A new development in downtown Sarasota has taken a big step forward with an even bigger demolition: the Hyatt Regency, after more than 50 years as a landmark waterfront property just off U.S. 41, has been totally torn down.
Delray Beach-based developer Kolter Urban is overseeing the redevelopment project, which will encompass two condominium buildings, one of which will include a new hotel and restaurant.
“Another condo will go where the current Hyatt is located, and then 1000 Boulevard of the Arts is both a Hyatt Centric hotel as well as a 117-residential-unit condo building,” Kolter Urban Senior Vice President Ed Jahn says in an interview with the Business Observer. “It’s an L-shaped building…Structurally, it’s one building, but it’s two separate components.”
At the corner of Boulevard of the Arts and Quay Commons, 1000 Boulevard of the Arts will feature condominiums on both the harbor and the bay side, with floor plans ranging from 1,200 to more than 3,000 square feet. Prices start at $1.4 million. Delivery is expected in the second half of 2028, according to Jahn…