!”…