Friday, March 3, 2017

Sarasota’s Skyline - Cranes in Action!

It is easy to derive a sense of well-being from the abundance of stunning views in downtown Sarasota. From the azure waters of the Sarasota Bay, to the perfectly poised architecture of the John Ringling Bridge and the eclectic, yet charming design composition of our lovely little city. One addition to the skyline of downtown has added excitement and optimism for many, in the business sector at least, – cranes – and not Sandhill Cranes. Yay! 

Those capricious cranes, so elusive during the recession, have reappeared. There’s a flock of them now with their wondrously long necks causing a lot of ruckus in the Sarasota Downtown area. The tower cranes can be seen in almost every direction in downtown Sarasota, lifting concrete forms and other materials around construction sites and swinging them into place with the stately movements of a giraffe. It's fascinating to watch!

Dozens of projects, some spanning the maximum 18 stories, will permanently change the appearance of the Sarasota skyline, a post-recession surge of building fueled by pent-up demand and confidence in the future. The city has issued building permits valued at more than $1 billion in the past three years. While that total include all types of construction, such as repairs and renovations, the new projects are the top-dollar draws. In the 2016 fiscal year alone, the city processed $442 million worth of permits.

Consider that our country is growing by 3.5 million people a year. That means in 15-years we’re going to have 52.5 million more people living amongst us. And here are more numbers from around the southeast to think about:

  • Florida: Current population of just under 20 million people is expected grow to 25.5 million people by 2030, a 27.5 % increase
  • Tampa Bay/St. Petersburg: Current population is 2.2 million and expected to grow to just under 3 million by 2030, a 31% increase
  • Sarasota County: Current population of nearly 400,000 residents is expected to continue to grow.

As a lifetime Sarasota resident, I have seen many changes to our skyline, both good and bad. However, I remind myself that today’s construction is for tomorrow’s population, and the populace is moving into our urban core at a quick pace. Our city is growing vertically. This is driving the need for more high-density housing. When I first started as a Realtor almost 10 years ago, there was nary a crane to be seen in downtown Sarasota and a lot of concern about the economy…which makes cranes a magnificent sight to behold these days, after years of worry that they might become extinct. And in case you’re wondering –state bird of Florida is the Northern Mockingbird… unless you’re a developer or Realtor in Sarasota! 

If you are looking to buy a home in my hometown of Sarasota, call me at Re/Max Alliance Group and I will share my memories of the growth of our beautiful skyline and find a great home for you Sarasota's paradise!




Sources and Credits: Sarasota Herald Tribune, Allen Morris, SVN Commercial Advisory Group

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