1000 North, the private club and dining brand co-founded by Michael Jordan and other big-name partners, announced this week that it’s under contract to purchase an adjacent property in downtown Sarasota. The new property expands the project while the club is still under construction in the BLVD building at the corner of Boulevard of the Arts and North Tamiami Trail, near the entrance to the Rosemary District. The new parcel is located just west of the BLVD building, between it and The Sarasota Modern hotel.
It’s too early to say whether it will be built out to be attached to the existing building or be a standalone. Currently, the parcel is part of The Sarasota Modern’s grounds, where an older, unoccupied home sits.
Sarasota’s 1000 North location, whose official address is 520 N. Tamiami Trail, is an expansion of the original 1000 North club in Jupiter, which was founded by developer Ira Fenton and a slew of sports stars, including Jordan, former New York Giant Tucker Frederickson and golf legend Ernie Els. Serena Williams, Ahmad Rashad and Bryant Gumbel, among other notable names, are listed as partners.
Chief operating officer Alex Elshimy says membership demand in Sarasota has exceeded the company’s early projections, which gave the team the confidence to move forward with the adjacent property purchase. He says the additional parcel totals 10,500 square feet, while the current club spans a little more than 13,000 square feet.
Elshimy says the strength of demand had come as something of a surprise. Memberships will cost $6,000 a year, although Elshimy declined to provide more detailed membership figures, including the initiation cost…