A second phase of the Bayside apartment development is moving ahead near Sarasota’s bayfront, extending one of the Rosemary District’s larger mixed-use projects north to 10th Street.
Real estate firm Allen Morris Co. has closed on a $43 million construction loan from Affinius Capital LLC, in partnership with Axonic Capital LLC, for Bayside North, a seven-story residential rental building planned for 1250 10th St. The project is the second phase of the broader $250 million Sarasota Bayside development, which is already under construction next door.
The new building is planned for a 41,947-square-foot previously vacant site at 10th Street and Florida Avenue. The owner is Sarasota Bayside Phase II LLC, with a mailing address through The Allen Morris Company in Coral Gables…