Sarasota Mall Revamp Underway
Torburn Partners and Jamestown are moving forward with Sarasota Square, a mixed-use redevelopment of the former Sarasota Square Mall. The mixed-use development spans nearly 100 acres at the corner of South Tamiami Trail and Beneva Road in Sarasota. Upon full build-out, Sarasota Square will comprise 530,000 square feet of retail and dining space, as well as office space, and 1,200 residential units.
Sarasota Square Mall originally opened in September 1977 and closed in December 2024.
Phase I of the project, which is expected to be delivered in the first quarter of 2027, will introduce approximately 90,000 square feet of retail, including Whole Foods Market, HomeSense, Charles Schwab, CAVA, Joe & the Juice, and Chipotle Mexican Grill, bringing the first phase to 88 percent preleased.
Phase II of the development will encompass 160,000 square feet of street-oriented retail and dining space . The second phase is anticipated to open by the end of 2028.
Woodfield Development will break ground on a 360-unit apartment community for the project this summer.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout